37, FARADAY DRIVE, SHENLEY LODGE, MILTON KEYNES, MK5 7DD - £575,000

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

37 FARADAY DRIVE is a large extended detached house of 145m², built sometime between 1996 and 2002. It was last sold for £575,000 in May 2022, which was around 16% above the average May 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was C.

37 FARADAY DRIVE Sold Prices

Land registry data shows three sales for 37 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. All of the three 37 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
2022 31 MAY	£575,000	£496,074	16% above HPI
2000 21 JAN	£136,000	£126,282	8% above HPI
1998 30 APR	£125,995	£100,980	25% above HPI

37 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 37 FARADAY DRIVE sales between April 1998 and May 2022 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 January 2000 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the May 2022 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 37 FARADAY DRIVE?

37 FARADAY DRIVE is 145m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 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 37 FARADAY DRIVE lies on this distribution: 70% of detached houses are smaller than 37 FARADAY DRIVE, and 29% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

37 FARADAY DRIVE: Plot and Title Map

37 FARADAY DRIVE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 37 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 37 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 37 FARADAY DRIVE?

37 FARADAY DRIVE is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 37 on FARADAY DRIVE.