3 Bed Flat, Single Let, London, SW1P 3AN, £3,400,000

Millbank Residences London SW1P 3ANP - 3 months ago

Leasehold

BTL

~104 m²

+17 photos

ValuationOvervalued

Sold Prices	£280K - £17.0M
Sold Prices/m²	£8.5K/m² - £34.5K/m²

Square Metres	~104.24 m²
Price/m²	£32.6K/m²
Value Estimate	£1,394,083£1,394,083

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£850,000£850,000
Stamp Duty & Legal Fees	£422,450£422,450
Total Cash In	£1,272,450£1,272,450

Cash Out
Rent Range	£2,600 - £45,002£2,600 - £45,002
Rent Estimate	£3,878
Running Costs/mo	£11,421£11,421
Cashflow/mo	£-7,543£-7,543
Cashflow/yr	£-90,511£-90,511
Gross Yield	1%1%

Local Sold Prices

42 sold prices from £280K to £17.0M, average is £1.0M. £8.5K/m² to £34.5K/m², average is £14K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.4M	10/23	0.27 mi	Flat 32, Westminster Mansions, Great Smith Street, London, Greater London SW1P 3BP	-	-	3	Flat
£1.1M	09/23	0.42 mi	Flat 2, Octavia House, Medway Street, London, Greater London SW1P 2TA	-	-	3	Flat
£17.0M	12/22	0.45 mi	Penthouse Flat, 68, Pall Mall, London, Greater London SW1Y 5ES	-	-	3	Flat
£860K	02/23	0.47 mi	Apartment 616, West Block, Forum Magnum Square, London, Greater London SE1 7GL	-	-	3	Flat
£525K	08/23	0.47 mi	Flat 4, Edric House, Page Street, London, Greater London SW1P 4ER	-	-	3	Flat
£610K	12/22	0.48 mi	Flat 18, Bennett House, Page Street, London, Greater London SW1P 4ET	£8,472	72	3	Flat
£7.7M	09/23	0.51 mi	1, Russell Court, London, Greater London SW1A 1DA	£34,459	222	3	Flat
£600K	01/23	0.52 mi	Flat 60, Tothill House, Page Street, London, Greater London SW1P 4DH	-	-	3	Flat
£1.3M	11/23	0.55 mi	Flat 65, Westminster Gardens, Marsham Street, London, Greater London SW1P 4JG	-	-	3	Flat
£772.5K	10/21	0.59 mi	Flat 1, Reynolds House, Erasmus Street, London, Greater London SW1P 4HP	-	-	3	Flat
£1.7M	10/23	0.6 mi	Flat 62, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	3	Flat
£880K	03/23	0.62 mi	Flat 7, Millais House, Marsham Street, London, Greater London SW1P 4JN	-	-	3	Flat
£975K	10/23	0.63 mi	Flat 16, Rosscourt Mansions, Buckingham Palace Road, London, Greater London SW1W 0PR	-	-	3	Flat
£1.0M	08/23	0.63 mi	Flat 17, Rosscourt Mansions, Buckingham Palace Road, London, Greater London SW1W 0PR	-	-	3	Flat
£900K	01/23	0.63 mi	Flat 12, Rosscourt Mansions, Buckingham Palace Road, London, Greater London SW1W 0PR	-	-	3	Flat
£932K	05/23	0.64 mi	Flat 48, Ruskin House, Erasmus Street, London, Greater London SW1P 4HU	-	-	3	Flat
£1.0M	03/21	0.65 mi	Flat 15, Tounson Court, Montaigne Close, London, Greater London SW1P 4AQ	-	-	3	Flat
£1.7M	01/23	0.65 mi	Flat 8, Carlisle Mansions, Carlisle Place, London, Greater London SW1P 1HX	-	-	3	Flat
£990K	09/23	0.65 mi	Flat 8, Tounson Court, Montaigne Close, London, Greater London SW1P 4AQ	-	-	3	Flat
£1.1M	06/21	0.66 mi	Flat 2, Evelyn Mansions, Carlisle Place, London, Greater London SW1P 1NH	-	-	3	Flat
£972.5K	10/23	0.66 mi	Flat 11, Vincent Square Mansions, Walcott Street, London, Greater London SW1P 2NT	-	-	3	Flat
£2.5M	04/21	0.66 mi	Flat 71, Carlisle Mansions, Carlisle Place, London, Greater London SW1P 1HZ	-	-	3	Flat
£1.5M	09/23	0.69 mi	Flat 11, St Augustines Mansions, Bloomburg Street, London, Greater London SW1V 2RG	-	-	3	Flat
£870K	09/21	0.7 mi	Flat 39, Turner House, Erasmus Street, London, Greater London SW1P 4DZ	-	-	3	Flat
£765K	04/21	0.7 mi	Flat 15, Leighton House, John Islip Street, London, Greater London SW1P 4EA	-	-	3	Flat
£759.4K	04/23	0.71 mi	Flat 17, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	3	Flat
£1.4M	12/20	0.72 mi	28, Victoria Square, London, Greater London SW1W 0RB	£13,374	103	3	Flat
£475K	07/23	0.74 mi	Flat 20, Ferrybridge House, Lambeth Road, London, Greater London SE11 6NB	-	-	3	Flat
£799K	12/22	0.77 mi	Flat 8, Repton House, Charlwood Street, London, Greater London SW1V 2LD	-	-	3	Flat
£750K	03/21	0.77 mi	Flat 12, Repton House, Charlwood Street, London, Greater London SW1V 2LD	-	-	3	Flat
£885K	01/21	0.8 mi	Flat 3, Forsyth House, Tachbrook Street, London, Greater London SW1V 2LE	-	-	3	Flat
£495K	02/21	0.84 mi	Flat 54, Greet House, Frazier Street, London, Greater London SE1 7BB	-	-	3	Flat
£1.4M	05/23	0.86 mi	Flat K, 59, Warwick Square, London, Greater London SW1V 2AL	£18,133	75	3	Flat
£565K	11/21	0.86 mi	Flat 12, Amigo House, Morley Street, London, Greater London SE1 7QE	-	-	3	Flat
£1.1M	06/21	0.86 mi	70a, Warwick Way, London, Greater London SW1V 1RZ	£10,062	113	3	Flat
£1.1M	02/21	0.87 mi	Flat D, 9, Warwick Square, London, Greater London SW1V 2AA	£14,658	73	3	Flat
£3.4M	07/23	0.92 mi	5, Market Mews, London, Greater London W1J 7BY	£26,537	127	3	Flat
£280K	01/23	0.96 mi	Flat 37, Elkington Point, Lollard Street, London, Greater London SE11 6UG	-	-	3	Flat
£1.6M	07/22	0.96 mi	27a, St Annes Court, London, Greater London W1F 0BN	-	-	3	Flat
£2.3M	06/23	0.98 mi	26, Eccleston Mews, London, Greater London SW1X 8AG	-	-	3	Flat
£1.1M	06/21	0.99 mi	15a, St Georges Drive, London, Greater London SW1V 4DJ	£9,813	107	3	Flat
£2.6M	02/21	0.99 mi	Flat 71, Chesterfield House, Chesterfield Gardens, London, Greater London W1J 5JX	-	-	3	Flat

Local Rents

50 rents from £2.6K/mo to £45K/mo, average is £7.2K/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
£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
£10,000	09/24	0.29 mi	Apartment 703, Victoria Street, London	3	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
£4,300	03/25	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
£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
£2,600	08/24	0.43 mi	-	3	Flat
£3,904	08/24	0.43 mi	-	3	Flat
£6,500	09/24	0.43 mi	-	3	Flat
£10,000	10/24	0.43 mi	Campden Hill Gate, Kensington, W8	3	Flat
£3,200	03/24	0.43 mi	Roman Road, E2	3	Flat
£8,333	09/24	0.44 mi	-	3	Flat
£7,852	09/24	0.44 mi	Millbank, London	3	Flat
£3,835	11/24	0.44 mi	-	3	Flat
£6,933	10/24	0.45 mi	-	3	Flat

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 £3,400,000

January 6, 2025

Floor Plans

Description

3 Bedrooms +
2 Bathrooms +
Full length balcony +
Courtyard view +
24 Hour concierge +
Approx. 1,122 sq ft (104.24 sq m) +
Gym +
Swimming pool +
Spa with sauna and steam room +
Private cinema screening room +

This luxury 3 bedroom apartment is set over approx 1,122 Sq ft and has been meticulously interior designed to the highest standard.

The apartment comprises of a spacious open plan reception with dining area and fully fitted kitchen, full length private balcony, Master bedroom bedroom with built in wardrobes and en suite bathroom, two further double bedrooms one with fitted wardrobes and each with balcony access, luxury shower room, excellent storage.

Further benefits include underfloor heating, comfort cooling and engineered timber flooring.

The highly anticipated 9 Millbank, developed by Berkley Homes blends the deep history of the 1920s Grade II ‘Imperial Chemical House’ with a newly designed purpose built quarter offering exclusive, contemporary living for its residents.

Residents benefit from the highest quality leisure facilities, including a 24-hour concierge, a state-of-the-art gym, luxurious swimming pool with spa and treatment room, private cinema screening room, meeting rooms.

Living in Westminster also puts you within walking distance of three Royal Parks, upscale shopping at Knightsbridge, Mayfair's Michelin-starred restaurants and the theatres of the West End. Millbank itself is a world-renowned centre of art, home of the Tate Britain gallery and Chelsea College of Art and Design. Nearby educational institutions include the historic Westminster School and Francis Holland School, Imperial College London, King's College London and the London School of Economics. Westminster Station is only a mere 0.5 mile walk with St James’s Park 0.6 miles away and Pimlico station 0.7 miles. To check broadband and mobile phone coverage please visit Ofcom here ofcom.org.uk/phones-telecoms-and-internet/advice-for-consumers/advice/ofcom-checker

Agent Details

JLL, Mayfair

020 8175 1587

Next Steps?

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