49, FARADAY DRIVE, SHENLEY LODGE, MILTON KEYNES, MK5 7DD - £615,000

49 FARADAY DRIVE is a large detached house of 161m², built sometime between 1991 and 1995. It was last sold for £615,000 in October 2021, which was around 30% above the average October 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

49 FARADAY DRIVE Sold Prices

Land registry data shows three sales for 49 FARADAY DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 49 FARADAY DRIVE 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
2021 20 OCT	£615,000	£474,086	30% above HPI
2004 16 JAN	£320,000	£240,869	33% above HPI
1999 19 MAY	£197,950	£112,191	76% above HPI

49 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 three 49 FARADAY DRIVE sales between May 1999 and October 2021 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 2004 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the October 2021 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 49 FARADAY DRIVE?

49 FARADAY DRIVE is 161m² according to the EPC inspection conducted in June 2021. This puts it in the largest 30% 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 49 FARADAY DRIVE lies on this distribution: 78% of detached houses are smaller than 49 FARADAY DRIVE, and 22% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

49 FARADAY DRIVE: Plot and Title Map

49 FARADAY DRIVE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of 49 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 49 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 49 FARADAY DRIVE?

49 FARADAY DRIVE is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 49 on FARADAY DRIVE.