3 Bed Flat, Single Let, SW1P 3GE, £3,120,000

Millbank, London, SW1P 3GEP - 3 months ago

Leasehold

BTL

~93 m²

+10 photos

ValuationOvervalued

Sold Prices	£280K - £17.0M
Sold Prices/m²	£4.2K/m² - £34.5K/m²

Square Metres	~93 m²
Price/m²	£33.5K/m²
Value Estimate	£1,089,762£1,089,762

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£780,000£780,000
Stamp Duty & Legal Fees	£380,450£380,450
Total Cash In	£1,160,450£1,160,450

Cash Out
Rent Range	£3,878 - £45,002£3,878 - £45,002
Rent Estimate	£4,225
Running Costs/mo	£10,615£10,615
Cashflow/mo	£-6,390£-6,390
Cashflow/yr	£-76,680£-76,680
Gross Yield	2%2%

Local Sold Prices

50 sold prices from £280K to £17.0M, average is £875K. £4.2K/m² to £34.5K/m², average is £11.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.4M	10/23	0.04 mi	Flat 32, Westminster Mansions, Great Smith Street, London, Greater London SW1P 3BP	-	-	3	Flat
£1.1M	09/23	0.23 mi	Flat 2, Octavia House, Medway Street, London, Greater London SW1P 2TA	-	-	3	Flat
£610K	12/22	0.24 mi	Flat 18, Bennett House, Page Street, London, Greater London SW1P 4ET	£8,472	72	3	Flat
£525K	08/23	0.24 mi	Flat 4, Edric House, Page Street, London, Greater London SW1P 4ER	-	-	3	Flat
£600K	01/23	0.29 mi	Flat 60, Tothill House, Page Street, London, Greater London SW1P 4DH	-	-	3	Flat
£1.3M	11/23	0.3 mi	Flat 65, Westminster Gardens, Marsham Street, London, Greater London SW1P 4JG	-	-	3	Flat
£772.5K	10/21	0.34 mi	Flat 1, Reynolds House, Erasmus Street, London, Greater London SW1P 4HP	-	-	3	Flat
£1.7M	10/23	0.36 mi	Flat 62, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	3	Flat
£880K	03/23	0.37 mi	Flat 7, Millais House, Marsham Street, London, Greater London SW1P 4JN	-	-	3	Flat
£932K	05/23	0.39 mi	Flat 48, Ruskin House, Erasmus Street, London, Greater London SW1P 4HU	-	-	3	Flat
£1.0M	03/21	0.41 mi	Flat 15, Tounson Court, Montaigne Close, London, Greater London SW1P 4AQ	-	-	3	Flat
£990K	09/23	0.42 mi	Flat 8, Tounson Court, Montaigne Close, London, Greater London SW1P 4AQ	-	-	3	Flat
£870K	09/21	0.45 mi	Flat 39, Turner House, Erasmus Street, London, Greater London SW1P 4DZ	-	-	3	Flat
£765K	04/21	0.46 mi	Flat 15, Leighton House, John Islip Street, London, Greater London SW1P 4EA	-	-	3	Flat
£759.4K	04/23	0.46 mi	Flat 17, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	3	Flat
£972.5K	10/23	0.49 mi	Flat 11, Vincent Square Mansions, Walcott Street, London, Greater London SW1P 2NT	-	-	3	Flat
£1.5M	09/23	0.51 mi	Flat 11, St Augustines Mansions, Bloomburg Street, London, Greater London SW1V 2RG	-	-	3	Flat
£860K	02/23	0.53 mi	Apartment 616, West Block, Forum Magnum Square, London, Greater London SE1 7GL	-	-	3	Flat
£1.7M	01/23	0.56 mi	Flat 8, Carlisle Mansions, Carlisle Place, London, Greater London SW1P 1HX	-	-	3	Flat
£2.5M	04/21	0.57 mi	Flat 71, Carlisle Mansions, Carlisle Place, London, Greater London SW1P 1HZ	-	-	3	Flat
£799K	12/22	0.58 mi	Flat 8, Repton House, Charlwood Street, London, Greater London SW1V 2LD	-	-	3	Flat
£750K	03/21	0.58 mi	Flat 12, Repton House, Charlwood Street, London, Greater London SW1V 2LD	-	-	3	Flat
£1.1M	06/21	0.59 mi	Flat 2, Evelyn Mansions, Carlisle Place, London, Greater London SW1P 1NH	-	-	3	Flat
£885K	01/21	0.6 mi	Flat 3, Forsyth House, Tachbrook Street, London, Greater London SW1V 2LE	-	-	3	Flat
£475K	07/23	0.61 mi	Flat 20, Ferrybridge House, Lambeth Road, London, Greater London SE11 6NB	-	-	3	Flat
£975K	10/23	0.65 mi	Flat 16, Rosscourt Mansions, Buckingham Palace Road, London, Greater London SW1W 0PR	-	-	3	Flat
£1.0M	08/23	0.65 mi	Flat 17, Rosscourt Mansions, Buckingham Palace Road, London, Greater London SW1W 0PR	-	-	3	Flat
£900K	01/23	0.65 mi	Flat 12, Rosscourt Mansions, Buckingham Palace Road, London, Greater London SW1W 0PR	-	-	3	Flat
£17.0M	12/22	0.66 mi	Penthouse Flat, 68, Pall Mall, London, Greater London SW1Y 5ES	-	-	3	Flat
£1.4M	05/23	0.69 mi	Flat K, 59, Warwick Square, London, Greater London SW1V 2AL	£18,133	75	3	Flat
£7.7M	09/23	0.7 mi	1, Russell Court, London, Greater London SW1A 1DA	£34,459	222	3	Flat
£1.4M	12/20	0.71 mi	28, Victoria Square, London, Greater London SW1W 0RB	£13,374	103	3	Flat
£1.1M	06/21	0.72 mi	70a, Warwick Way, London, Greater London SW1V 1RZ	£10,062	113	3	Flat
£1.1M	02/21	0.72 mi	Flat D, 9, Warwick Square, London, Greater London SW1V 2AA	£14,658	73	3	Flat
£280K	01/23	0.78 mi	Flat 37, Elkington Point, Lollard Street, London, Greater London SE11 6UG	-	-	3	Flat
£565K	11/21	0.82 mi	Flat 12, Amigo House, Morley Street, London, Greater London SE1 7QE	-	-	3	Flat
£495K	02/21	0.83 mi	Flat 54, Greet House, Frazier Street, London, Greater London SE1 7BB	-	-	3	Flat
£500K	07/23	0.84 mi	Flat 25, Wynyard House, Newburn Street, London, Greater London SE11 5PT	-	-	3	Flat
£490K	09/23	0.84 mi	Flat 34, Wynyard House, Newburn Street, London, Greater London SE11 5PT	-	-	3	Flat
£471K	06/21	0.85 mi	Flat 37, Grover House, Vauxhall Street, London, Greater London SE11 5LJ	-	-	3	Flat
£570K	11/23	0.85 mi	Flat 31, De Quincey House, Lupus Street, London, Greater London SW1V 3ER	-	-	3	Flat
£615K	08/23	0.85 mi	Flat 27, De Quincey House, Lupus Street, London, Greater London SW1V 3ER	-	-	3	Flat
£485K	05/23	0.86 mi	Flat 15, Dolland House, Newburn Street, London, Greater London SE11 5LR	-	-	3	Flat
£690K	07/23	0.86 mi	Flat 6, Campbell House, Churchill Gardens, London, Greater London SW1V 3HS	-	-	3	Flat
£570K	12/20	0.86 mi	Flat 14, Campbell House, Churchill Gardens, London, Greater London SW1V 3HS	-	-	3	Flat
£1.1M	06/21	0.87 mi	15a, St Georges Drive, London, Greater London SW1V 4DJ	£9,813	107	3	Flat
£650K	02/21	0.88 mi	1a, Loughborough Street, London, Greater London SE11 5RB	£4,248	153	3	Flat
£1.2M	04/21	0.91 mi	First & Second Floor Maisonette, 97, Winchester Street, London, Greater London SW1V 4NX	-	-	3	Flat
£550K	10/20	0.92 mi	Flat 59, Keats House, Churchill Gardens, London, Greater London SW1V 3HZ	-	-	3	Flat
£550K	10/20	0.92 mi	Flat 59, Keats House, Churchill Gardens, London, Greater London SW1V 3HZ	-	-	3	Flat

Local Rents

50 rents from £3.9K/mo to £45K/mo, average is £7K/mo.

Rent	Date	Distance	Address	Beds	Type
£7,300	09/24	0 mi	9 Millbank, London	3	Flat
£8,667	09/24	0.03 mi	Westminster Mansions, Great Smith Street, London	3	Flat
£8,667	09/24	0.03 mi	Westminster Mansions, Great Smith Street, SW1P	3	Flat
£5,633	09/24	0.04 mi	Great Peter Street, Westminster	3	Flat
£12,000	09/24	0.1 mi	Millbank, London, SW1P	3	Flat
£9,000	09/24	0.1 mi	9 Millbank Residence, London	3	Flat
£4,300	03/25	0.12 mi	-	3	Flat
£6,000	09/24	0.13 mi	Ashley House, 3 Monck Street, SW1P	3	Flat
£5,179	09/24	0.14 mi	Cavendish House, 31 Monck Street, Westminster, London, SW1P	3	Flat
£5,299	01/25	0.14 mi	-	3	Flat
£6,500	09/24	0.14 mi	Ashley House, Westminster, SW1P	3	Flat
£7,995	09/24	0.15 mi	Monck Street, London, SW1P	3	Flat
£8,000	09/24	0.15 mi	Monck Street London SW1P	3	Flat
£5,135	09/24	0.15 mi	Monck Street London SW1P	3	Flat
£5,850	09/24	0.16 mi	Ashley House, Monck Street, Westminster, London, SW1P	3	Flat
£7,000	04/25	0.17 mi	-	3	Flat
£4,117	09/24	0.18 mi	Monck Street, Westminster, London, SW1P 2AJ	3	Flat
£8,395	09/24	0.18 mi	Ashley House, Westminster Quarter, SW1P	3	Flat
£8,000	09/24	0.18 mi	Ashley House, 3 Monck Street, SW1P	3	Flat
£12,000	09/24	0.19 mi	9 Millbank, London, SW1P 3AN	3	Flat
£9,000	09/24	0.19 mi	9 Millbank, London, SW1P 3AN	3	Flat
£45,002	09/24	0.2 mi	Broadway, Central London, Westminster, SW1H	3	Flat
£8,333	09/24	0.2 mi	-	3	Flat
£7,852	09/24	0.2 mi	Millbank, London	3	Flat
£5,000	09/24	0.2 mi	St Johns Building, 79 Marsham Street, SW1P	3	Flat
£4,500	09/24	0.21 mi	Marsham Street London SW1P	3	Flat
£4,333	09/24	0.21 mi	Westminster Green, 8 Dean Ryle Street, Westminster, London, SW1P	3	Flat
£4,225	09/24	0.22 mi	Matthew Parker Street, Westminster, London, SW1H	3	Flat
£10,000	09/24	0.22 mi	Apartment 703, Victoria Street, London	3	Flat
£12,350	09/24	0.23 mi	Victoria Street, St James's Park, Westminster, London, SW1H	3	Flat
£10,000	10/24	0.23 mi	Campden Hill Gate, Kensington, W8	3	Flat
£4,225	09/24	0.23 mi	Matthew Parker Street London SW1H	3	Flat
£4,225	09/24	0.23 mi	Brunswick House, 2 Matthew Parker Street, SW1H	3	Flat
£9,100	09/24	0.24 mi	Riverwalk, 161 Millbank, London, SW1P	3	Flat
£4,767	09/24	0.24 mi	Central Building, 3 Matthew Parker Street, Westminster, London, SW1H	3	Flat
£8,000	09/24	0.25 mi	Millbank Westminster SW1P	3	Flat
£7,367	09/24	0.26 mi	John Islip Street, London, SW1P	3	Flat
£6,699	09/24	0.26 mi	Cleland House, Westminster, London	3	Flat
£6,699	09/24	0.27 mi	Cleland House, 32 John Islip Street, SW1P	3	Flat
£4,000	10/24	0.27 mi	-	3	Flat
£5,700	09/24	0.27 mi	-	3	Flat
£6,717	09/24	0.27 mi	-	3	Flat
£6,500	09/24	0.28 mi	Victoria Street, London, SW1H	3	Flat
£3,878	09/24	0.28 mi	Victoria Street, Westminster, SW1H	3	Flat
£8,000	09/24	0.28 mi	John Islip Street, Westminster, London, SW1P	3	Flat
£5,995	09/24	0.28 mi	Artillery Mansions, 75 Victoria Street, London, SW1H	3	Flat
£8,233	09/24	0.28 mi	John Islip Street, London, SW1P	3	Flat
£7,000	09/24	0.28 mi	John Islip Street Westminster SW1P	3	Flat
£7,583	09/24	0.28 mi	Abell House, 31 John Islip Street, London	3	Flat
£8,233	09/24	0.28 mi	Abell House, 31 John Islip Street, London	3	Flat

Local Area Statistics

Population in SW1	52,47852,478
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.29 miles away0.29 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 £3,120,000

January 27, 2025

Floor Plans

Description

Gym +
Concierge +
Swimming Pool +
Close to public transport +
Comfort Cooling +
Cinema Room +
Communal Garden +
Floor-to-ceiling windows +

Millbank Residences, developed by Berkeley Homes, is an extraordinary transformation of the iconic Grade II-listed 1920s 'Imperial Chemical House.'

This architectural masterpiece elegantly combines its rich historical heritage with the finest in contemporary luxury living. Nestled along the serene banks of the River Thames in Westminster, this prestigious development provides residents with an unrivaled lifestyle enhanced by exclusive access to world-class amenities.

Unparalleled Amenities:

-24-hour concierge service ensuring convenience and security.
-State-of-the-art fitness facilities, including a fully equipped gym.
-Luxurious swimming pool, spa, and treatment rooms for ultimate relaxation.
-Private cinema screening room and stylish meeting spaces.
-Secure underground parking and bicycle storage.

The Apartment:

This exquisitely designed three-bedroom apartment epitomizes sophistication and comfort. Crafted to the highest standards, the property features:

-Open-Plan Living: A spacious living and dining area complemented by a luxury kitchen, fitted with integrated Küppersbusch appliances.
-Elegant Bedrooms: Well-proportioned bedrooms with built-in wardrobes offering ample storage.
-Luxurious Bathrooms: Beautifully appointed bathrooms with rainfall showers and premium finishes.
-Premium Details: Engineered timber flooring, underfloor heating, and comfort cooling throughout ensure year-round comfort and style.

Architectural Excellence:
Millbank Residences' design philosophy emphasizes harmony between the historic architecture and its contemporary interiors. From the grand entrance hall to the intricate cornices and architraves, every detail reflects timeless elegance. The imposing doorway and carefully preserved historical elements create a sense of grandeur befitting this landmark address.

Unmatched Location:
Located in the heart of Westminster, Millbank Residences offers proximity to some of London's most iconic attractions and destinations:

Walking distance to three Royal Parks and the upscale shopping district of Knightsbridge.

Michelin-starred dining in Mayfair and world-class cultural landmarks like Tate Britain and the West End theatres.

Close to renowned educational institutions, including Westminster School, Imperial College, and the London School of Economics.

Excellent transport links with Westminster, St James's Park, and Pimlico stations just moments away.

This is an exceptional opportunity to experience an extraordinary lifestyle in one of London's most prestigious riverside developments. Millbank Residences is more than a home-it is a statement of timeless elegance and modern sophistication.

Agent Details

Procuro Limited, Procuro Limited

029 2271 0325

Next Steps?

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

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