Flat 6, 56 Millbank, London, SW1P 4RL is a leasehold flat built before 1900. The property offers approximately 431 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £476,767 , which equates to approximately £1,107 per square foot. It was last sold on 31 Jan 2022 for £645,000. Since then, the value has decreased by £168,233, representing a 26.1% decrease, or approximately 6.7% per year.

The current estimated value of £476,767 is:

  • 69.5% lower than the average property price on Millbank
  • 33.9% lower than the average in the SW1P 4RL postcode area
  • and 42.9% lower than the average price for London as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 10 August 2021, the property was recorded as rented.

View sold house prices in SW1P 4RL

Building approximate location

About Property

Type
Flat
Built
before 1900
Interior Size
431 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£476,767
Price Per sq ft (estimate)
£1,107
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 6, 56 Millbank, London, City Of Westminster, Greater London, SW1P 4RL has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 10 Aug 2021.

This property uses electric room heaters as its main heating source. A community heating scheme is used to provide hot water. The windows have partial secondary glazing.

The previous EPC assessment was conducted on 22 Oct 2015, when the property was rated F. Since then, the rating has improved to E, with the energy efficiency score increasing by 50%.

Since the previous assessment, several changes were observed:

  • The hot water system was changed from electric immersion, standard tariff to community scheme, with its energy efficiency improving from very poor to good.
  • The wall energy efficiency changing from poor to very poor, with the construction or insulation remaining solid brick, as built, no insulation (assumed).
  • The lighting was updated from no low energy lighting to low energy lighting in 50% of fixed outlets, with efficiency improving from very poor to good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Community scheme
Good
Walls
Solid brick, as built, no insulation (assumed)
Very Poor
Windows
Partial secondary glazing
Poor
Lighting
Low energy lighting in 50% of fixed outlets
Good

Compared to SW1P 4RL

36 th / 38
Price Rank
34% lower than average
32 nd / 35
Size Rank
33% smaller than average
12 th / 35
Price Per Sq FT Rank
1% lower than average

Compared to other properties in SW1P 4RL , this flat's estimated value ranks 36th out of 38. Based on price per square foot, it ranks 12th out of 35 properties. In terms of size, this home ranks 32th out of 35 properties in its postcode area.

Sale History

Today
£476,767
streetscan.co.uk estimate
-26 %
31 Jan 2022
£645,000
Leasehold
+12.2 %
9 Dec 2016
£575,000
Leasehold
+101.8 %
19 Sep 2006
£285,000
Leasehold
+17.3 %
22 Jun 2004
£243,000
Leasehold
+111.3 %
22 Mar 1999
£115,000
Leasehold
+44.7 %
14 Dec 1995
£79,500
Leasehold

Area Insights

Similar Properties Sold Nearby

Flat 10, 56 Millbank, London, SW1P 4RL
rooms: 2
size: 409 sq ft
sale price: £295,000
sale date: 26 Apr 2007
Flat 8, 56 Millbank, London, SW1P 4RL
rooms: 1
size: 420 sq ft
sale price: £84,500
sale date: 4 Jan 1995

Data Sources

The property at Flat 6, 56 Millbank, London, SW1P 4RL appears six times in the Land Registry records, with the latest transaction recorded on 31 Jan 2022. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 10 Aug 2021. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.
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