57, FAVELL DRIVE, FURZTON, MILTON KEYNES, MK4 1AX - £196,000

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

57 FAVELL DRIVE is a very small detached house of 75m², built sometime between 1996 and 2002. It was last sold for £196,000 in May 2012, which was around 30% below the average May 2012 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

57 FAVELL DRIVE Sold Prices

Land registry data shows four sales for 57 FAVELL 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 57 FAVELL 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
2012 11 MAY	£196,000	£278,911	30% below HPI
2005 22 SEP	£182,000	£250,356	27% below HPI
1998 25 SEP	£78,000	£106,100	26% below HPI
1997 10 OCT	£67,250	£96,974	31% below HPI

57 FAVELL 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 57 FAVELL DRIVE sales between October 1997 and May 2012 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 September 2005 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2012 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 57 FAVELL DRIVE?

57 FAVELL DRIVE is 75m² according to the EPC inspection conducted in April 2024. 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 57 FAVELL DRIVE lies on this distribution: 8% of detached houses are smaller than 57 FAVELL DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

57 FAVELL DRIVE: Plot and Title Map

57 FAVELL DRIVE sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 57 FAVELL 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 57 FAVELL 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 57 FAVELL DRIVE?

57 FAVELL DRIVE is located in FURZTON, in the MK4 postcode district. The below map shows the position of No. 57 on FAVELL DRIVE.