# 2 bedroom flat for sale (SE1 2PW) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 5, 1 MILLENNIUM SQUARE, LONDON, GREATER LONDON SE1 2PW | | Price | £750,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Construction age | England and Wales: 1991-1995 | | Floor area | 83 m² | | Last sold | £600,000 Dec 2012 | ## EPC Rating & Upgrade Cost - **Current rating:** C - **Potential rating:** C - **Expiry date:** 24/09/2022 — **EXPIRED** (no longer valid for marketing or letting) - **Current heating cost:** £264/year [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0202-2815-7014-9822-4001) ## 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. ## Property Photos - ![Picture 1](/listings/photos/70328779/356705) - Picture 1 - ![Picture 2](/listings/photos/70328779/356706) - Picture 2 - ![Picture 3](/listings/photos/70328779/356707) - Picture 3 - ![Picture 4](/listings/photos/70328779/356708) - Picture 4 - ![Picture 5](/listings/photos/70328779/356709) - Picture 5 - ![Picture 6](/listings/photos/70328779/356710) - Picture 6 - ![Picture 8](/listings/photos/70328779/356711) - Picture 8 - ![Picture 9](/listings/photos/70328779/356712) - Picture 9 - ![Picture 10](/listings/photos/70328779/356713) - Picture 10 - ![Picture 11](/listings/photos/70328779/356714) - Picture 11 - ![Picture 12](/listings/photos/70328779/356716) - Picture 12 - ![Picture 13](/listings/photos/70328779/356718) - Picture 13 ## Floorplans - ![Floorplan](/listings/photos/70328779/356719) - Floorplan ## EPC Graphs - ![EPC Rating Graph](/listings/photos/70328779/356721) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 1 FLAT 5 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW | £600,000 | 17/12/2012 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | THE CIRCLE FLAT 358 QUEEN ELIZABETH STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2JU | £685,000 | 24/11/2025 | Flat | | ST. ANDREWS WHARF, 12 FLAT 48 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YN | £575,000 | 14/11/2025 | Flat | | 10 FLAT 2 MILL STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2AY | £1,515,000 | 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 | | DEVON MANSIONS FLAT 415 TOOLEY STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2XS | £565,250 | 24/11/2023 | 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 | | 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 | | THE CIRCLE FLAT 43 QUEEN ELIZABETH STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2JG | £450,000 | 28/07/2023 | Flat | | DOCKHEAD WHARF, 4 FLAT 5 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YT | £350,000 | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £644,923 (133 Flat, SE1, 2024–2026) - **Deviation:** +16.3% ## Rental Range *ONS Price Index of Private Rents (Southwark). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £2,156/mo - **Realistic:** £2,395/mo - **Optimistic:** £2,635/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Inner South East London (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £1,546/mo ## 1% Rule - **Rent ratio:** 0.32% (weak for cashflow) - **Max investor price (0.8%):** £299,375 - **Target investor price (1%):** £239,500 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on Area rent estimate.* ## Price per Square Metre - **£/m²:** £9,036/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -23.4% - **10y growth:** -64.1% ## House Price Index (HM Land Registry) *Official index for Southwark; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -4.7% - **5y growth (index):** -5% - **10y growth (index):** -8.3% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)