RED GABLES, BROWNEY LANE, BROWNEY, DURHAM, DH7 8HU - £227,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

RED GABLES is a very large extended detached house of 205m², built sometime between 1976 and 1982. It was last sold for £227,500 in October 2015, which was around 41% above the average October 2015 detached price in the County Durham local authority area. The most recent EPC inspection was November 2021, where the current energy rating was B, and the potential energy rating was B.

RED GABLES Sold Prices

Land registry data shows three sales for RED GABLES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three RED GABLES sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 15 OCT	£227,500	£161,077	41% above HPI
2001 26 JAN	£145,000	£80,384	80% above HPI
1997 21 NOV	£121,500	£70,182	73% above HPI

RED GABLES Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The three RED GABLES sales between November 1997 and October 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2001 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the October 2015 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is RED GABLES?

RED GABLES is 205m², which includes two extensions, according to the EPC inspection conducted in November 2021. This puts it in the largest 10% of detached houses in Meadowfield, based on EPC data. The below chart shows the distribution of detached houses by size in Meadowfield, and where RED GABLES lies on this distribution: 98% of detached houses are smaller than RED GABLES, and 2% of houses are larger. Note that EPC data is not available for all properties in Meadowfield.

RED GABLES: Plot and Title Map

RED GABLES sits on a plot of roughly 0.185 of an acre, or 750m². The below map shows the location of RED GABLES, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of RED GABLES). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is RED GABLES?

RED GABLES is located on BROWNEY LANE in BROWNEY, in the DH7 postcode district. The below map shows the position of RED GABLES on BROWNEY LANE.