Sold STC Flat

FLAT 5

1 MILLENNIUM SQUARE, LONDON, GREATER LONDON SE1 2PW

2 beds 2 baths 893 sq ft Listed 27 Feb 2019 (-2663d)

£750,000

Reduced on 21 Feb 2019

Save
Picture 1

Picture 1 Picture 2 Picture 3 Picture 4 Picture 5 Picture 6 Picture 8 Picture 9 Picture 10 Picture 11 Picture 12 Picture 13

/ 12

Property details

Tenure

LEASEHOLD

Floor area

83 m²

Year built

England and Wales: 1991-1995

Last sold

£600,000 Dec 2012

Price per m²

£9,036/m²

Local average

£644,923 (+16.3%)

Deprivation

Decile 9 (29,531 of 33,755)

Street crime

1739 incidents within 1 mile (Apr 2026)

Key features

  • 2 Bedrooms
  • 919 Sq/Ft
  • Shad Thames
  • Private Parking
  • Balcony
  • South-West Facing
  • Lift

Additional details

Parking
Yes

Description

A fantastic two double bedroom, two bathroom apartment with a south-west facing balcony, located in the heart of Shad Thames.
The 919 sq/ft apartment is in excellent condition and consists of a bright and spacious open plan kitchen/reception room that leads on to a south west facing balcony. Both bedrooms are good size doubles with the main bedroom benefitting from an en suite shower room. There is also a secure off street parking space.

Situation

Millennium Square is moments from the waterfront and close to the large variety of bars and restaurants that Shad Thames has to offer. London Bridge (National Rail services, Northern and Jubilee lines), Bermondsey Station (Jubilee Line), Tower Hill (Circle and District lines) and Tower Gateway (DLR) are all close by. City Airport is only 35 min away by rail.

Listed by

Tower Bridge

Countrywide Hamptons Sales - Connells

Reference: 70328779

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

EPC Graphs

EPC Rating Graph

EPC Rating Graph

Price history

Event Date Price % change
Sold 17/12/2012 (13 years ago) £600,000 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
THE CIRCLE FLAT 358 QUEEN ELIZABETH STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2JU £685,000 24/11/2025 Flat
10 FLAT 2 MILL STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2AY £1,515,000 14/11/2025 Flat
ST. ANDREWS WHARF, 12 FLAT 48 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YN £575,000 14/11/2025 Flat
THE CIRCLE FLAT 236 QUEEN ELIZABETH STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2JN £599,000 15/09/2025 Flat
THE CIRCLE FLAT 164 QUEEN ELIZABETH STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2JL £710,775 23/07/2025 Flat
THE CIRCLE FLAT 271 QUEEN ELIZABETH STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2JW £525,000 18/07/2025 Flat
SCOTTS SUFFERANCE WHARF, 5 FLAT 84 MILL STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2DF £390,000 06/03/2025 Flat
JAVA WHARF, 16 FLAT 13 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YH £380,100 18/12/2023 Flat
THE CIRCLE FLAT 276 QUEEN ELIZABETH STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2JW £517,000 15/12/2023 Flat
DEVON MANSIONS FLAT 463 JAMAICA ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE1 2BU £420,000 08/12/2023 Flat
THE CIRCLE FLAT 261 QUEEN ELIZABETH STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2JW £383,400 24/11/2023 Flat
SAFFRON WHARF, 20 FLAT 11 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YQ £1,475,000 24/11/2023 Flat
DEVON MANSIONS FLAT 415 TOOLEY STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2XS £565,250 24/11/2023 Flat
SAFFRON WHARF, 20 FLAT 10 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YQ £1,300,000 23/10/2023 Flat
Same street 1 FLAT 9 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW £810,000 05/10/2023 Flat
TOWER BRIDGE BUILDINGS FLAT 16 MILL STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2AZ £550,000 05/10/2023 Flat
SCOTTS SUFFERANCE WHARF, 5 FLAT 32 MILL STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2DE £690,000 04/09/2023 Flat
JAVA WHARF, 16 FLAT 38 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YH £650,000 21/08/2023 Flat
SCOTTS SUFFERANCE WHARF, 5 FLAT 38 MILL STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2DE £625,000 14/08/2023 Flat
DOCKHEAD WHARF, 4 FLAT 5 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YT £350,000 28/07/2023 Flat
THE CIRCLE FLAT 43 QUEEN ELIZABETH STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2JG £450,000 28/07/2023 Flat
Same street 3 FLAT 6 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW £470,000 04/11/2021 Flat
Same street 1 FLAT 15 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW £753,000 15/10/2021 Flat

Street average: £677,667 (3 sales)

Area average: £667,776 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -24.6%
10y growth -65.7%

House Price Index (HM Land Registry — official index, not sold-price averages): Southwark. Series: Flats and maisonettes. As of March 2026.

1y (index) -4.7%
5y (index) -5%
10y (index) -8.3%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: PTY HOLDINGS LIMITED (12077794)

Rental Range

Estimated market rent for Southwark. Low = conservative, Realistic = average, Optimistic = best case.

Low £2,156/mo
Realistic £2,395/mo
Optimistic £2,635/mo

Based on Local Authority from postcode lookup → Southwark.

LHA (30th percentile) floor for Inner South East London: £1,546/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View SE1 2PW

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Circle Store 0.0 miles
Shop NipNip Tower Bridge 0.0 miles
Bus stop Tanner Street 0.1 miles
Bus stop Dockhead 0.1 miles
University Northeastern University London 0.4 miles
Train station Bermondsey 0.5 miles
Train station London Bridge 0.6 miles
University London School of Commerce 0.7 miles
Hospital Medlabs Diagnostics 2.2 miles
Hospital Dental Hospital 2.4 miles

Street-level crime

Category Count
Anti-social behaviour 314
Theft from the person 295
Violence and sexual offences 292
Other theft 279
Shoplifting 99
Public order 76
Robbery 70
Burglary 68
Criminal damage and arson 68
Drugs 63
Vehicle crime 61
Bicycle theft 31
Other crime 12
Possession of weapons 11
Total incidents 1739

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Tower Bridge Primary School Primary 0.2 miles Good — 16 Feb 2016
St Joseph's Catholic Primary School Primary 0.2 miles Good — 10 Nov 2021
St Michael's Catholic College Secondary 0.3 miles Outstanding — 3 Sep 2013
St James' Church of England Primary School Primary 0.3 miles Good — 11 Dec 2014
Riverside Primary School Primary 0.4 miles Good — 19 Mar 2024

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
Walton Clarke House, 5 Brigade Mews, London, SE1 £4,250/mo 2 1.09 miles Rightmove

Average rent: £4,250/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.57%
Max investor price (0.8%) £531,250
Target investor price (1%) £425,000
Gross yield 6.8%
Cost-to-rent ratio 14.7×
Monthly cashflow £846/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 4.7%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).