# 2 bedroom apartment for sale (SE1 2PW) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 15, 1 MILLENNIUM SQUARE, LONDON, GREATER LONDON SE1 2PW | | Price | £765,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Construction age | England and Wales: 1996-2002 | | Floor area | 77 m² | | Last sold | £753,000 Oct 2021 | ## EPC Rating & Upgrade Cost - **Current rating:** C - **Potential rating:** C - **Current heating cost:** £292/year [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0001-6021-0822-2004-0893) ## 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. ## Property Photos - ![Picture No. 06](/listings/photos/108364979/356648) - Picture No. 06 - ![Picture No. 01](/listings/photos/108364979/356649) - Picture No. 01 - ![Picture No. 04](/listings/photos/108364979/356650) - Picture No. 04 - ![Picture No. 03](/listings/photos/108364979/356651) - Picture No. 03 - ![Picture No. 05](/listings/photos/108364979/356652) - Picture No. 05 - ![Picture No. 02](/listings/photos/108364979/356653) - Picture No. 02 - ![Picture No. 15](/listings/photos/108364979/356655) - Picture No. 15 - ![Picture No. 18](/listings/photos/108364979/356657) - Picture No. 18 - ![Picture No. 16](/listings/photos/108364979/356659) - Picture No. 16 ## Floorplans - ![Floorplan](/listings/photos/108364979/356661) - Floorplan ## EPC Graphs - ![EPC Rating Graph](/listings/photos/108364979/356664) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 1 FLAT 15 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW | £753,000 | 15/10/2021 | 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 | | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £644,923 (133 Flat, SE1, 2024–2026) - **Deviation:** +18.6% ## 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 ## 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](http://87.117.209.195:8080/listings/48f6693) | £4,250/mo | 2 | 1.07 miles | Rightmove | **Average rent: £4,250/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.56% (weak for cashflow) - **Max investor price (0.8%):** £531,250 - **Target investor price (1%):** £425,000 *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 OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £4,250/mo).* - **Gross yield:** 6.7% - **Cost-to-rent:** 15× - **Monthly cashflow:** £787/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 4.3% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).* ## Price per Square Metre - **£/m²:** £9,935/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -27.9% - **10y growth:** -62% ## 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)