Flat 2, 57
Flat 2, 57
Description & Estimates
Public records show Flat 2, 57, Millbank to be a period leasehold apartment with 678 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 2, 57, Millbank has an estimated sale value of £694,371 and an estimated rental value of £3,477 per month, assuming reasonable condition and based on the information available.
The apartment sits within 57, Millbank, London, SW1.
Millbank, London, SW1 lies in the borough of City of Westminster, within the SW1 postal district.
Our Data Sources
Flat 2, 57, Millbank has 21 entries in the Land Registry , most recently in May 2024 and a single entry in the EPC database dated February 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate Flat 2, 57, Millbank would be worth £729,089, with a potential rental value of £3,651 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £645,765, with a rental value of £3,234 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 2, 57, Millbank has decreased by £23,122 (3.3%) over the last year. During the same period, its estimated monthly rental value has grown by £183 (5.3%). The property's estimated gross yield is currently 6.0%.
Energy Efficiency
Flat 2, 57, Millbank has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Feb 2024.
The property is not connected to mains gas and has full secondary glazing. It is heated using Room heaters, electric.
Sold Prices
Flat 2, 57, Millbank last changed hands on 24th May 2024, selling for £774,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 11.1% since May 2024.
- Sold May 2024£774,000
- Sold Oct 2006£249,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 370 metres of Flat 2, 57, Millbank across the last 2 years.
Most recently, Flat 5, 53, Millbank, London, SW1P 4RL, a leasehold flat, sold at £865,000 on the 8th August 2024.
Read more about house prices in SW1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 2, 57, Millbank as the 277th largest and the 338th most expensive of the 381 addresses on Millbank, London, SW1.
Against the SW1 postcode district average, it is £855k less expensive than the typical property.
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Schools Nearby
- 300mMillbank Gardens Primary Academy
- 700mPimlico Primary
- 700mVauxhall Primary School
- 700mPimlico Academy
- 800mLilian Baylis Technology School
- 800mThe Grey Coat Hospital
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Public Transport Nearby
Pimlico station is the nearest stop to Flat 2, 57, Millbank at 400 metres away.
- 400mPimlico
- 500mVauxhall
- 1.1kmNine Elms
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
