Advanced Lookup:dynamically specify a cell.

Hi
I have 2 sheets, one sheet with a list of values and one with another set of values..

I need to create a formula to find a specific value on the second sheet, if it can find it I need to display the value 3 rows below and 2 columns to the right.

I have tried looking at Hlookup and Vlookup but they only can get a value in the same row or column as the lookup value.

I was wondering if you could dynamically specify a cell. because I can find the line number of the lookupvalue and the column will always be C - So if the lookup value is Matched at line 234 - I could create a formula that can display the value in C237?

Or any ideas?

I hope this makes any sense :-)

Thanks.