15, FARADAY DRIVE, SHENLEY LODGE, MILTON KEYNES, MK5 7DD - £482,500

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

15 FARADAY DRIVE is a midsized extended detached house of 129m², built sometime between 1983 and 1990. It was last sold for £482,500 in May 2018, which was around 10% above the average May 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was C.

15 FARADAY DRIVE Sold Prices

Land registry data shows three sales for 15 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. One of the three 15 FARADAY DRIVE sales was for above the average price, whilst two 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
2018 23 MAY	£482,500	£437,245	10% above HPI
2016 27 APR	£341,000	£408,596	17% below HPI
2001 18 APR	£137,995	£149,708	8% below HPI

15 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 15 FARADAY DRIVE sales between April 2001 and May 2018 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 April 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2018 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 15 FARADAY DRIVE?

15 FARADAY DRIVE is 129m², which includes one extension, according to the EPC inspection conducted in December 2017. This puts it in the largest 50% 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 15 FARADAY DRIVE lies on this distribution: 56% of detached houses are smaller than 15 FARADAY DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

15 FARADAY DRIVE: Plot and Title Map

15 FARADAY DRIVE sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 15 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 15 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 15 FARADAY DRIVE?

15 FARADAY DRIVE is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 15 on FARADAY DRIVE.