According to the public record, Flat 15, 1, Millennium Square, London is a modern leasehold apartment with 828 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 1, Millennium Square, London, SE1.
Millennium Square, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Flat 15, 1, Millennium Square, London has 41 entries in the Land Registry database, most recently in October 2021 and a single entry in the EPC database dated August 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 15 1 Millennium Square London as £672,468 and the rental value as £3,042 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 15 1 Millennium Square London has decreased by £8,092 (1.2%) and its rental value has increased by £65 per month (2.1%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 15, 1, Millennium Square, London is in very good condition we estimate a sale value of £706,091 and rental value of £3,194 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £625,395 and a rental value of £2,829 per month.
If you were able to purchase this property for the estimated value of £672,468, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,305 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 15, 1, Millennium Square, London was last sold on 15 Oct 2021 for £753,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Oct 2021, the market for similar properties has dropped 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 15, 1, Millennium Square, London within a radius of 200 metres over the last 2 years.
The most recent example is Flat 9, 1, Millennium Square, London, SE1 2PW, a Leasehold flat which sold for £810,000 in Oct 2023.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millennium Square, London, SE1 has a total of 55 addresses. According to our analysis of all the public data, Flat 15, 1, Millennium Square, London is the 34th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £25k more expensive than the average property in SE1.
Flat 15, 1, Millennium Square, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Aug 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 15, 1, Millennium Square, London is Bermondsey station which is 800 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 15, 1, Millennium Square, London, 58.9% of property is privately rented and 20.0% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 15, 1, Millennium Square, London, 46.7% of residents are recorded as possessing school level qualifications and 89.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 15, 1, Millennium Square, London, the average age was 34.4 and the most common age was 27.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 15, 1, Millennium Square, London, 1.7% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 15, 1, Millennium Square, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.