Housing Market Analysis for MILLBANK, SW1P 4RL

Are you looking to understand SW1P 4RL house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Westminster postcode.

For the location information and nearby amenities in the SW1P 4RL area, explore the SW1P 4RL Area information page.
For comprehensive crime statistics in the SW1P 4RL area, explore the SW1P 4RL Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the SW1P 4RL postcode area, The average prices are as follows,

Flat
- The average price is around £338,240 median price is £295,000 Standard Deviation is £196,092 with Total Sold: 81
- The Last 5 Year average price is £737,083 with Total Sold: 6
- The most recent sale happened at this postcode is FLAT 7, 48 MILLBANK: £705,000 (Sold on 10 Nov 2023)
- The first recorded sale happened at this postcode is FLAT 8, 56 MILLBANK: £84,500 (Sold on 04 Jan 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average SW1P 4RL house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£872,500	£13,720	2
2022	£597,500	£13,433	2
2020	£862,500	£12,776	1
2019	£620,000	£12,917	1
2016	£575,000	£14,375	1
2015	£722,750	£11,902	4
2013	£432,500	£10,762	2
2011	£520,000	£8,504	4
2009	£382,500	£6,887	2
2008	£462,500		1
2007	£421,250		8
2006	£318,500		4
2005	£292,500		2
2004	£294,100		5
2003	£266,750	£5,758	4
2002	£294,875		8
2001	£229,725		2
2000	£247,000	£4,127	5
1999	£161,400	£2,810	10
1998	£170,500		4
1997	£177,167		3
1996	£117,500		1
1995	£114,300		5

All the Sales in the MILLBANK, SW1P 4RL

See the table below for more details on the sold house prices in the SW1P 4RL, Westminster postcode.

Address	Sold Date	Price	% Change
FLAT 7, 48 MILLBANKFlat, LeaseholdArea: 57 Sq.mtrAge: before 1900	10 Nov 2023	£705,000	4.44%
	30 Sep 2015	£675,000	117.74%
	07 Jun 2005	£310,000	138.46%
	14 Jul 1995	£130,000	First Sale
FLAT 3, 48 MILLBANKFlat, LeaseholdArea: 69 Sq.mtrAge: 1900-1929	02 Aug 2023	£1,040,000	550.00%
	27 Sep 1995	£160,000	First Sale
FLAT 1, 50 MILLBANKFlat, LeaseholdArea: 51.21 Sq.mtrAge: before 1900	29 Apr 2022	£550,000	52.78%
	23 Aug 2007	£360,000	30.91%
	03 Nov 2005	£275,000	First Sale
FLAT 6, 56 MILLBANKFlat, LeaseholdArea: 40 Sq.mtrAge: before 1900	31 Jan 2022	£645,000	12.17%
	09 Dec 2016	£575,000	101.75%
	19 Sep 2006	£285,000	17.28%
	22 Jun 2004	£243,000	111.30%
	22 Mar 1999	£115,000	44.65%
	14 Dec 1995	£79,500	First Sale
FLAT 5, 57 MILLBANKFlat, LeaseholdArea: 67.51 Sq.mtr	30 Jun 2020	£862,500	First Sale
FLAT 8, 50 MILLBANKFlat, LeaseholdArea: 48 Sq.mtrAge: 1900-1929	26 Jul 2019	£620,000	25.25%
	10 Apr 2013	£495,000	28.57%
	26 Sep 2007	£385,000	37.50%
	17 Nov 2003	£280,000	12.25%
	23 Nov 2001	£249,450	13.39%
	29 Aug 2000	£220,000	51.72%
	11 Jan 1999	£145,000	First Sale
FLAT 9, 56 MILLBANKFlat, LeaseholdArea: 55 Sq.mtrAge: before 1900	18 Nov 2015	£681,000	144.09%
	08 Feb 2002	£279,000	First Sale
FLAT 10, 53 MILLBANKFlat, LeaseholdArea: 64 Sq.mtrAge: before 1900	06 Nov 2015	£675,000	181.25%
	16 Jul 2002	£240,000	First Sale
FLAT 8, 48 MILLBANKFlat, LeaseholdArea: 67 Sq.mtrAge: 1983-1990	10 Mar 2015	£860,000	First Sale
FLAT 4, 56 MILLBANKFlat, LeaseholdArea: 33 Sq.mtrAge: before 1900	04 Jan 2013	£370,000	94.74%
	20 Jun 2003	£190,000	First Sale
FLAT 1, 57 MILLBANKFlat, LeaseholdArea: 65 Sq.mtrAge: 1950-1966	15 Dec 2011	£420,000	54.13%
	23 Dec 2004	£272,500	First Sale
FLAT 5, 50 MILLBANKFlat, LeaseholdArea: 57.78 Sq.mtrAge: before 1900	13 Jun 2011	£585,000	24.47%
	07 Dec 2007	£470,000	First Sale
FLAT 1, 56 MILLBANKFlat, LeaseholdArea: 64.121 Sq.mtrAge: before 1900	21 Apr 2011	£525,000	169.23%
	29 Aug 1997	£195,000	First Sale
FLAT 9, 48 MILLBANKFlat, LeaseholdArea: 59.5 Sq.mtrAge: before 1900	04 Feb 2011	£550,000	41.03%
	17 Aug 2009	£390,000	160.00%
	31 Mar 1999	£150,000	First Sale
FLAT 4, 53 MILLBANKFlat, LeaseholdArea: 51.94 Sq.mtrAge: before 1900	23 Sep 2009	£375,000	17.19%
	04 Oct 2004	£320,000	39.13%
	31 Aug 2000	£230,000	50.33%
	21 Jul 1999	£153,000	36.61%
	27 Feb 1998	£112,000	First Sale
FLAT 7, 56 MILLBANKFlat, Leasehold	01 Aug 2008	£462,500	First Sale
FLAT 2, 50 MILLBANKFlat, Leasehold	14 Nov 2007	£360,000	148.28%
FLAT 2, 50 MILLBANKFlat, Leasehold	28 Jul 1999	£145,000	First Sale
FLAT 4, 48 MILLBANKFlat, Leasehold	10 Aug 2007	£570,000	42.50%
	20 Dec 2002	£400,000	77.78%
	18 Sep 1998	£225,000	First Sale
FLAT 1, 53 MILLBANKFlat, Leasehold	02 Jul 2007	£455,000	133.33%
	30 Jul 1999	£195,000	18.18%
	28 May 1999	£165,000	First Sale
FLAT 10, 56 MILLBANKFlat, Leasehold	26 Apr 2007	£295,000	68.57%
FLAT 10, 56 MILLBANKFlat, Leasehold	24 Mar 2000	£175,000	First Sale
FLAT 4, 57 MILLBANKFlat, Leasehold	23 Feb 2007	£475,000	43.94%
	28 Feb 2002	£330,000	57.89%
	29 Jul 1997	£209,000	First Sale
FLAT 2, 57 MILLBANKFlat, Leasehold	19 Oct 2006	£249,000	First Sale
FLAT 5, 53 MILLBANKFlat, Leasehold	14 Aug 2006	£410,000	82.22%
FLAT 5, 53 MILLBANKFlat, Leasehold	30 Apr 1999	£225,000	First Sale
49 MILLBANKFlat, Leasehold	28 Apr 2006	£330,000	88.57%
49 MILLBANKFlat, Leasehold	17 Jun 1998	£175,000	First Sale
FLAT 7, 53 MILLBANKFlat, Leasehold	08 Apr 2004	£325,000	First Sale
FLAT 3, 53 MILLBANKFlat, Leasehold	16 Jan 2004	£310,000	First Sale
FLAT 7, 50 MILLBANKFlat, Leasehold	16 Dec 2003	£310,000	1.64%
FLAT 7, 50 MILLBANKFlat, Leasehold	16 Aug 2002	£305,000	First Sale
FLAT 4, 50 MILLBANKFlat, Leasehold	20 Mar 2003	£287,000	144.26%
FLAT 4, 50 MILLBANKFlat, Leasehold	29 Sep 1995	£117,500	First Sale
FLAT 2, 48 MILLBANKFlat, Leasehold	03 Dec 2002	£355,000	First Sale
FLAT 9, 50 MILLBANKFlat, Leasehold	30 Aug 2002	£290,000	127.45%
FLAT 9, 50 MILLBANKFlat, Leasehold	24 Jul 1997	£127,500	First Sale
FLAT 6, 48 MILLBANKFlat, Leasehold	04 Mar 2002	£160,000	-48.39%
FLAT 6, 48 MILLBANKFlat, Leasehold	05 Dec 2000	£310,000	First Sale
FLAT 2, 53 MILLBANKFlat, Leasehold	27 Apr 2001	£210,000	34.62%
FLAT 2, 53 MILLBANKFlat, Leasehold	21 Dec 1999	£156,000	First Sale
FLAT 3, 57 MILLBANKFlat, LeaseholdArea: 97 Sq.mtrAge: before 1900	31 Aug 2000	£300,000	First Sale
FLAT 8, 53 MILLBANKFlat, LeaseholdArea: 54 Sq.mtrAge: 1900-1929	05 Nov 1999	£165,000	First Sale
FLAT 5, 48 MILLBANKFlat, Leasehold	22 May 1998	£170,000	First Sale
FLAT 6, 50 MILLBANKFlat, Leasehold	21 May 1996	£117,500	First Sale
FLAT 8, 56 MILLBANKFlat, Leasehold	04 Jan 1995	£84,500	First Sale

Check out the sold house prices near the SW1P 4RL postcode. Properties currently for saleProperties currently for rent

MILLBANK, SW1P 4RL Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the SW1P 4RL postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the SW1P 4RL postcode.

Flat
- The average price is around £696,405 median price is £454,075 Standard Deviation is £854,283 with Total Sold: 8,995
- The Last 5 Year average price is £1,041,612 with Total Sold: 1,048
- The most recent sale happened at this postcode is FLAT 750, 4 ST GEORGE WHARF: £725,000 (Sold on 21 Jun 2024)
- The first recorded sale happened at this postcode is FLAT 88, JESSEL HOUSE PAGE STREET: £23,881 (Sold on 03 Jan 1995)
Other
- The average price is around £5,205,538 median price is £143,228 Standard Deviation is £19,152,276 with Total Sold: 130
- The Last 5 Year average price is £6,674,594 with Total Sold: 68
- The most recent sale happened at this postcode is , 1 BESSBOROUGH GARDENS: £41,400,000 (Sold on 12 Jun 2024)
- The first recorded sale happened at this postcode is BASEMENT STORAGE AREA, 89 ALBERT EMBANKMENT: £59,999,000 (Sold on 10 Sep 2013)
Terraced
- The average price is around £1,099,205 median price is £825,000 Standard Deviation is £806,904 with Total Sold: 280
- The Last 5 Year average price is £1,950,264 with Total Sold: 36
- The most recent sale happened at this postcode is , 9 AYLESFORD STREET: £1,080,000 (Sold on 24 May 2024)
- The first recorded sale happened at this postcode is , 15B VINCENT SQUARE: £410,000 (Sold on 03 Jan 1995)
Semi-Detached
- The average price is around £745,978 median price is £487,500 Standard Deviation is £507,580 with Total Sold: 10
- The most recent sale happened at this postcode is , 43 PONSONBY PLACE: £1,400,000 (Sold on 20 Nov 2009)
- The first recorded sale happened at this postcode is , 109 VINCENT STREET: £330,000 (Sold on 09 Feb 1996)
Detached
- The average price is around £217,144 median price is £219,000 Standard Deviation is £101,690 with Total Sold: 6
- The most recent sale happened at this postcode is FLAT 37, WESTMINSTER GARDENS MARSHAM STREET: £350,000 (Sold on 13 Mar 2001)
- The first recorded sale happened at this postcode is , 30 WANDSWORTH ROAD: £129,862 (Sold on 13 Sep 1996)

Sold Price Trend Over the Years:

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£776,519	£9,603	37
2023	£976,880	£11,133	184
2022	£957,177	£11,553	175
2021	£785,861	£10,055	197
2020	£1,235,623	£14,299	291
2019	£1,227,105	£12,194	164
2018	£1,548,543	£14,416	276
2017	£1,449,397	£14,403	282
2016	£1,617,893	£16,346	415
2015	£1,134,950	£13,009	265
2014	£1,396,866	£13,692	511
2013	£863,107	£11,072	317
2012	£667,933	£9,073	203
2011	£607,190	£8,389	233
2010	£563,135	£7,964	307
2009	£506,857	£7,043	171
2008	£511,551	£7,555	278
2007	£553,440	£7,257	373
2006	£468,400	£6,141	393
2005	£464,316	£5,816	511
2004	£369,556	£5,409	414
2003	£415,619	£5,331	473
2002	£383,702	£4,879	394
2001	£372,249	£4,492	320
2000	£330,243	£3,944	489
1999	£283,132	£3,532	475
1998	£209,286	£2,875	262
1997	£184,146	£2,282	262
1996	£182,354	£1,916	201
1995	£119,941	£1,796	122

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£17,391,667		3
2023	£2,208,400	£10,489	10
2022	£4,517,562	£12,844	8
2021	£18,654,875	£19,389	13
2020	£4,129,460	£5,334	20
2019	£1,312,168	£50,594	14
2018	£499,544	£3,343	22
2017	£347,016	£699	19
2016	£156,696	£530	10
2015	£8,733,048		6
2014	£833,333	£12,381	3
2013	£74,399,500		2

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£1,677,500	£11,207	2
2023	£2,018,000	£11,595	5
2022	£2,054,375	£12,751	12
2021	£3,130,000	£12,335	3
2020	£1,491,500	£13,124	8
2019	£1,798,333	£11,339	6
2018	£1,856,667	£10,456	3
2017	£1,870,000	£12,477	4
2016	£1,955,000	£17,661	7
2015	£1,648,364	£12,266	11
2014	£1,631,429	£12,709	7
2013	£1,984,917	£12,099	11
2012	£1,407,846	£11,602	13
2011	£1,666,812	£10,345	16
2010	£1,131,990	£9,711	5
2009	£1,276,875	£9,404	8
2008	£858,208	£12,711	4
2007	£1,001,250	£9,351	4
2006	£1,083,750	£6,577	8
2005	£870,714	£6,322	7
2004	£956,867	£5,278	6
2003	£574,773	£4,557	11
2002	£979,200	£10,691	10
2001	£658,517	£9,247	15
2000	£647,889	£4,496	9
1999	£521,248	£3,341	21
1998	£491,673	£3,557	26
1997	£436,077	£3,103	20
1996	£367,357	£2,436	7
1995	£346,432	£2,373	11

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2009	£1,400,000	£9,511	1
2007	£1,825,000	£8,732	1
2005	£968,888	£5,205	2
2002	£530,000	£4,649	1
1999	£400,000	£3,309	2
1998	£318,500	£3,071	2
1996	£330,000	£1,579	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2001	£350,000	£3,182	1
1998	£250,000	£2,857	2
1997	£161,500	£2,345	2
1996	£129,862		1

House Type in SW1P 4RL area

The most common house types in the SW1P 4RL postcode area are Flat (43), Terraced (31), and Shared house (19).

Total	98
Flat	43
Terraced	31
Shared house	19
commercial building	3
Semi-detached	1
converted building	1
Detached	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (33), and Social rented: Other social rented (27).

Private rented: Private landlord or letting agency	33
Social rented: Other social rented	27
Owned: Owns outright	20
Owned: Owns with a mortgage or loan	14
Social rented: Rents from council or Local Authority	3
Private rented: Other private rented	3
Does not apply	0
Shared ownership: Shared ownership	0
Lives rent free	0

Number of People in a Household

The most houses in the SW1P 4RL have 1 person in household (42), and 2 people in household (33).

1 person in household	42
2 people in household	33
4 people in household	11
3 people in household	9
5 people in household	4
6 people in household	1
0 people in household	0
7 people in household	0
8 or more people in household	0