Sold Flat

FLAT 15

1 MILLENNIUM SQUARE, LONDON, GREATER LONDON SE1 2PW

2 beds 2 baths 829 sq ft Listed 7 Jun 2021 (-1828d)

£765,000

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Property details

Tenure

LEASEHOLD

Floor area

77 m²

EPC rating

C

Year built

England and Wales: 1996-2002

Last sold

£753,000 Oct 2021

Price per m²

£9,935/m²

Local average

£644,923 (+18.6%)

Deprivation

Decile 9 (29,531 of 33,755)

Street crime

1735 incidents within 1 mile (Apr 2026)

Key features

  • West facing balcony
  • Located in the heart of Shad Thames
  • Bright and spacious
  • Secure off street parking
  • Lift access
  • NO CHAIN

Additional details

Parking
Yes

Description

A two double bedroom, two bathroom apartment with a west facing balcony, located in the heart of Shad Thames.
The apartment is in excellent condition and consists of a bright and spacious reception room with open plan kitchen leading to a west-facing balcony. Both bedrooms are good size doubles with the main bedroom benefitting from an en suite shower room. There is also a guest bathroom and a secure off street parking space.
Millennium Square is moments from the waterfront and close to the large variety of bars and restaurants that Shad Thames has to offer. Tower Hill (Circle and District lines) and London Bridge (National Rail services, Northern and Jubilee lines) Stations are both close by.

Listed by

Tower Bridge - Sales

Cluttons LLP

Reference: 108364979

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 02/08/2021

Current heating cost: £292/year

Potential heating cost: £292/year

View full EPC on gov.uk

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 15/10/2021 (4 years ago) £753,000 —

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
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
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
DEVON MANSIONS FLAT 415 TOOLEY STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2XS £565,250 24/11/2023 Flat
DEVON MANSIONS FLAT 370 TOOLEY STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2XG £465,000 30/10/2023 Flat
DEVON MANSIONS FLAT 371 TOOLEY STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2XG £472,500 06/10/2023 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
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
288 ARNOLD ESTATE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2XN £450,500 26/07/2023 Flat
4 FLAT 7 JAMAICA ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE1 2BX £870,000 14/04/2023 Flat
Same street 3 FLAT 6 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW £470,000 04/11/2021 Flat

Street average: £640,000 (2 sales)

Area average: £590,421 (20 sales)

Capital growth trend

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

5y growth -27.9%
10y growth -62%

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 NipNip Tower Bridge 0.0 miles
Shop Circle Store 0.0 miles
Bus stop Tanner Street 0.0 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 2.3 miles

Street-level crime

Category Count
Anti-social behaviour 317
Violence and sexual offences 292
Theft from the person 290
Other theft 279
Shoplifting 99
Public order 75
Robbery 70
Burglary 68
Criminal damage and arson 67
Drugs 65
Vehicle crime 60
Bicycle theft 30
Other crime 13
Possession of weapons 10
Total incidents 1735

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 0.1 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 1.07 miles Rightmove

Average rent: £4,250/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.56%
Max investor price (0.8%) £531,250
Target investor price (1%) £425,000
Gross yield 6.7%
Cost-to-rent ratio 15×
Monthly cashflow £787/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 4.3%
  • 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).