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See how verdicts work2-bedroom flat · SW1P 4RL
For saleReduced £25k (−2.9%) on 9 OctListed 99 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within an elegant and beautifully maintained white stucco-fronted building in the heart of Millbank, this immaculate second-floor apartment extends to approximately 844 sq ft and enjoys a desirable corner position with views of the River Thames.
Offered chain free, the property is held with a share of freehold and benefits from a 981-year lease.
The apartment is filled with natural light, with floor-to-ceiling south facing windows in all rooms and the generous living and dining room creating bright and inviting living spaces throughout.
An entrance hall leads to a well-proportioned reception room, a separate kitchen, two double bedrooms with built-in wardrobes, and a well-appointed bathroom.
Newly installed double-glazed windows further enhance comfort, energy efficiency, and provide excellent noise isolation.
The building is exceptionally well maintained and benefits from the services of a porter, together with access to a beautifully landscaped private residents' garden.
Situation Millbank is one of Westminster's most sought-after addresses, ideally positioned for the River Thames and within easy reach of Pimlico Underground station, offering excellent transport connections across London.
The area is also well served by a range of local shops, cafés and restaurants, with the open spaces of St James's Park and the amenities of Westminster and Victoria all close by.
Property Ref Number: Ham-66375
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat 4, 57, Millbank, London
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