Flat 8, 56 Millbank, London, SW1P 4RL is a leasehold flat built before 1900. The property offers approximately 420 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £525,619 , which equates to approximately £1,252 per square foot. It was last sold on 4 Jan 1995 for £84,500. Since then, the value has increased by £441,119, representing a 522.0% increase, or approximately 16.8% per year.

The current estimated value of £525,619 is:

  • 66.4% lower than the average property price on Millbank
  • 27.2% lower than the average in the SW1P 4RL postcode area
  • and 37.1% lower than the average price for London as a whole

View sold house prices in SW1P 4RL

Building approximate location

About Property

Type
Flat
Built
before 1900
Interior Size
420 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£525,619
Price Per sq ft (estimate)
£1,252
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 8, 56 Millbank, London, City Of Westminster, Greater London Authority, SW1P 4RL has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 28 Aug 2019.

This property uses electric room heaters as its main heating source. A standard tariff electric immersion heater is used to provide hot water. The windows have full secondary glazing.

The previous EPC assessment was conducted on 13 Jul 2009, when the property was rated D. The current rating of E reflects a decline in energy efficiency of 8.5%.

Since the previous assessment, several changes were observed:

  • The windows were upgraded from secondary glazing to full secondary glazing.
  • The lighting was updated from low energy lighting in 25% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from average to very good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, standard tariff
Very Poor
Walls
Solid brick, as built, no insulation (assumed)
Very Poor
Windows
Full secondary glazing
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to SW1P 4RL

35 th / 38
Price Rank
27% lower than average
33 rd / 35
Size Rank
35% smaller than average
10 th / 35
Price Per Sq FT Rank
12% higher than average

Compared to other properties in SW1P 4RL , this flat's estimated value ranks 35th out of 38. Based on price per square foot, it ranks 10th out of 35 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 33th out of 35 properties in its postcode area.

Sale History

Today
£525,619
streetscan.co.uk estimate
+522 %
4 Jan 1995
£84,500
Leasehold

Area Insights

Similar Properties Sold Nearby

Flat 6, 56 Millbank, London, SW1P 4RL
rooms: 2
size: 431 sq ft
sale price: £645,000
sale date: 31 Jan 2022
Flat 10, 56 Millbank, London, SW1P 4RL
rooms: 2
size: 409 sq ft
sale price: £295,000
sale date: 26 Apr 2007

Data Sources

The property at Flat 8, 56 Millbank, London, City Of Westminster, Greater London Authority, SW1P 4RL appears once in the Land Registry records, with the transaction recorded on 4 Jan 1995. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 28 Aug 2019. 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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