33, FARADAY DRIVE, SHENLEY LODGE, MILTON KEYNES, MK5 7DD - £400,000

33 FARADAY DRIVE is a very small extended detached house of 79m², built sometime between 1996 and 2002. It was last sold for £400,000 in November 2020, which was around 10% below the average November 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

33 FARADAY DRIVE Sold Prices

Land registry data shows four sales for 33 FARADAY DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 33 FARADAY DRIVE sales were for below 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
2020 27 NOV	£400,000	£446,439	10% below HPI
2016 23 JUN	£358,000	£408,702	12% below HPI
2005 22 DEC	£227,500	£251,356	9% below HPI
1998 27 MAR	£95,995	£101,125	5% below HPI

33 FARADAY DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The four 33 FARADAY DRIVE sales between March 1998 and November 2020 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 June 2016 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 33 FARADAY DRIVE?

33 FARADAY DRIVE is 79m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses by size in Milton Keynes, and where 33 FARADAY DRIVE lies on this distribution: 11% of detached houses are smaller than 33 FARADAY DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

33 FARADAY DRIVE: Plot and Title Map

33 FARADAY DRIVE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 33 FARADAY DRIVE, 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 33 FARADAY DRIVE). 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 33 FARADAY DRIVE?

33 FARADAY DRIVE is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 33 on FARADAY DRIVE.