41, FARADAY DRIVE, SHENLEY LODGE, MILTON KEYNES, MK5 7DD - £435,500

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

41 FARADAY DRIVE is a large detached house of 159m², built sometime between 1991 and 1995. It was last sold for £435,500 in January 2017, which was around 4% above the average January 2017 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was D.

41 FARADAY DRIVE Sold Prices

Land registry data shows three sales for 41 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 41 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
2017 6 JAN	£435,500	£419,366	4% above HPI
2010 5 NOV	£335,000	£274,040	22% above HPI
1998 18 DEC	£185,000	£108,408	71% above HPI

41 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 41 FARADAY DRIVE sales between December 1998 and January 2017 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 November 2010 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the January 2017 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 41 FARADAY DRIVE?

41 FARADAY DRIVE is 159m² according to the EPC inspection conducted in July 2009. 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 41 FARADAY DRIVE lies on this distribution: 77% of detached houses are smaller than 41 FARADAY DRIVE, and 23% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

41 FARADAY DRIVE: Plot and Title Map

41 FARADAY DRIVE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 41 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 41 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 41 FARADAY DRIVE?

41 FARADAY DRIVE is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 41 on FARADAY DRIVE.