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About This Property

Discover what makes this home special

The Corkham is a spacious and modern detached family home located on Chislehurst Road in the desirable Penshaw area of Houghton le Spring. Boasting four well-proportioned bedrooms including a master with en-suite, and three bathrooms in total, this property offers ample space for growing families or those who enjoy hosting guests. The interior features an open and bright layout with a contemporary kitchen and dining area that flows seamlessly into the garden, providing a perfect balance of indoor and outdoor living.

Situated in a peaceful residential development, The Corkham benefits from excellent transport links to nearby Newcastle upon Tyne and Durham, making it an ideal choice for commuters. The rear garden faces south-east, ensuring pleasant morning and early afternoon sunlight, while the local area offers a range of amenities including schools, parks, and shopping facilities, enhancing lifestyle convenience for residents.

Property Features

This detached home provides four comfortable bedrooms including a master suite with a private en-suite bathroom, complemented by a family bathroom and an additional cloakroom. The fitted kitchen is designed for modern living with ample workspace and direct access to the garden. Additional features include a handy storage cupboard on the landing and parking facilities. The south-east facing garden ensures good natural light during the morning and early afternoon, ideal for outdoor activities or relaxation.

DetachedFour BedroomsEn-suiteFitted KitchenSouth-East Facing GardenParking+2

Local Amenities

The property benefits from proximity to well-regarded primary schools such as Houghton le Spring Primary and Penshaw Community Primary, making it suitable for families with children. Houghton-le-Spring train station is within easy reach, offering convenient access to Newcastle and Durham. Local amenities include a Tesco Superstore for everyday shopping, Penshaw Park for outdoor recreation, and several bus stops providing additional public transport options. Nearby medical facilities ensure healthcare needs are well catered for.

Houghton le Spring Primary SchoolPenshaw Community Primary SchoolHoughton-le-Spring StationTesco SuperstorePenshaw ParkLocal GP Surgery+1
Houghton-le-Spring Train Station (1.5 miles, 6 mins drive) • 25 mins to Newcastle upon Tyne

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£354,995
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£354,995
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
68/100
ChallengingModerateGoodExcellent
Good transport links to Newcastle and Durham
Growing residential area with planned regeneration
Limited international profile of the area

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£354,995
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
6.4%
Based on £1,893/mo rent
Area Price Growth
+3.1%
Average annual increase
5-Year Value Forecast
£413,137
+£58,142 projected gain
5-Year Rent Forecast
£2,769/mo
Based on 7.9% annual growth
Price per Sq Ft£268
Annual Rent Income£22,716
10-Year ROI256%
Break-Even Point10 yrs

Property Value Projection

Based on 3.1% annual growth
£413,137
5yr
£480,802
10yr
£559,549
15yr
£651,194
20yr
£757,849
25yr
Current: £354,995

Monthly Rental Income

Based on 7.9% annual growth
£2,769
5yr
£4,049
10yr
£5,922
15yr
£8,661
20yr
£12,667
25yr
Current: £1,893/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplan

First Floor

Property Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

Newcastle Central
25 mins
30 mins
Durham
15 mins
20 mins

Sun Path & Natural LightAI generated - Estimated

NESW
South-East-Facing Excellent
7h
Garden Sun (Summer)
Yes
Morning Sun
No
Afternoon Sun

Room-by-Room Light Analysis

Living Room
Morning Excellent
Afternoon Good
Evening Low
Kitchen/Dining
Morning Good
Afternoon Moderate
Evening Low

Location Scores

68
Walk Score
Somewhat Walkable
60
Transit Score
Good Transit
55
Bike Score
Bikeable
View Location Details

Future Developments Nearby

Residential/Commercial+Positive Impact
Penshaw Regeneration Project
0.7 milesEst. 2025
* Information based on local planning applications and may be subject to change

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£354,995
AvailableNB0000028438
View Location Analytics

The Corkham

Chislehurst Road, Penshaw, Houghton le Spring DH4 7ED
Herrington View
4
Bedrooms
3
Bathrooms
1,325
Est. Sq ft
detached
Type

Developer

Taylor Wimpey
Available Plot Numbers
181
1 plot(s) available
Ownershipfreehold

Request Information

£354,995The Corkham

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The Corkham
The CorkhamChislehurst Road, Penshaw£354,995

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