31, FAVELL DRIVE, FURZTON, MILTON KEYNES, MK4 1AL - £238,000

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

31 FAVELL DRIVE is a very small extended detached house of 74m², built sometime between 1976 and 1982. It was last sold for £238,000 in January 2015, which was around 30% below the average January 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was B.

31 FAVELL DRIVE Sold Prices

Land registry data shows four sales for 31 FAVELL 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 31 FAVELL 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
2015 30 JAN	£238,000	£341,733	30% below HPI
2007 11 MAY	£195,000	£284,393	31% below HPI
2001 10 DEC	£117,750	£173,206	32% below HPI
1999 8 JAN	£79,000	£108,106	27% below HPI

31 FAVELL 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 31 FAVELL DRIVE sales between January 1999 and January 2015 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 May 2007 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2015 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 31 FAVELL DRIVE?

31 FAVELL DRIVE is 74m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the smallest 10% 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 FAVELL DRIVE lies on this distribution: 7% of detached houses are smaller than 31 FAVELL DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

31 FAVELL DRIVE: Plot and Title Map

31 FAVELL DRIVE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 31 FAVELL 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 FAVELL 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 FAVELL DRIVE?

31 FAVELL DRIVE is located in FURZTON, in the MK4 postcode district. The below map shows the position of No. 31 on FAVELL DRIVE.