18, FARADAY DRIVE, SHENLEY LODGE, MILTON KEYNES, MK5 7DA - £560,000

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

18 FARADAY DRIVE is a midsized detached house of 120m², built sometime between 1983 and 1990. It was last sold for £560,000 in January 2020, which was around 31% above the average January 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was D.

18 FARADAY DRIVE Sold Prices

Land registry data shows two sales for 18 FARADAY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 18 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
2020 13 JAN	£560,000	£428,948	31% above HPI
2010 4 AUG	£315,000	£277,995	13% above HPI

18 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 two 18 FARADAY DRIVE sales from August 2010 and January 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 August 2010 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the January 2020 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 18 FARADAY DRIVE?

18 FARADAY DRIVE is 120m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 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 18 FARADAY DRIVE lies on this distribution: 47% of detached houses are smaller than 18 FARADAY DRIVE, and 53% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

18 FARADAY DRIVE: Plot and Title Map

18 FARADAY DRIVE sits on a plot of roughly 0.181 of an acre, or 731m². The below map shows the location of 18 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 18 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 18 FARADAY DRIVE?

18 FARADAY DRIVE is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 18 on FARADAY DRIVE.