35, FARADAY DRIVE, SHENLEY LODGE, MILTON KEYNES, MK5 7DD - £477,000

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

35 FARADAY DRIVE is a small detached house of 97m², built sometime between 1996 and 2002. It was last sold for £477,000 in August 2023, which was around 7% below the average August 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

35 FARADAY DRIVE Sold Prices

Land registry data shows four sales for 35 FARADAY 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. Most of the four 35 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
2023 25 AUG	£477,000	£514,672	7% below HPI
2017 2 OCT	£423,000	£441,162	4% below HPI
2004 27 FEB	£227,000	£236,443	4% below HPI
1998 22 MAY	£106,995	£102,848	4% above HPI

35 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 four 35 FARADAY DRIVE sales between May 1998 and August 2023 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 October 2017 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2023 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 35 FARADAY DRIVE?

35 FARADAY DRIVE is 97m² according to the EPC inspection conducted in April 2017. 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 35 FARADAY DRIVE lies on this distribution: 26% of detached houses are smaller than 35 FARADAY DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

35 FARADAY DRIVE: Plot and Title Map

35 FARADAY DRIVE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 35 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 35 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 35 FARADAY DRIVE?

35 FARADAY DRIVE is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 35 on FARADAY DRIVE.