Sold Flat

FLAT 6

3 MILLENNIUM SQUARE, LONDON, GREATER LONDON SE1 2PW

1 beds 1 baths 657 sq ft Listed 16 Feb 2021 (-1943d)

£500,000

Reduced on 17 May 2021

Save

# 1 bedroom flat for sale (SE1 2PW)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 6, 3 MILLENNIUM SQUARE, LONDON, GREATER LONDON SE1 2PW |
| Price | £500,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Construction age | England and Wales: 2003-2006 |
| Floor area | 61 m² |
| Last sold | £470,000 Nov 2021 |

## Description

Millennium Square is surrounded by the shops, cafés restaurants and delis of Shad Thames on the riverside, and is only 0.4 miles from London Bridge station and 0.3 miles from Bermondsey station.

## Property Photos

- ![Photo](/listings/photos/77957682/356641)
- ![Photo](/listings/photos/77957682/356642)
- ![Photo](/listings/photos/77957682/356643)
- ![Photo](/listings/photos/77957682/356644)
- ![Photo](/listings/photos/77957682/356645)
- ![Photo](/listings/photos/77957682/356646)

## Floorplans

- ![Floorplan 1](/listings/photos/77957682/356647) - Floorplan 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 3 FLAT 6 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW | £470,000 | 04/11/2021 | Flat |
| 3 FLAT 6 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW | £545,000 | 09/07/2014 | Flat |
| 3 FLAT 6 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW | £179,995 | 28/02/2000 | 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 |
|---------|-------|------|------|
| EAGLE WHARF COURT FLAT 24 LAFONE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2LZ | £560,000 | 09/01/2026 | Flat |
| WHEAT WHARF APARTMENTS, 27 FLAT 9 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YW | £980,000 | 09/01/2026 | Flat |
| CARAWAY APARTMENTS, 2 FLAT 217 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PP | £515,000 | 22/12/2025 | Flat |
| BOSS HOUSE, 2 FLAT 15 BOSS STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PS | £700,000 | 05/12/2025 | Flat |
| TAMARIND COURT, 18 FLAT 54 GAINSFORD STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NE | £700,000 | 20/11/2025 | Flat |
| TAMARIND COURT, 18 FLAT 11 GAINSFORD STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NE | £540,000 | 14/11/2025 | Flat |
| BOSS HOUSE, 2 FLAT 26 BOSS STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PS | £1,260,000 | 06/08/2025 | Flat |
| SPICE QUAY HEIGHTS, 32 FLAT 515 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YL | £1,750,000 | 22/01/2025 | Flat |
| BOSS HOUSE, 2 FLAT 43 BOSS STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PS | £525,000 | 14/12/2023 | Flat |
| FENNEL APARTMENTS, 3 FLAT 405 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PJ | £450,000 | 09/11/2023 | Flat |
| BUTLERS WHARF BUILDING, 36 SUITE 208 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YE | £500,000 | 12/10/2023 | Flat |
| [Same street] 1 FLAT 9 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW | £810,000 | 05/10/2023 | Flat |
| ANCHOR BREWHOUSE, 50 FLAT 17 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2LY | £450,000 | 29/09/2023 | Flat |
| CARAWAY APARTMENTS, 2 FLAT 603 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PP | £530,000 | 15/09/2023 | Flat |
| BOSS HOUSE, 2 FLAT 24 BOSS STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PS | £1,050,000 | 05/09/2023 | Flat |
| TAMARIND COURT, 18 FLAT 11 GAINSFORD STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NE | £550,000 | 06/07/2023 | Flat |
| WHEAT WHARF APARTMENTS, 27 FLAT 6 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YW | £820,000 | 05/07/2023 | Flat |
| VANILLA AND SESAME COURT FLAT 105 CURLEW STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NP | £490,000 | 03/07/2023 | Flat |
| EAGLE WHARF COURT FLAT 33 LAFONE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2LZ | £930,500 | 11/05/2023 | Flat |
| ADMIRALS COURT, 30 FLAT 22 HORSELYDOWN LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2LJ | £750,000 | 09/05/2023 | Flat |
| 104 BUTLERS & COLONIAL WHARF, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PY | £540,000 | 21/04/2023 | Flat |
| [Same street] 1 FLAT 15 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW | £753,000 | 15/10/2021 | Flat |

**Street average:** £781,500 (2 sales)
**Area average:** £729,525 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £644,923 (133 Flat, SE1, 2024–2026)
- **Deviation:** -22.5%

## 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):** £1,292/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 |
|------|------|------|------|------|
| 1 Bed Flat, Tamarind Court, SE1 | £2,550/mo | 1 | 0.1 miles | OpenRent |
| 1 Bed Flat, The Circle, SE1 | £2,000/mo | 1 | 0.11 miles | OpenRent |
| Studio Flat, Axis Court, SE16 | £1,733/mo | 1 | 0.35 miles | OpenRent |
| Studio Flat, Axis Court, SE16 | £1,733/mo | 1 | 0.35 miles | OpenRent |

**Average rent: £2,004/mo (4 listings)**

## 1% Rule

- **Rent ratio:** 0.37% (weak for cashflow)
- **Max investor price (0.8%):** £233,375
- **Target investor price (1%):** £186,700

*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 £1,867/mo).*

- **Gross yield:** 4.5%
- **Cost-to-rent:** 22.3×
- **Monthly cashflow:** £-314/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -2.6%

*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:** £8,197/m²

## Capital growth trend

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

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

## 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)

Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6

/ 6

Property details

Tenure

LEASEHOLD

Floor area

61 m²

Year built

England and Wales: 2003-2006

Last sold

£470,000 Nov 2021

Price per m²

£8,197/m²

Local average

£644,923 (-22.5%)

Deprivation

Decile 9 (29,531 of 33,755)

Street crime

1865 incidents within 1 mile (Apr 2026)

Key features

One Double Bedroom
Fantastic Condition
Great Location
Secure Allocated Parking
Juliette Balcony
Chain Free

Additional details

Parking: Yes

Description

Offers in excess of £500,000. Situated in the heart of Shad Thames, this immaculately presented one double bedroom flat boasts a large open plan kitchen and living area with Juliette balcony, modern bathroom and secure allocated parking space.

Millennium Square is surrounded by the shops, cafés restaurants and delis of Shad Thames on the riverside, and is only 0.4 miles from London Bridge station and 0.3 miles from Bermondsey station.

Listed by

Waterview Shad Thames

Dexters

Reference: 77957682

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Price history

161% since 2000

Event	Date	Price	% change
Sold	04/11/2021 (4 years ago)	£470,000	-13.8%
Sold	09/07/2014 (11 years ago)	£545,000	+202.8%
Sold	28/02/2000 (26 years ago)	£179,995	—

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
EAGLE WHARF COURT FLAT 24 LAFONE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2LZ	£560,000	09/01/2026	Flat
WHEAT WHARF APARTMENTS, 27 FLAT 9 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YW	£980,000	09/01/2026	Flat
CARAWAY APARTMENTS, 2 FLAT 217 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PP	£515,000	22/12/2025	Flat
BOSS HOUSE, 2 FLAT 15 BOSS STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PS	£700,000	05/12/2025	Flat
TAMARIND COURT, 18 FLAT 54 GAINSFORD STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NE	£700,000	20/11/2025	Flat
TAMARIND COURT, 18 FLAT 11 GAINSFORD STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NE	£540,000	14/11/2025	Flat
BOSS HOUSE, 2 FLAT 26 BOSS STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PS	£1,260,000	06/08/2025	Flat
SPICE QUAY HEIGHTS, 32 FLAT 515 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YL	£1,750,000	22/01/2025	Flat
BOSS HOUSE, 2 FLAT 43 BOSS STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PS	£525,000	14/12/2023	Flat
FENNEL APARTMENTS, 3 FLAT 405 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PJ	£450,000	09/11/2023	Flat
BUTLERS WHARF BUILDING, 36 SUITE 208 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YE	£500,000	12/10/2023	Flat
Same street 1 FLAT 9 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW	£810,000	05/10/2023	Flat
ANCHOR BREWHOUSE, 50 FLAT 17 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2LY	£450,000	29/09/2023	Flat
CARAWAY APARTMENTS, 2 FLAT 603 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PP	£530,000	15/09/2023	Flat
BOSS HOUSE, 2 FLAT 24 BOSS STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PS	£1,050,000	05/09/2023	Flat
TAMARIND COURT, 18 FLAT 11 GAINSFORD STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NE	£550,000	06/07/2023	Flat
WHEAT WHARF APARTMENTS, 27 FLAT 6 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YW	£820,000	05/07/2023	Flat
VANILLA AND SESAME COURT FLAT 105 CURLEW STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NP	£490,000	03/07/2023	Flat
EAGLE WHARF COURT FLAT 33 LAFONE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2LZ	£930,500	11/05/2023	Flat
ADMIRALS COURT, 30 FLAT 22 HORSELYDOWN LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2LJ	£750,000	09/05/2023	Flat
104 BUTLERS & COLONIAL WHARF, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PY	£540,000	21/04/2023	Flat
Same street 1 FLAT 15 MILLENNIUM SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PW	£753,000	15/10/2021	Flat

Street average: £781,500 (2 sales)

Area average: £729,525 (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%

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: £1,292/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	Field & Sons	0.1 miles
Shop	Iris Optical	0.1 miles
Bus stop	Tower Bridge	0.1 miles
University	Northeastern University London	0.2 miles
Train station	Tower Hill	0.5 miles
Train station	London Bridge	0.5 miles
University	London School of Commerce	0.7 miles
Hospital	Medlabs Diagnostics	2.0 miles
Hospital	Moorfields at Hoxton	2.3 miles

Street-level crime

Category	Count
Anti-social behaviour	314
Violence and sexual offences	314
Theft from the person	308
Other theft	307
Shoplifting	121
Burglary	90
Public order	84
Criminal damage and arson	74
Vehicle crime	66
Drugs	63
Robbery	63
Bicycle theft	34
Other crime	15
Possession of weapons	12
Total incidents	1865

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	0.3 miles	Good — 10 Nov 2021
Hermitage Primary School	Primary	0.4 miles	Requires improvement — 28 Jun 2023
St Michael's Catholic College	Secondary	0.4 miles	Outstanding — 3 Sep 2013
Snowsfields Primary School	Primary	0.4 miles	Good — 14 Sep 2023

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
1 Bed Flat, Tamarind Court, SE1	£2,550/mo	1	0.1 miles	OpenRent
1 Bed Flat, The Circle, SE1	£2,000/mo	1	0.11 miles	OpenRent
Studio Flat, Axis Court, SE16	£1,733/mo	1	0.35 miles	OpenRent
Studio Flat, Axis Court, SE16	£1,733/mo	1	0.35 miles	OpenRent

Average rent: £2,004/mo (4 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.37%

Max investor price (0.8%) £233,375

Target investor price (1%) £186,700

Gross yield 4.5%

Cost-to-rent ratio 22.3×

Monthly cashflow £-314/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -2.6%

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).