2 Bed Flat, Single Let, London, SE1 2AZ, £625,000

Tower Bridge Buildings, Mill Street, London, SE1 2AZ - 2 months ago

Leasehold

BTL

~68 m²

+10 photos

ValuationOvervalued

Sold Prices	£125K - £2.5M
Sold Prices/m²	£1.7K/m² - £11.6K/m²

Square Metres	~68.11 m²
Price/m²	£9.2K/m²
Value Estimate	£599,521£599,521

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£156,250£156,250
Stamp Duty & Legal Fees	£38,700£38,700
Total Cash In	£194,950£194,950

Cash Out
Rent Range	£2,000 - £4,150£2,000 - £4,150
Rent Estimate	£2,000
Running Costs/mo	£2,373£2,373
Cashflow/mo	£-373£-373
Cashflow/yr	£-4,477£-4,477
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £125K to £2.5M, average is £560K. £1.7K/m² to £11.6K/m², average is £8.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£470K	09/23	0.02 mi	Flat 13, Tower Bridge Buildings, Mill Street, London, Greater London SE1 2AZ	-	-	2	Flat
£875K	09/23	0.08 mi	Flat 17, St. Saviours Wharf, Mill Street, London, Greater London SE1 2BE	-	-	2	Flat
£540K	10/21	0.11 mi	178, Providence Square, London, Greater London SE1 2EF	£10,706	50	2	Flat
£835K	09/23	0.11 mi	10, Providence Square, London, Greater London SE1 2EA	£10,036	83	2	Flat
£880K	09/21	0.11 mi	94, Providence Square, London, Greater London SE1 2EB	£9,321	94	2	Flat
£880K	08/23	0.11 mi	57, Providence Square, London, Greater London SE1 2EB	£9,362	94	2	Flat
£822K	04/21	0.11 mi	33, Providence Square, London, Greater London SE1 2EA	£8,653	95	2	Flat
£950K	06/21	0.12 mi	74a, Providence Square, London, Greater London SE1 2EB	£10,440	91	2	Flat
£1.1M	02/21	0.14 mi	142, Providence Square, London, Greater London SE1 2ED	£11,562	95	2	Flat
£1.6M	06/21	0.15 mi	Flat 12, Providence Tower, Bermondsey Wall West, London, Greater London SE16 4US	-	-	2	Flat
£1.5M	05/21	0.15 mi	Flat 4, Providence Tower, Bermondsey Wall West, London, Greater London SE16 4US	-	-	2	Flat
£750K	01/24	0.17 mi	Flat 26, Vanilla & Sesame Court, Curlew Street, London, Greater London SE1 2NN	-	-	2	Flat
£565K	06/23	0.18 mi	Flat 21, Parker Building, Freda Street, London, Greater London SE16 4ED	-	-	2	Flat
£430K	10/21	0.21 mi	Flat 148, Devon Mansions, Tooley Street, London, Greater London SE1 2NR	-	-	2	Flat
£440K	11/20	0.22 mi	Flat 10, Havisham House, Scott Lidgett Crescent, London, Greater London SE16 4UY	-	-	2	Flat
£530K	12/20	0.24 mi	Flat 155, Devon Mansions, Tooley Street, London, Greater London SE1 2NR	-	-	2	Flat
£425K	09/23	0.25 mi	Flat 35, Thetford House, St Saviours Estate, London, Greater London SE1 3PE	-	-	2	Flat
£425K	12/23	0.32 mi	Flat 9, St. Lawrence House, St Saviours Estate, London, Greater London SE1 3BY	£6,798	63	2	Flat
£480K	05/21	0.35 mi	Flat 132, Matilda House, St Katharines Way, London, Greater London E1W 1LF	-	-	2	Flat
£391K	02/23	0.35 mi	Flat 23, St. Vincent House, St Saviours Estate, London, Greater London SE1 3EA	-	-	2	Flat
£455K	06/21	0.36 mi	Flat 104, Matilda House, St Katharines Way, London, Greater London E1W 1LF	-	-	2	Flat
£420K	01/21	0.36 mi	Flat 14, Matilda House, St Katharines Way, London, Greater London E1W 1LQ	-	-	2	Flat
£448.2K	05/23	0.37 mi	55, Whites Grounds Estate, London, Greater London SE1 3JZ	£8,003	56	2	Flat
£365K	02/23	0.38 mi	45, Goodwin Close, London, Greater London SE16 3TL	£6,887	53	2	Flat
£505K	01/21	0.38 mi	Flat 4, Seville House 11 & A Half, Wapping High Street, London, Greater London E1W 1NX	-	-	2	Flat
£575K	01/23	0.39 mi	33, St Katharines Way, London, Greater London E1W 1LP	-	-	2	Flat
£427.5K	03/23	0.4 mi	98, Whites Grounds Estate, London, Greater London SE1 3JX	£6,786	63	2	Flat
£125K	02/21	0.41 mi	61, Burr Close, London, Greater London E1W 1ND	£1,667	75	2	Flat
£618.5K	10/21	0.43 mi	109, Thomas More Street, London, Greater London E1W 1YD	-	-	2	Flat
£632K	06/21	0.43 mi	51, Thomas More Street, London, Greater London E1W 1YD	£8,316	76	2	Flat
£620K	01/21	0.43 mi	97, Thomas More Street, London, Greater London E1W 1YD	£9,688	64	2	Flat
£375K	08/21	0.44 mi	30, Cadbury Way, London, Greater London SE16 3XB	£5,952	63	2	Flat
£700K	11/20	0.44 mi	Flat 34, Hermitage Court, Knighten Street, London, Greater London E1W 1PW	-	-	2	Flat
£712K	02/23	0.44 mi	Flat 28, Hermitage Court, Knighten Street, London, Greater London E1W 1PW	-	-	2	Flat
£555K	03/23	0.46 mi	97, Leathermarket Court, London, Greater London SE1 3HT	£8,952	62	2	Flat
£680K	12/22	0.46 mi	53, Thomas More Street, London, Greater London E1W 1YD	£10,000	68	2	Flat
£365K	04/21	0.47 mi	68, Lucey Way, London, Greater London SE16 3UF	-	-	2	Flat
£345K	02/21	0.47 mi	42, Lucey Way, London, Greater London SE16 3UF	-	-	2	Flat
£380K	10/20	0.49 mi	22, Woolstaplers Way, London, Greater London SE16 3UP	£5,938	64	2	Flat
£610K	06/21	0.51 mi	34, Spirit Quay, London, Greater London E1W 2UT	£8,026	76	2	Flat
£592.5K	05/21	0.51 mi	35, Leathermarket Court, London, Greater London SE1 3HS	£10,216	58	2	Flat
£2.5M	07/21	0.53 mi	Flat 14, Sanderling Lodge, Star Place, London, Greater London E1W 1AJ	-	-	2	Flat
£1.3M	07/21	0.53 mi	Flat 32, Sanderling Lodge, Star Place, London, Greater London E1W 1AJ	-	-	2	Flat
£550K	07/24	0.53 mi	17, Oxford Drive, London, Greater London SE1 2FB	£9,483	58	2	Flat
£2.5M	02/23	0.53 mi	Flat 22, Sanderling Lodge, Star Place, London, Greater London E1W 1AJ	-	-	2	Flat
£470K	06/23	0.53 mi	64, Decima Street, London, Greater London SE1 4QQ	£8,037	58	2	Flat
£1.4M	03/23	0.54 mi	Flat 41, Merganser Court, Star Place, London, Greater London E1W 1AQ	-	-	2	Flat
£640K	06/23	0.54 mi	Flat 17, Tradewinds Court, Asher Way, London, Greater London E1W 2JB	-	-	2	Flat
£505K	09/23	0.55 mi	Flat 4, Willow House, Curtis Street, London, Greater London SE1 5SL	-	-	2	Flat
£345.5K	06/23	0.55 mi	Flat 11, Robert Jones House, Eveline Lowe Estate, London, Greater London SE16 3SR	-	-	2	Flat

Local Rents

50 rents from £2K/mo to £4.2K/mo, average is £2.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	08/24	0.03 mi	Little London Court, Mill Street, London, SE1	2	Flat
£3,550	08/24	0.03 mi	Little London Court Mill Street SE1	2	Flat
£3,550	08/24	0.03 mi	Little London Court, Mill Street, London SE1	2	Flat
£2,800	12/24	0.03 mi	-	2	Flat
£2,800	04/25	0.03 mi	-	2	Flat
£3,497	12/24	0.03 mi	Lloyds Wharf, Mill Street, London	2	Flat
£2,700	12/24	0.03 mi	Jamaica Road, Bermondsey	2	Flat
£2,700	08/24	0.04 mi	-	2	Flat
£2,747	08/24	0.04 mi	Scott Sufferance, Mill Street, SE1	2	Flat
£2,817	12/24	0.04 mi	Scotts Sufferance Wharf, London SE1	2	Flat
£2,700	12/24	0.04 mi	Scott Sufferance, Mill Street, SE1	2	Flat
£4,150	08/24	0.05 mi	Jacob Street, London SE1	2	Flat
£3,488	08/24	0.05 mi	Mill Street, Shad Thames	2	Flat
£2,817	08/24	0.05 mi	St Andrews Wharf, Shad Thames, London, SE1	2	Flat
£3,750	12/24	0.06 mi	Vogans Mill Wharf, London SE1	2	Flat
£2,400	08/24	0.06 mi	-	2	Flat
£2,400	08/24	0.06 mi	Arnold Estate, London, SE1	2	Flat
£2,500	08/24	0.06 mi	Jacob Street, London	2	Flat
£2,600	08/24	0.07 mi	St Andrews Wharf, 12 Shad Thames, London, SE1	2	Flat
£2,900	12/24	0.07 mi	Dockhead Wharf, London, SE1	2	Flat
£2,200	12/24	0.07 mi	-	2	Flat
£2,500	08/24	0.07 mi	Shad Thames Shad Thames SE1	2	Flat
£3,033	12/24	0.07 mi	Providence Square, Southwark, London SE1	2	Flat
£3,400	08/24	0.07 mi	St Saviours Wharf, Mill Street, London, SE1	2	Flat
£3,250	08/24	0.08 mi	St Saviours Wharf, Shad Thames	2	Flat
£2,600	11/23	0.08 mi	Millennium Square, Shad THames, SE1	2	Flat
£2,750	08/24	0.08 mi	Millennium Square, London SE1	2	Flat
£2,197	12/24	0.08 mi	Arnold Estate, London	2	Flat
£3,500	08/24	0.08 mi	Butlers & Colonial Wharf, London	2	Flat
£2,747	11/23	0.08 mi	Shad Thames, SE1	2	Flat
£2,496	12/24	0.08 mi	Shad Thames, SE1	2	Flat
£2,899	08/24	0.09 mi	Providence Square, SE1	2	Flat
£2,383	08/24	0.09 mi	Shad Thames, London Bridge SE1	2	Flat
£3,100	12/24	0.1 mi	-	2	Flat
£3,100	02/25	0.1 mi	-	2	Flat
£2,249	12/24	0.1 mi	Nickleby House	2	Flat
£2,249	12/24	0.1 mi	Nickleby House ( No living room)	2	Flat
£3,250	04/25	0.11 mi	-	2	Flat
£2,383	08/24	0.11 mi	Providence Square, London	2	Flat
£2,708	12/24	0.11 mi	Providence Square, London, SE1	2	Flat
£2,650	08/24	0.11 mi	Shad Thames, London	2	Flat
£2,999	11/23	0.11 mi	Providence Square, Shad Thames, SE1	2	Flat
£3,000	08/24	0.11 mi	Providence Square, London SE1	2	Flat
£2,925	08/24	0.11 mi	Providence Square, London SE1	2	Flat
£3,000	08/24	0.11 mi	Coriander Court, Gainsford Street SE1	2	Flat
£2,297	08/24	0.11 mi	Providence Square, Shad Thames	2	Flat
£2,300	12/24	0.12 mi	Providence Square, Shad Thames, SE1	2	Flat
£2,750	08/24	0.12 mi	Providence Square, Shad Thames, SE1	2	Flat
£2,297	08/24	0.12 mi	Tooley Street, London	2	Flat
£2,000	08/24	0.13 mi	-	2	Flat

Local Area Statistics

Population in SE1	66,77766,777
Population in London	4,771,9214,771,921
Town centre distance	2.39 miles away2.39 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.40 miles away0.40 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-1%-1%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-20%-20%

Property History

Listed for £625,000

February 13, 2025

Floor Plans

Description

Two bedrooms +
Modernised to high standard +
Large sash windows +
Wooden flooring +
Prime location in Shad Thames +
EPC rating : C +

Refurbished two bedroom turnkey apartment located on Mill Street, close to the waterfront of Shad Thames. The property is a favourable position within the development on the third floor. The reception room has large sash windows that showcase the historic architecture of neighbouring buildings along this popular street, whilst at the same time inviting an abundance of natural light. The stunning hard wood floor flows seamlessly from the entrance hallway to the reception room and second bedroom.

The separate modernised kitchen is fully integrated complete with gas hob. Both bedrooms are doubles with sash windows. The principal bedroom is large enough for a super king bed and benefits from built in storage. There is a separate stylish shower room off the entrance hallway. Further benefits include dimmable lighting and triple column bar radiators throughout. Tower Bridge Buildings is a popular mansion block, with lift access, located on popular Mill Street, a short walk away from Shad Thames and Bermondsey Street. There is an extensive range of shops, bars and restaurants in the immediate vicinity but the development is also conveniently located for both Maltby Street and Borough Market.

There are excellent transport links with London Bridge Station (Jubilee, Northern and Mainline train services), Bermondsey (Jubilee line) and Tower Hill (District and Circle lines) all within close proximity.

- Lease: 125 years from 23 July 2001
- Service charge: circa £1175 per annum
- Ground rent: £10 per annum
- Council tax: Band C

Agent Details

Cluttons, Tower Bridge - Sales

020 3984 8978

Next Steps?

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2 Bed Flat, Single Let, London, SE1 2AZ, £625,000

ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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