# 2 bedroom flat for rent (SE1 2PW)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 24, 3 MILLENNIUM SQUARE, LONDON, LONDON, GREATER LONDON SE1 2PW |
| Price | £2,600 pcm |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | F |
| Construction age | England and Wales: 1996-2002 |
| Floor area | 77 m² |
| Last sold | £345,000 Mar 2006 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 22/06/2033
- **Current heating cost:** £565/year
- **Est. upgrade cost to C:** £655

### Recommendations
- Y (£585 - £725)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0000-2547-6060-2127-2825)

## Description

This spacious apartment is located in a well respected block and has a large reception room with balcony and Shard views and two double bedrooms. The apartment is bright and airy throughout and has great storage.

Millennium Square is located on Shad Thames at the junction with Queen Elizabeth Street and therefore close to the excellent variety of riverside bars and restaurants in the area. London Bridge station (Northern line, Jubilee line and National Rail services) and Bermondsey station (Jubilee line) are both within easy reach.

Council Tax Band: F

Deposit: £3000.00

## Property Photos

- ![Millennium Square...](/listings/photos/138373991/356788) - Millennium Square...
- ![Millennium Square...](/listings/photos/138373991/356789) - Millennium Square...
- ![Millennium Square...](/listings/photos/138373991/356790) - Millennium Square...
- ![Millennium Square...](/listings/photos/138373991/356792) - Millennium Square...
- ![Millennium Square...](/listings/photos/138373991/356795) - Millennium Square...
- ![Millennium Square...](/listings/photos/138373991/356798) - Millennium Square...
- ![Millennium Square...](/listings/photos/138373991/356800) - Millennium Square...
- ![Millennium Square...](/listings/photos/138373991/356803) - Millennium Square...

## EPC Graphs

- ![Energy Performanc...](/listings/photos/138373991/356808) - Energy Performanc...

## 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 | 1.08 miles | Rightmove |

**Average rent: £4,250/mo (1 listing)**

## Rent-driven metrics

*Based on OpenRent comparables (median £4,250/mo).*

- **Gross yield:** 1961.5%
- **Monthly cashflow:** £3,790/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 6031.4%

*Gross yield = annual rent as % of price (no costs). 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:** £34/m²

## 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)