4 Bed Terraced House, Single Let, London, SW1P 3AN, £11,950,000

The Gainsborough, Millbank, Westminster, London, SW1P 3ANP, United Kingdom - 5 months ago

Leasehold

BTL

~421 m²

+1 photos

ValuationOvervalued

Sold Prices	£775K - £7.8M
Sold Prices/m²	£7.8K/m² - £19.8K/m²

Square Metres	~421 m²
Price/m²	£28.4K/m²
Value Estimate	£5,593,286£5,593,286

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£2,987,500£2,987,500
Stamp Duty & Legal Fees	£1,704,950£1,704,950
Total Cash In	£4,692,450£4,692,450

Cash Out
Rent Range	£3,878 - £65,000£3,878 - £65,000
Rent Estimate	£4,225
Running Costs/mo	£38,209£38,209
Cashflow/mo	£-33,984£-33,984
Cashflow/yr	£-407,805£-407,805
Gross Yield	0%0%

Local Sold Prices

37 sold prices from £775K to £7.8M, average is £2.2M. £7.8K/m² to £19.8K/m², average is £13.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£3.9M	06/21	0.07 mi	17, Old Queen Street, London, Greater London SW1H 9JA	£16,041	245	4	Terraced House
£3.8M	01/24	0.09 mi	21, Old Queen Street, London, Greater London SW1H 9JA	£15,178	253	4	Terraced House
£4.0M	06/21	0.09 mi	17, Old Queen Street, London, Greater London SW1H 9JA	£16,122	245	4	Terraced House
£2.9M	06/21	0.5 mi	36, Catherine Place, London, Greater London SW1E 6HL	£13,902	205	4	Terraced House
£1.9M	09/22	0.52 mi	1, Maunsel Street, London, Greater London SW1P 2QL	£13,214	140	4	Terraced House
£2.5M	07/23	0.57 mi	53, Greencoat Place, London, Greater London SW1P 1DS	-	-	4	Terraced House
£1.6M	10/21	0.79 mi	32, Longmoore Street, London, Greater London SW1V 1JF	£15,974	103	4	Terraced House
£1.7M	03/21	0.79 mi	23, Longmoore Street, London, Greater London SW1V 1JQ	£11,655	148	4	Terraced House
£1.9M	04/22	0.8 mi	34, Ponsonby Terrace, London, Greater London SW1P 4QA	£12,925	147	4	Terraced House
£2.0M	10/22	0.8 mi	17, Guildhouse Street, London, Greater London SW1V 1JB	£11,033	184	4	Terraced House
£2.0M	06/23	0.8 mi	20, Ponsonby Terrace, London, Greater London SW1P 4QA	-	-	4	Terraced House
£2.0M	06/23	0.8 mi	20, Ponsonby Terrace, London, Greater London SW1P 4QA	-	-	4	Terraced House
£1.8M	01/22	0.81 mi	25, Ponsonby Terrace, London, Greater London SW1P 4PZ	£10,227	176	4	Terraced House
£2.3M	01/23	0.83 mi	114, Tachbrook Street, London, Greater London SW1V 2ND	£10,654	214	4	Terraced House
£2.2M	06/23	0.83 mi	108, Tachbrook Street, London, Greater London SW1V 2ND	-	-	4	Terraced House
£2.3M	10/23	0.83 mi	130, Tachbrook Street, London, Greater London SW1V 2ND	£12,707	181	4	Terraced House
£775K	08/23	0.84 mi	18, Oakey Lane, London, Greater London SE1 7HL	£7,828	99	4	Terraced House
£4.2M	11/22	0.85 mi	5, Grosvenor Gardens Mews North, London, Greater London SW1W 0JP	£17,573	239	4	Terraced House
£1.1M	12/20	0.86 mi	23, King Edward Walk, London, Greater London SE1 7PR	£9,130	115	4	Terraced House
£4.5M	02/22	0.88 mi	51, Beak Street, London, Greater London W1F 9SG	£15,875	287	4	Terraced House
£2.8M	06/23	0.88 mi	1, Clarendon Street, London, Greater London SW1V 2EH	£14,683	189	4	Terraced House
£2.5M	06/22	0.89 mi	4, Lindsay Square, London, Greater London SW1V 3SB	£13,398	187	4	Terraced House
£1.6M	05/23	0.89 mi	45, Lower Belgrave Street, London, Greater London SW1W 0LS	-	-	4	Terraced House
£2.0M	06/22	0.89 mi	64, Eccleston Square Mews, London, Greater London SW1V 1QN	£14,748	139	4	Terraced House
£2.4M	12/22	0.89 mi	50, Charlwood Street, London, Greater London SW1V 2DS	£13,324	182	4	Terraced House
£1.8M	09/23	0.89 mi	126, Kennington Road, London, Greater London SE11 6RE	-	-	4	Terraced House
£3.2M	05/21	0.9 mi	16, Moreton Place, London, Greater London SW1V 2NP	£13,431	239	4	Terraced House
£2.1M	11/22	0.9 mi	22, Lindsay Square, London, Greater London SW1V 3SB	-	-	4	Terraced House
£2.3M	02/24	0.9 mi	10, Lindsay Square, London, Greater London SW1V 3SB	£11,207	203	4	Terraced House
£7.8M	11/22	0.94 mi	12, Chesterfield Street, London, Greater London W1J 5JN	-	-	4	Terraced House
£3.9M	09/22	0.94 mi	7, Headfort Place, London, Greater London SW1X 7DE	£19,250	200	4	Terraced House
£1.7M	08/22	0.94 mi	156, Kennington Road, London, Greater London SE11 6QR	£10,591	161	4	Terraced House
£3.6M	02/22	0.97 mi	3, Montrose Place, London, Greater London SW1X 7DU	£17,649	204	4	Terraced House
£1.3M	05/22	0.98 mi	69, Walcot Square, London, Greater London SE11 4UB	£12,381	105	4	Terraced House
£2.6M	09/21	1 mi	21, Cambridge Street, London, Greater London SW1V 4PR	£19,809	134	4	Terraced House
£1.4M	03/21	1 mi	40, Walcot Square, London, Greater London SE11 4TZ	£9,272	151	4	Terraced House
£2.0M	06/22	1 mi	31, St Marys Gardens, London, Greater London SE11 4UF	£11,834	169	4	Terraced House

Local Rents

50 rents from £3.9K/mo to £65K/mo, average is £8K/mo.

Rent	Date	Distance	Address	Beds	Type
£8,000	09/24	0 mi	Millbank Westminster SW1P	3	Flat
£4,225	09/24	0.07 mi	Brunswick House, 2 Matthew Parker Street, SW1H	3	Flat
£4,225	09/24	0.08 mi	Matthew Parker Street London SW1H	3	Flat
£4,225	09/24	0.08 mi	Matthew Parker Street, Westminster, London, SW1H	3	Flat
£4,767	09/24	0.08 mi	Central Building, 3 Matthew Parker Street, Westminster, London, SW1H	3	Flat
£65,000	09/24	0.09 mi	Old Queen Street, St James's, London, SW1H	5	Terraced House
£9,555	06/24	0.2 mi	Park Road, London	4	Flat
£45,002	09/24	0.21 mi	Broadway, Central London, Westminster, SW1H	3	Flat
£7,300	09/24	0.25 mi	9 Millbank, London	3	Flat
£8,667	09/24	0.27 mi	Westminster Mansions, Great Smith Street, London	3	Flat
£8,667	09/24	0.27 mi	Westminster Mansions, Great Smith Street, SW1P	3	Flat
£8,667	09/24	0.29 mi	Great Smith Street, Westminster, London, SW1P	4	Flat
£10,000	09/24	0.29 mi	Apartment 703, Victoria Street, London	3	Flat
£21,000	09/24	0.29 mi	Apartment 801, Victoria Street, London	4	Flat
£20,999	09/24	0.29 mi	Victoria Street, St James's Park, Westminster, London, SW1H	4	Flat
£12,350	09/24	0.29 mi	Victoria Street, St James's Park, Westminster, London, SW1H	3	Flat
£5,633	09/24	0.29 mi	Great Peter Street, Westminster	3	Flat
£12,000	09/24	0.32 mi	Millbank, London, SW1P	3	Flat
£9,000	09/24	0.32 mi	9 Millbank Residence, London	3	Flat
£6,000	09/24	0.33 mi	Ashley House, 3 Monck Street, SW1P	3	Flat
£8,395	09/24	0.33 mi	Ashley House, Westminster Quarter, SW1P	3	Flat
£6,500	09/24	0.34 mi	Ashley House, Westminster, SW1P	3	Flat
£7,995	09/24	0.34 mi	Monck Street, London, SW1P	3	Flat
£8,000	09/24	0.34 mi	Monck Street London SW1P	3	Flat
£6,500	09/24	0.35 mi	75 Victoria Street, Victoria, Victoria, SW1H	3	Flat
£5,179	09/24	0.35 mi	Cavendish House, 31 Monck Street, Westminster, London, SW1P	3	Flat
£5,299	01/25	0.35 mi	-	3	Flat
£4,000	04/25	0.36 mi	-	3	Flat
£5,135	09/24	0.37 mi	Monck Street London SW1P	3	Flat
£8,883	09/24	0.37 mi	Buckingham Gate Westminster SW1E	3	Flat
£5,500	03/25	0.38 mi	-	4	Flat
£6,000	04/25	0.38 mi	-	4	Flat
£6,500	09/24	0.38 mi	Victoria Street, London, SW1H	3	Flat
£3,878	09/24	0.38 mi	Victoria Street, Westminster, SW1H	3	Flat
£5,850	09/24	0.38 mi	Ashley House, Monck Street, Westminster, London, SW1P	3	Flat
£5,995	09/24	0.38 mi	Artillery Mansions, 75 Victoria Street, London, SW1H	3	Flat
£32,500	09/24	0.39 mi	Corinthia Residences, Whitehall Place, London, SW1A	3	Flat
£32,500	09/24	0.39 mi	Corinthia Residences, Whitehall Place, London, SW1A	3	Flat
£32,500	09/24	0.39 mi	Corinthia Residences, Whitehall Place, London, SW1A	3	Flat
£30,333	09/24	0.4 mi	Corinthia Residences, Whitehall Place, SW1	3	Flat
£39,000	09/24	0.4 mi	10 Whitehall Place, London, SW1A	3	Flat
£4,117	09/24	0.4 mi	Monck Street, Westminster, London, SW1P 2AJ	3	Flat
£8,000	09/24	0.41 mi	Ashley House, 3 Monck Street, SW1P	3	Flat
£7,000	04/25	0.42 mi	-	3	Flat
£5,633	09/24	0.42 mi	8 Artillery Row, London, SW1P	3	Flat
£19,500	10/24	0.42 mi	Prince of Wales Terrace, London, WC2N	3	Flat
£12,000	09/24	0.42 mi	9 Millbank, London, SW1P 3AN	3	Flat
£9,000	09/24	0.42 mi	9 Millbank, London, SW1P 3AN	3	Flat
£8,450	09/24	0.43 mi	Horseferry Road, Westminster88 Horseferry Road, SW1P	5	Terraced House
£8,450	09/24	0.43 mi	Horseferry Road, Westminster, London, SW1P	4	Terraced House

Local Area Statistics

Population in SW1	52,47852,478
Town centre distance	2.12 miles away2.12 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.17 miles away0.17 miles away

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

Property History

Listed for £11,950,000

December 11, 2024

Floor Plans

Description

Central A/C & Heating +
Shared Pool +
Shared Spa +
Shared Gym +
Security +
Concierge Service +
Terrace +
Lift +
Marble Finishings +
Wooden Floors +

The Gainsborough is an exquisite four-bedroom penthouse in a Grade II-listed 1920s building set on the banks of the River Thames. Meticulously designed, this exceptional home seamlessly merges the wonderfully preserved original period features with exceptional design and modern amenities.

Unfolding across the sixth and seventh levels of the building, this masterpiece retains its original plasterwork and wooden panelling. The vast living and dining space takes up the majority of the sixth floor; here, expansive windows frame breathtaking Thames views, bathing the space in natural light. The kitchen has high-end Gaggenau appliances and sleek units, which contrast with the original wood panelling; the kitchen also encompasses a large dining space.

The master bedroom has beautiful panelling and intricate cornicing, complemented by a walk-in wardrobe and a large ensuite bathroom finished in marble. Three further vast ensuite bedrooms have been beautifully designed; a second guest bedroom also has a walk-in wardrobe. A utility room completes this floor.

The main reception room is flanked by a long terrace crafted from Portland stone. Punctuated by neoclassical columns, the striking space has uninterrupted views of the river and the Houses of Parliament. At one end, a historic sculpture by Charles Sargeant Jagger, titled ‘Chemistry’ is a beautiful nod to the building’s history.

The building is set around a landscaped courtyard, which is a quiet oasis in the heart of the city. The Millbank development has fantastic amenities, including a pool, spa, fully equipped gym, cinema room, and full concierge service. The penthouse is in the heart of Westminster, near London’s most iconic landmarks and a short walk from some of the city’s best restaurants and shopping. It is also close to excellent transport links.

Agent Details

United Kingdom Sotheby's International Realty (GPM Principal Branch), Mayfair

020 3835 2136

Next Steps?

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