# 2 bedroom flat for rent (SE1 2PW)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 15, 3 MILLENNIUM SQUARE, LONDON, LONDON, GREATER LONDON SE1 2PW |
| Price | £1,733 pcm |
| Bedrooms | 2 |
| Construction age | England and Wales: 1983-1990 |
| Floor area | 74 m² |
| Last sold | £345,000 Oct 2005 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** B
- **Current heating cost:** £184/year

### Recommendations
- E (15)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8151-6124-5430-2442-9992)

## Description

A well presented 2 bedroom apartment situated on the 2nd floor of this purpose built development in Shad Thames. The property boasts a spacious reception room with wood floors, semi open plan kitchen and 2 good size double bedrooms. Secure parking is available by separate negotiation. 

Shad Thames is a unique area steeped in history and character situated along the south side of the River Thames. The area is home to London’s most iconic landmark, Tower Bridge and is within the vicinity of many attractions such as The Shard, Tate Modern and Tower of London. Shad Thames boasts a variety of bars and restaurants and is a short walk to the delights of Bermondsey Street, Maltby Street & Borough markets. Although The City is within walking distance the area is well connected with excellent transport links via London Bridge & Tower Hill stations as-well as the river taxi.

## Property Photos

- ![Reception](/listings/photos/89579821/356793) - Reception
- ![Balcony](/listings/photos/89579821/356796) - Balcony
- ![Kitchen](/listings/photos/89579821/356799) - Kitchen
- ![External](/listings/photos/89579821/356802) - External
- ![Bedroom](/listings/photos/89579821/356806) - Bedroom
- ![Bedroom 2](/listings/photos/89579821/356809) - Bedroom 2

## Floorplans

- ![Floorplan](/listings/photos/89579821/356811) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/89579821/356814) - EPC Rating Graph
- ![EPC Rating Graph](/listings/photos/89579821/356815) - EPC Rating Graph

## 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 | 1.09 miles | Rightmove |

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

## Rent-driven metrics

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

- **Gross yield:** 2942.9%
- **Monthly cashflow:** £3,793/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 9057.1%

*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:** £23/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)