66, FARADAY DRIVE, SHENLEY LODGE, MILTON KEYNES, MK5 7HQ - £475,000

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

66 FARADAY DRIVE is a very large extended detached house of 274m², built sometime between 1996 and 2002. It was last sold for £475,000 in January 2012, which was around 71% above the average January 2012 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

66 FARADAY DRIVE Sold Prices

Land registry data shows four sales for 66 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 66 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
2012 12 JAN	£475,000	£277,554	71% above HPI
2005 31 AUG	£375,000	£250,576	50% above HPI
2003 14 JUL	£365,000	£224,157	63% above HPI
2002 21 MAR	£294,000	£176,785	66% above HPI

66 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 66 FARADAY DRIVE sales between March 2002 and January 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 August 2005 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the January 2012 sale, where it rises to 71% above the HPI. The line then continues to track at 71% above the HPI.

How Large is 66 FARADAY DRIVE?

66 FARADAY DRIVE is 274m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the largest 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 66 FARADAY DRIVE lies on this distribution: 98% of detached houses are smaller than 66 FARADAY DRIVE, and 2% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

66 FARADAY DRIVE: Plot and Title Map

66 FARADAY DRIVE sits on a plot of roughly 0.145 of an acre, or 588m². The below map shows the location of 66 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 66 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 66 FARADAY DRIVE?

66 FARADAY DRIVE is located in SHENLEY LODGE, in the MK5 postcode district. The below map shows the position of No. 66 on FARADAY DRIVE.