2 Bed Flat, Single Let, SW1P 3AN, £2,200,000

9 Millbank, Westminster, SW1P, SW1P 3AN - 3 views - 8 months ago

Leasehold

BTL

~90 m²

+18 photos

ValuationOvervalued

Sold Prices	£415K - £1.5M
Sold Prices/m²	£9.6K/m² - £12.6K/m²

Square Metres	~89.80 m²
Price/m²	£24.5K/m²
Value Estimate	£1,129,303£1,129,303

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£550,000£550,000
Stamp Duty & Legal Fees	£242,450£242,450
Total Cash In	£792,450£792,450

Cash Out
Rent Range	£2,800 - £8,498£2,800 - £8,498
Rent Estimate	£2,871
Running Costs/mo	£7,469£7,469
Cashflow/mo	£-4,598£-4,598
Cashflow/yr	£-55,178£-55,178
Gross Yield	2%2%

Local Sold Prices

51 sold prices from £415K to £1.5M, average is £662.5K. £9.6K/m² to £12.6K/m², average is £12.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£755K	12/22	0.14 mi	Flat 23, Tufton Court, Tufton Street, London, Greater London SW1P 3QH	-	-	2	Flat
£850K	12/20	0.15 mi	Flat 2, Tufton Court, Tufton Street, London, Greater London SW1P 3QH	-	-	2	Flat
£1.3M	01/24	0.19 mi	Westminster Gardens, Flat 12, Marsham Street, London, Greater London SW1P 4JA	£12,619	105	2	Flat
£596K	04/23	0.19 mi	Flat 67, Bennett House, Page Street, London, Greater London SW1P 4EU	-	-	2	Flat
£530K	04/23	0.19 mi	Flat 36, Bennett House, Page Street, London, Greater London SW1P 4ET	-	-	2	Flat
£1.4M	06/23	0.2 mi	Flat 47, Westminster Gardens, Marsham Street, London, Greater London SW1P 4JG	-	-	2	Flat
£720K	12/22	0.22 mi	Flat 15, Morland House, Marsham Street, London, Greater London SW1P 4JQ	-	-	2	Flat
£495K	10/20	0.23 mi	Flat 29, Edric House, Page Street, London, Greater London SW1P 4ER	-	-	2	Flat
£700K	01/23	0.28 mi	Flat 49, Ormond House, Medway Street, London, Greater London SW1P 2TB	-	-	2	Flat
£725K	06/21	0.28 mi	Flat 3, Ormond House, Medway Street, London, Greater London SW1P 2TB	-	-	2	Flat
£580K	01/21	0.28 mi	Flat 48, Jessel House, Page Street, London, Greater London SW1P 4BH	-	-	2	Flat
£530K	04/21	0.28 mi	Flat 35, Jessel House, Page Street, London, Greater London SW1P 4BH	-	-	2	Flat
£650K	11/21	0.28 mi	Flat 8, Vincent House, Regency Street, London, Greater London SW1P 4BX	-	-	2	Flat
£720K	05/21	0.29 mi	Flat 11, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£637.5K	01/21	0.29 mi	Flat 19, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£645K	06/23	0.29 mi	Flat 27, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£662.5K	07/23	0.29 mi	Flat 14, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£662.5K	07/23	0.29 mi	Flat 14, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£1.1M	06/21	0.29 mi	Flat 57, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£780K	09/23	0.29 mi	Flat 40, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£575K	06/21	0.3 mi	Flat 27, Probyn House, Page Street, London, Greater London SW1P 4BG	£9,583	60	2	Flat
£460K	01/23	0.3 mi	Flat 26, Gabriel House, Old Paradise Street, London, Greater London SE11 6AL	-	-	2	Flat
£513.5K	03/21	0.3 mi	Flat 34, Norfolk House, Regency Street, London, Greater London SW1P 4BD	-	-	2	Flat
£513.5K	03/21	0.3 mi	Flat 34, Norfolk House, Regency Street, London, Greater London SW1P 4BD	-	-	2	Flat
£520K	04/21	0.3 mi	Flat 52, Norfolk House, Regency Street, London, Greater London SW1P 4BD	-	-	2	Flat
£860K	08/23	0.31 mi	Flat 1, Dolben Court, Montaigne Close, London, Greater London SW1P 4BB	-	-	2	Flat
£695K	06/21	0.34 mi	Flat 44, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£665K	12/22	0.34 mi	Flat 5, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£725K	06/23	0.34 mi	Flat 50, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£660K	11/23	0.34 mi	Flat 8, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£940K	08/21	0.34 mi	Flat 16, Tounson Court, Montaigne Close, London, Greater London SW1P 4AQ	-	-	2	Flat
£712.5K	11/20	0.36 mi	Flat 6, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	2	Flat
£710K	03/21	0.36 mi	Flat 3, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	2	Flat
£800K	01/23	0.39 mi	Flat 36, Lawrence House, Cureton Street, London, Greater London SW1P 4ED	-	-	2	Flat
£645K	06/21	0.39 mi	Flat 9, Middleton House, Causton Street, London, Greater London SW1P 4AS	-	-	2	Flat
£1.0M	03/21	0.4 mi	Flat 73, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£1.1M	06/21	0.4 mi	Flat 77, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£435K	06/21	0.41 mi	Flat 7, Arden House, Black Prince Road, London, Greater London SE11 5QH	-	-	2	Flat
£1.1M	06/21	0.41 mi	Flat 77, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£1.2M	03/21	0.42 mi	Flat 17a, Vincent House, Vincent Square, London, Greater London SW1P 2NB	-	-	2	Flat
£1.5M	09/21	0.43 mi	Flat 113, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HX	-	-	2	Flat
£810K	05/23	0.47 mi	Flat 9, Christchurch House, Caxton Street, London, Greater London SW1H 0PX	-	-	2	Flat
£450K	12/20	0.48 mi	Flat 11, Mountain House, Tyers Street, London, Greater London SE11 5NN	-	-	2	Flat
£450K	10/20	0.48 mi	Flat 17, Mountain House, Tyers Street, London, Greater London SE11 5NN	-	-	2	Flat
£500K	04/21	0.48 mi	Flat 52, Mountain House, Tyers Street, London, Greater London SE11 5NW	-	-	2	Flat
£830K	03/21	0.5 mi	55c, Greencoat Place, London, Greater London SW1P 1DS	£12,576	66	2	Flat
£455K	05/21	0.5 mi	Flat 43, Arrowsmith House, Tyers Street, London, Greater London SE11 5HB	-	-	2	Flat
£570K	06/23	0.52 mi	Flat 2, Albany Court, Palmer Street, London, Greater London SW1H 0AA	-	-	2	Flat
£468K	12/21	0.53 mi	Flat 60, Arne House, Tyers Street, London, Greater London SE11 5EZ	-	-	2	Flat
£540K	03/23	0.53 mi	Flat 34, Henry Wise House, Vauxhall Bridge Road, London, Greater London SW1V 2SU	-	-	2	Flat
£415K	02/23	0.55 mi	Flat 31, Darley House, Laud Street, London, Greater London SE11 5HW	-	-	2	Flat

Local Rents

50 rents from £2.8K/mo to £8.5K/mo, average is £5.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£7,500	10/24	0.01 mi	-	2	Flat
£7,500	11/24	0.01 mi	-	2	Flat
£6,999	11/24	0.01 mi	-	2	Flat
£6,999	11/24	0.01 mi	-	2	Flat
£6,999	11/24	0.01 mi	-	2	Flat
£6,500	12/24	0.01 mi	-	2	Flat
£7,000	12/24	0.01 mi	-	2	Flat
£7,000	12/24	0.01 mi	-	2	Flat
£7,000	01/25	0.01 mi	-	2	Flat
£5,417	09/24	0.01 mi	Millbank, Westminster, SW1P	2	Flat
£5,750	09/24	0.01 mi	-	2	Flat
£8,498	09/24	0.01 mi	Millbank, SW1P	2	Flat
£8,000	09/24	0.02 mi	Millbank, London, SW1P	2	Flat
£6,750	09/24	0.03 mi	9 Millbank, London, SW1P	2	Flat
£6,740	09/24	0.03 mi	Millbank, London, SW1P	2	Flat
£4,333	09/24	0.06 mi	Westminster Green, 8 Dean Ryle Street, Westminster, London, SW1P	2	Flat
£3,575	09/24	0.07 mi	Westminster Green, 8 Dean Ryle Street, London, SW1P	2	Flat
£3,250	09/24	0.08 mi	Dean Ryle Street, London, SW1P	2	Flat
£3,250	09/24	0.08 mi	Westminster Green, 8 Dean Ryle Street, Westminster, London, SW1P	2	Flat
£6,000	09/24	0.08 mi	Westminster Green, Dean Ryle Street, London, SW1P	2	Flat
£3,575	09/24	0.09 mi	Westminster Green, Dean Ryle Street, London, SW1P	2	Flat
£6,045	09/24	0.1 mi	Cleland House, 32 John Islip Street, Westminster, SW1P	2	Flat
£6,478	09/24	0.1 mi	32 John Islip Street, London, SW1P	2	Flat
£5,993	09/24	0.11 mi	Cleland House, 32 John Islip Street, Westminster, London, SW1P	2	Flat
£8,000	09/24	0.12 mi	Millbank, London, SW1P	2	Flat
£3,500	04/25	0.14 mi	-	2	Flat
£3,250	09/24	0.14 mi	Marsham Street, London, SW1P	2	Flat
£2,925	09/24	0.14 mi	Romney House, Marsham Street, Westminster	2	Flat
£3,878	09/24	0.14 mi	St Johns Building, 79 Marsham Street, Westminster, London, SW1P	2	Flat
£4,850	04/25	0.14 mi	-	2	Flat
£4,745	09/24	0.15 mi	Abell House, John Islip Street, Westminster, London, SW1P	2	Flat
£3,142	09/24	0.15 mi	Romney House, 47 Marsham Street, LONDON, SW1P	2	Flat
£4,333	09/24	0.15 mi	Romney House, 47 Marsham Street, Westminster, London, SW1P	2	Flat
£3,142	09/24	0.15 mi	Romney House, Marsham Street, Westminster, London SW1P	2	Flat
£4,745	09/24	0.15 mi	John Islip Street, Westminster, London, SW1P	2	Flat
£2,817	09/24	0.15 mi	48 Tufton Street, Westminster, London, SW1P	2	Flat
£5,633	09/24	0.15 mi	Great Peter Street London SW1P	2	Flat
£5,633	09/24	0.15 mi	-	2	Flat
£6,933	09/24	0.15 mi	-	2	Flat
£2,800	02/24	0.15 mi	-	2	Flat
£3,250	09/24	0.15 mi	Romney House, 47 Marsham Street, Westminster, London SW1P	2	Flat
£3,250	03/25	0.15 mi	-	2	Flat
£3,200	11/24	0.16 mi	-	2	Flat
£3,300	09/24	0.16 mi	-	2	Flat
£3,500	09/24	0.16 mi	-	2	Flat
£5,633	09/24	0.16 mi	35 Great Peter Street, Westminster, London	2	Flat
£3,500	09/24	0.16 mi	Page Street, London, SW1P	2	Flat
£4,000	04/25	0.16 mi	-	2	Flat
£5,633	09/24	0.16 mi	Great Peter Street, Westminster, London, SW1P	2	Flat
£3,683	09/24	0.17 mi	Altayyar House, 102 Marsham Street, Westminster, London, SW1P	2	Flat

Local Area Statistics

Population in SW1	52,47852,478
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.41 miles away0.41 miles away

Rental demand	Landlord's marketLandlord's market
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-21%-21%

Property History

Price changed to £2,200,000

December 19, 2024

Listed for £2,250,000

August 15, 2024

Floor Plans

Description

Restored Period Features +
967 sq. Ft* of internal space +
2nd Floor +
High ceiling +
Underfloor Heating +
Comfort Cooling +
5 Star Resident Facilities +
24h Concierge +

9 Millbank is a sought after address offering easy access to Westminster and the riverside walkways leading along The River Thames. For Shopping Victoria and Belgravia are within walking distance.

Please see details for a rare 2 bedroom arranged on the 2nd floor, this incredibly spacious unit boasts high ceilings throughout overlooking the beautiful internal courtyard. The development offers a communal garden and 24 hour concierge and 5 star resident facilities.

Agent Details

Fraser & Co New Homes, London

020 3879 8004

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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