According to the public record, 7, Favell Drive, Milton Keynes is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,044 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Favell Drive, Furzton, Milton Keynes, MK4 is located within the MK4 postal district.
7, Favell Drive, Milton Keynes has 2 entries in the Land Registry database, most recently in February 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 Favell Drive Milton Keynes as £373,381 and the rental value as £1,589 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 7 Favell Drive Milton Keynes has decreased by £3,394 (0.9%) and its rental value has increased by £35 per month (2.2%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7, Favell Drive, Milton Keynes is in very good condition we estimate a sale value of £392,050 and rental value of £1,668 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £347,244 and a rental value of £1,478 per month.
If you were able to purchase this property for the estimated value of £373,381, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,835 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 7, Favell Drive, Milton Keynes was last sold on 12 Feb 2007 for £212,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2007, the market for similar properties has risen 64.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Favell Drive, Milton Keynes within a radius of 101m over the last 2 years.
The most recent example is 4, Grasscroft, Milton Keynes, MK4 1AS, a Freehold house which sold for £320,000 in Jan 2022.
Read more about house prices in MK4.
Favell Drive, Furzton, Milton Keynes, MK4 has a total of 172 addresses. According to our analysis of all the public data, 7, Favell Drive, Milton Keynes is the 48th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £33k more expensive than the average property in MK4.
The closest station to 7, Favell Drive, Milton Keynes is Bletchley station which is 2.2 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Favell Drive, Milton Keynes, 32.0% of property is privately owned with a mortgage and 28.7% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7, Favell Drive, Milton Keynes, 17.5% of residents are recorded as possessing school level qualifications and 27.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 7, Favell Drive, Milton Keynes, the average age was 39 and the most common age was 42.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7, Favell Drive, Milton Keynes, 0.3% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7, Favell Drive, Milton Keynes, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.