31, FARADAY DRIVE, SHENLEY LODGE, MILTON KEYNES, MK5 7DD - £257,500

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

31 FARADAY DRIVE is a small extended detached house of 99m², built sometime between 1991 and 1995. It was last sold for £257,500 in December 2013, which was around 13% below the average December 2013 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

31 FARADAY DRIVE Sold Prices

Land registry data shows two sales for 31 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 31 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
2013 10 DEC	£257,500	£296,860	13% below HPI
1998 3 JUL	£96,995	£106,241	9% below HPI

31 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 31 FARADAY DRIVE sales from July 1998 and December 2013 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 July 1998 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2013 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 31 FARADAY DRIVE?

31 FARADAY DRIVE is 99m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the smallest 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 31 FARADAY DRIVE lies on this distribution: 28% of detached houses are smaller than 31 FARADAY DRIVE, and 71% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

31 FARADAY DRIVE: Plot and Title Map

31 FARADAY DRIVE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 31 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 31 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 31 FARADAY DRIVE?

31 FARADAY DRIVE is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 31 on FARADAY DRIVE.