Flat 8, 48 Millbank, London, SW1P 4RL is a leasehold flat built before 1900. The property offers approximately 786 square feet of living space and is situated on the 4th floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £744,387 , which equates to approximately £947 per square foot. It was last sold on 10 Mar 2015 for £860,000. Since then, the value has decreased by £115,613, representing a 13.4% decrease, or approximately 1.2% per year.

The current estimated value of £744,387 is:

  • 52.4% lower than the average property price on Millbank
  • 3.1% higher than the average in the SW1P 4RL postcode area
  • and 10.9% lower than the average price for London as a whole

At the most recent EPC inspection on 27 March 2025, 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
786 sq ft
Tenure
Leasehold
Floor level
4th floor
Price (estimate)
£744,387
Price Per sq ft (estimate)
£947
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 8, 48 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 27 Mar 2025.

This property uses electric storage heaters as its main heating source. Electric instantaneous heaters at the point of use are used to provide hot water. The windows have partial double glazing.

The previous EPC assessment was conducted on 31 Oct 2014, when the property was rated D. The current rating of E reflects a decline in energy efficiency of 29.1%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from room heaters, electric to electric storage heaters, improving energy efficiency from very poor to average.
  • The hot water system changed from electric immersion, standard tariff to electric instantaneous at point of use, with no change in energy efficiency (very poor).
  • The roof construction or insulation changed from pitched, 100 mm loft insulation to pitched, 150 mm loft insulation, improving energy efficiency from average to good.
  • The wall construction or insulation changed from timber frame, as built, insulated (assumed) to timber frame, as built, no insulation (assumed), changing energy efficiency from good to very poor.
  • The lighting was changed from low energy lighting in 71% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Electric storage heaters
Average
Hot Water
Electric instantaneous at point of use
Very Poor
Roof
Pitched, 150 mm loft insulation
Good
Walls
Timber frame, as built, no insulation (assumed)
Very Poor
Windows
Partial double glazing
Poor
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to SW1P 4RL

15 th / 38
Price Rank
3% higher than average
6 th / 35
Size Rank
22% bigger than average
29 th / 35
Price Per Sq FT Rank
16% lower than average

Compared to other properties in SW1P 4RL , this flat's estimated value ranks 15th out of 38. Based on price per square foot, it ranks 29th out of 35 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 6th out of 35 properties in its postcode area.

Sale History

Today
£744,387
streetscan.co.uk estimate
-13 %
10 Mar 2015
£860,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 743 sq ft
sale price: £865,000
sale date: 8 Aug 2024
rooms: 3
size: 678 sq ft
sale price: £774,000
sale date: 24 May 2024
rooms: 3
size: 807 sq ft
sale price: £765,000
sale date: 19 Jan 2024
rooms: 3
size: 743 sq ft
sale price: £1,040,000
sale date: 2 Aug 2023
rooms: 3
size: 850 sq ft
sale price: £862,500
sale date: 30 Jun 2020

Data Sources

The property at Flat 8, 48 Millbank, London, City Of Westminster, Greater London, SW1P 4RL appears once in the Land Registry records, with the transaction recorded on 10 Mar 2015. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 27 Mar 2025. 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.


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