47, FARADAY DRIVE, SHENLEY LODGE, MILTON KEYNES, MK5 7DD - £553,725

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

47 FARADAY DRIVE is a very large detached house of 168m², built sometime between 1996 and 2002. It was last sold for £553,725 in December 2018, which was around 28% above the average December 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

47 FARADAY DRIVE Sold Prices

Land registry data shows four sales for 47 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. All of the four 47 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
2018 6 DEC	£553,725	£433,718	28% above HPI
2004 21 JUN	£320,000	£244,138	31% above HPI
2003 27 FEB	£290,000	£227,042	28% above HPI
1999 19 APR	£187,000	£110,797	69% above HPI

47 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 47 FARADAY DRIVE sales between April 1999 and December 2018 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 June 2004 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the December 2018 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 47 FARADAY DRIVE?

47 FARADAY DRIVE is 168m² according to the EPC inspection conducted in May 2018. This puts it in the largest 20% 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 47 FARADAY DRIVE lies on this distribution: 82% of detached houses are smaller than 47 FARADAY DRIVE, and 18% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

47 FARADAY DRIVE: Plot and Title Map

47 FARADAY DRIVE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 47 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 47 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 47 FARADAY DRIVE?

47 FARADAY DRIVE is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 47 on FARADAY DRIVE.