Millbank - SW1P 4RL
Key Postcode Insights
SW1P 4RL is a residential postcode situated on Millbank, London, SW1 with 45 addresses.
It ranks as the 1579th largest and 399th most expensive of the 1,802 postcodes in the SW1P area. The most common property type is a period flat built between 1800 and 1911.
The postcode contains a total of 45 properties: 45 flats.
- Ave. Sale Price
- £667,790
- 10 Year change
- down 16.1%
- Ave. Rental Price
- £3,375pcm
- 10 Year change
- up 33.7%
- Ave. £ per ft²
- £1,034/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Key Postcode Insights
SW1P 4RL is a residential postcode situated on Millbank, London, SW1 with 45 addresses.
It ranks as the 1579th largest and 399th most expensive of the 1,802 postcodes in the SW1P area. The most common property type is a period flat built between 1800 and 1911.
The postcode contains a total of 45 properties: 45 flats.
- Ave. Sale Price
- £667,790
- 10 Year change
- down 16.1%
- Ave. Rental Price
- £3,375pcm
- 10 Year change
- up 33.7%
- Ave. £ per ft²
- £1,034/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Explore Propertiesin SW1P 4RL
- 48 Millbank
Period Building | 10 Units
- 49 Millbank
Flat
- 50 Millbank
Period Building | 9 Units
- 53 Millbank
Period Building | 10 Units
- 56 Millbank
Period Building | 10 Units
Sales Market Trends
The last sale in SW1P 4RL sold for £540,000 on 22nd October 2024. Since then prices are down an average of 5.3%.
The current average value in the postcode is £667,790.
The SW1P 4RL Sales Market has decreased by 16.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.9% | £667,790 |
| June 2025 | -2.3% | £695,120 |
| June 2024 | -0.3% | £711,809 |
| June 2023 | -0.9% | £714,081 |
| June 2022 | 1.3% | £720,347 |
| June 2021 | -3.2% | £711,408 |
| June 2020 | 3% | £734,601 |
| June 2019 | -2.5% | £712,914 |
| June 2018 | -4.7% | £731,005 |
| June 2017 | -3.7% | £767,194 |
| June 2016 | 2.4% | £796,362 |
| June 2015 | 3.4% | £777,506 |
| June 2014 | 21.5% | £751,820 |
| June 2013 | 11.2% | £618,855 |
| June 2012 | 10.4% | £556,329 |
| June 2011 | 4.4% | £504,057 |
| June 2010 | 11.2% | £482,684 |
| June 2009 | -9.3% | £434,231 |
| June 2008 | 7.1% | £478,925 |
| June 2007 | 0% | £447,044 |
Rental Market Trends
The current average rental value in the postcode is £3,375.
The SW1P 4RL Rental Market has increased by 33.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.9% | £3,375pcm |
| June 2025 | 1.9% | £3,249pcm |
| June 2024 | 2.3% | £3,189pcm |
| June 2023 | 11.2% | £3,115pcm |
| June 2022 | 21.3% | £2,802pcm |
| June 2021 | -7.3% | £2,310pcm |
| June 2020 | -2.8% | £2,493pcm |
| June 2019 | 2.8% | £2,566pcm |
| June 2018 | 0.7% | £2,495pcm |
| June 2017 | -1.8% | £2,478pcm |
| June 2016 | -0.4% | £2,523pcm |
| June 2015 | 2.6% | £2,534pcm |
| June 2014 | 3% | £2,469pcm |
| June 2013 | -2.8% | £2,396pcm |
| June 2012 | 3.6% | £2,465pcm |
| June 2011 | 7.8% | £2,379pcm |
| June 2010 | 7.6% | £2,206pcm |
| June 2009 | -10.9% | £2,049pcm |
| June 2008 | 10.4% | £2,299pcm |
| June 2007 | 0% | £2,082pcm |
Sales History
The last sale was on 22nd October 2024 for £540,000 and since then the market in the area has decreased by 5.3%. The postcode has had a total of 86 sales since 1995.
SW1P 4RL has seen 7 sales in the last three years and no sales in the last twelve months.
- Sold Oct 2024£540,000 | 2 Bed FlatFlat 2, 50, Millbank, London, SW1P 4RLFlat 2, 50, Millbank, London, SW1P 4RL
- Sold Aug 2024£865,000 | 2 Bed FlatFlat 5, 53, Millbank, London, SW1P 4RLFlat 5, 53, Millbank, London, SW1P 4RL
- Sold Jul 2024£600,000 | 2 Bed FlatFlat 3, 50, Millbank, London, SW1P 4RLFlat 3, 50, Millbank, London, SW1P 4RL
- Sold May 2024£774,000 | 2 Bed FlatFlat 2, 57, Millbank, London, SW1P 4RLFlat 2, 57, Millbank, London, SW1P 4RL
- Sold Jan 2024£765,000 | 2 Bed FlatFlat 4, 57, Millbank, London, SW1P 4RLFlat 4, 57, Millbank, London, SW1P 4RL
Nearby Postcodes
SW1P 4RL is the 1579th largest and the 399th most expensive postcode out of the 1,802 postcodes in the SW1P area.
- SW1P 4PS, Ponsonby Place, London, SW1SW1P 4PS33 Addresses|65 m away
- SW1P 4RW, Millbank, London, SW1SW1P 4RW15 Addresses|66 m away
- SW1P 4RQ, Atterbury Street, London, SW1SW1P 4RQ1 Addresses|78 m away
- SW1P 4QA, Ponsonby Terrace, London, SW1SW1P 4QA22 Addresses|100 m away
- SW1P 4RP, Millbank, London, SW1SW1P 4RP1 Addresses|106 m away
Property Types
- 44 period flats built between 1800 and 1911
- 1 other address of unknown type
- period flat (44)
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 37 properties.
- The most common rating is E.
- A (0)
- E (18)
- B (0)
- F (0)
- C (6)
- G (1)
- D (12)
- No EPC (8)
Top 3 Most Expensive Sales
- Sold Oct 2016£20,200,000 | 3 Bed FlatApartment P101, Riverwalk 161, Millbank, London, SW1P 4FAApartment P101, Riverwalk 161, Millbank, London, SW1P 4FA
- Sold May 2025£18,663,656 | 3 Bed FlatApartment 29, 9, Millbank, London, SW1P 3ANApartment 29, 9, Millbank, London, SW1P 3AN
- Sold Jun 2025£15,851,380 | 3 Bed FlatApartment 92, 9, Millbank, London, SW1P 3ANApartment 92, 9, Millbank, London, SW1P 3AN
Schools Nearby
- Millbank Gardens Primary Academy300 m away
- Pimlico Primary700 m away
- Vauxhall Primary School700 m away
- Pimlico Academy700 m away
- Lilian Baylis Technology School800 m away
- The Grey Coat Hospital800 m away
More reading links
Public Transport Nearby
The closest station to SW1P 4RL is Pimlico station, which is 400 metres away.
- Pimlico|400 m away
- Vauxhall|500 m away
- Nine Elms|1.1 km away
- St James's Park|1.2 km away
