48, FARADAY DRIVE, SHENLEY LODGE, MILTON KEYNES, MK5 7DB - £245,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

48 FARADAY DRIVE is a very small detached house of 54m², built sometime between 1991 and 1995. It was last sold for £245,000 in May 2017, which was around 43% below the average May 2017 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

48 FARADAY DRIVE Sold Prices

Land registry data shows two sales for 48 FARADAY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 48 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
2017 31 MAY	£245,000	£430,673	43% below HPI
2008 7 MAR	£165,000	£303,366	46% below HPI

48 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 two 48 FARADAY DRIVE sales from March 2008 and May 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 March 2008 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the May 2017 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 48 FARADAY DRIVE?

48 FARADAY DRIVE is 54m² according to the EPC inspection conducted in August 2016. 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 48 FARADAY DRIVE lies on this distribution: 1% of detached houses are smaller than 48 FARADAY DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

48 FARADAY DRIVE: Plot and Title Map

48 FARADAY DRIVE sits on a plot of roughly 0.047 of an acre, or 188m². The below map shows the location of 48 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 48 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 48 FARADAY DRIVE?

48 FARADAY DRIVE is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 48 on FARADAY DRIVE.