About This Property

Discover what makes this home special

The Corkham is a spacious detached family home located on Chislehurst Road in the desirable Penshaw area of Houghton le Spring. Offering four well-proportioned bedrooms and three bathrooms, including an en-suite, this property is perfect for growing families seeking comfort and practicality. The open-plan kitchen and dining area provide a modern living space with ample natural light, while the separate living room offers a cozy retreat. The inclusion of a garage and utility room adds convenience and extra storage options.

Situated in a quiet residential neighbourhood, The Corkham benefits from a private rear garden facing south-east, ideal for enjoying morning and early afternoon sunshine. Its proximity to local schools, parks, and transport links makes it an excellent choice for families and commuters alike. With a competitive price point of £354,995, this property represents a fantastic opportunity to secure a quality home in a well-connected yet peaceful location.

Property Features

This detached home boasts four bedrooms, including a master with en-suite, providing ample space for family living. The open-plan kitchen and dining area is designed for modern living and entertaining, complemented by a separate living room for relaxation. Practical features include a utility room and an integral garage, enhancing storage and convenience. The private garden faces south-east, ensuring good sunlight exposure throughout the day.

DetachedFour BedroomsThree BathroomsEn-suiteGarageUtility Room+3

Local Amenities

Located in Penshaw, the property benefits from access to well-regarded schools such as Penshaw Primary School and St Robert of Newminster Catholic School. Houghton-le-Spring train station is within easy reach, connecting residents to Newcastle and Durham. Local amenities include supermarkets, healthcare centres, and recreational parks, providing a balanced lifestyle for families and professionals. Regular bus services further enhance connectivity to surrounding areas.

Primary SchoolsSecondary SchoolsHoughton-le-Spring Train StationLocal ShopsSupermarketsParks+2
Houghton-le-Spring Train Station (1.5 miles, 6 mins drive) • 20 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-
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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

Analyzing...
--/100
ChallengingModerateGoodExcellent

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
Specialist international mortgagesSpeak to a broker experienced with non-UK resident buyers
Get Advice
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£222
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

Floorplans

Ground Floor

Property Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

Newcastle Central
20 mins
25 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
Morning Good
Afternoon Moderate
Evening Low
Bedrooms 1 and 2
Morning Good
Afternoon Moderate
Evening Low

Location Scores

58
Walk Score
Somewhat Walkable
54
Transit Score
Good Transit
46
Bike Score
Somewhat Bikeable
View Location Details

Future Developments Nearby

Mixed Use+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
AvailableNB0000045632
View Location Analytics

The Corkham

Chislehurst Road, Penshaw, Penshaw, Houghton le Spring DH4 7ED
Herrington View
4
Bedrooms
3
Bathrooms
1,600
Est. Sq ft
detached
Type

Developer

Taylor Wimpey
Available Plot Numbers
167
1 plot(s) available
Ownershipfreehold

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£354,995The Corkham

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The Corkham
The CorkhamChislehurst Road, Penshaw£354,995

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