56 MillbankHouse Prices / London, Westminster, Millbank, SW1P 4RL
Key Building Insights
56 Millbank is a residential building situated on Millbank, London, SW1 with 10 addresses.
It ranks as the 2293rd largest and 917th most expensive of the 2,974 buildings in the SW1P area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 10 properties: 10 flats.
- Flats
Key Building Insights
56 Millbank is a residential building situated on Millbank, London, SW1 with 10 addresses.
It ranks as the 2293rd largest and 917th most expensive of the 2,974 buildings in the SW1P area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 10 properties: 10 flats.
- Flats
House Pricesin 56 Millbank
Sale prices range from £399,216 for 1 bedroom leasehold flats (355 ft2) to £814,025 for 2 bedroom leasehold flats (818 ft2) .
Monthly rental prices range from £2,064 pcm for 1 bed flats to £3,936 pcm for 2 bed flats.
The gross rental yield is between 5.8% and 6.2%.
The average value per square foot is £1,038.
Sales Market Trendsin 56 Millbank
The last sale in 56 Millbank sold for £645,000 on 31st January 2022. Since then prices are down an average of 7.7%.
The current average value in the building is £613,148.
The 56 Millbank Sales Market has decreased by 18.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -3.7% | £613,148 |
| May 2025 | -2.8% | £636,804 |
| May 2024 | -1.1% | £655,047 |
| May 2023 | -0.8% | £662,268 |
| May 2022 | 1.1% | £667,365 |
| May 2021 | -2.9% | £660,066 |
| May 2020 | 3.2% | £679,501 |
| May 2019 | -3.2% | £658,398 |
| May 2018 | -5.2% | £680,125 |
| May 2017 | -4.3% | £717,270 |
| May 2016 | 3.8% | £749,492 |
| May 2015 | 4.8% | £722,046 |
| May 2014 | 23.1% | £689,112 |
| May 2013 | 11.9% | £559,670 |
| May 2012 | 10.5% | £500,177 |
| May 2011 | 4% | £452,827 |
| May 2010 | 9% | £435,246 |
| May 2009 | -10% | £399,252 |
| May 2008 | 8.7% | £443,684 |
| May 2007 | 0% | £408,097 |
Rental Market Trendsin 56 Millbank
The current average rental value in the building is £3,072.
The 56 Millbank Rental Market has increased by 30.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4.2% | £3,072pcm |
| May 2025 | 1.6% | £2,949pcm |
| May 2024 | 1.4% | £2,903pcm |
| May 2023 | 12% | £2,861pcm |
| May 2022 | 20.9% | £2,554pcm |
| May 2021 | -8.9% | £2,112pcm |
| May 2020 | -1.4% | £2,318pcm |
| May 2019 | 2.1% | £2,351pcm |
| May 2018 | -0.4% | £2,301pcm |
| May 2017 | -2.2% | £2,310pcm |
| May 2016 | 0.5% | £2,362pcm |
| May 2015 | 3.6% | £2,351pcm |
| May 2014 | 3.9% | £2,270pcm |
| May 2013 | -2.2% | £2,185pcm |
| May 2012 | 4.5% | £2,235pcm |
| May 2011 | 7.7% | £2,137pcm |
| May 2010 | 4.7% | £1,984pcm |
| May 2009 | -10.5% | £1,895pcm |
| May 2008 | 9.8% | £2,116pcm |
| May 2007 | 0% | £1,926pcm |
Explore Propertiesin 56, Millbank, London, SW1
- Flat 1, 56, Millbank, London, SW1P 4RL2 bed period flat
- Flat 2, 56, Millbank, London, SW1P 4RL
- Flat 3, 56, Millbank, London, SW1P 4RL2 bed period flat
- Flat 4, 56, Millbank, London, SW1P 4RL1 bed period flat
- Flat 5, 56, Millbank, London, SW1P 4RL
- Flat 6, 56, Millbank, London, SW1P 4RL1 bed period flat
- Flat 7, 56, Millbank, London, SW1P 4RL2 bed period flat
- Flat 8, 56, Millbank, London, SW1P 4RL1 bed period flat
- Flat 9, 56, Millbank, London, SW1P 4RL2 bed period flat
- Flat 10, 56, Millbank, London, SW1P 4RL1 bed period flat
Sales Historyin 56, Millbank, London, SW1
The last sale was on 31st January 2022 for £645,000 and since then the market in the area has decreased by 7.7%. The building has had a total of 16 sales since 1995.
56, Millbank, London, SW1 has seen no sales in the last three years and no sales in the last twelve months.
Property Typesin 56 Millbank
- 8 period flats built between 1800 and 1911
- 2 other addresses of unknown type
- period flat (8)
- Unknown (2)
Energy Efficiencyof properties in 56 Millbank
- Energy Performance Certificate (EPC) surveys conducted for 8 properties.
- The dominant rating is E.
- A (0)
- E (4)
- B (0)
- F (0)
- C (2)
- G (0)
- D (2)
- No EPC (2)
Top 3 Most Expensive Saleson Millbank, London, SW1
- Sold Oct 2016£20,200,000 | 3 Bed FlatRiverwalk 161, MillbankApartment P101, Riverwalk 161, Millbank, London, SW1P 4FA
- Sold May 2025£18,663,656 | 3 Bed Flat9, MillbankApartment 29, 9, Millbank, London, SW1P 3AN
- Sold Jun 2025£15,851,380 | 3 Bed Flat9, MillbankApartment 92, 9, Millbank, London, SW1P 3AN
Schools Nearby
- 300mMillbank Gardens Primary Academy
- 700mPimlico Primary
- 700mVauxhall Primary School
- 700mPimlico Academy
- 800mLilian Baylis Technology School
- 800mThe Grey Coat Hospital
More reading links
Public Transport Nearby
The closest station to 56, Millbank, London, SW1 is Pimlico station, which is 400 metres away.
- 400mPimlico
- 500mVauxhall
- 1.1kmNine Elms
- 1.2kmSt James's Park
