# 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 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 04/07/2031
- **Current heating cost:** £244/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/0454-3007-9203-5129-7200)

## 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.

## 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)