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£96,000 below fair value

SW1P 2TB

Ormond House, Medway Street, Westminster, London, SW1P

1 Beds
1 Baths
46 m² Floor area
Type Flat
Listed 15 May 2026
Asking price £495,000
Price per m² £10,761 / m²

We are pleased to offer this bright one bedroom apartment for sale of approx. 432sq.ft (40.1sq.m) located on the ground floor of this popular modern development in Westminster, located moments from the Houses of Parliament and River Thames. The accommodation comprises of a separate kitchen, a reception room with access to a private balcony overlooking pretty greenery, a good size double bedroom with fitted wardrobes and access to a further balcony. Residents of Ormond House benefit from a daytime porterage service, secure entry phone system and there is a secure underground parking space. Medway Street is extremely convenient for access to many of the renowned local landmarks which include the Houses of Parliament and Westminster Abbey. The local transport links of Victoria Station is nearby providing mainline UK services including the Gatwick Express as well as the underground services of Victoria, Pimlico, St James Park and Westminster. The area has an abundance of amenities and restaurants such as The Cinnamon Club, the Ivy Bar and Grill and Yaatra based in the Old Westminster Fire Station. Just a short walk away is St Johns Smith Square Concert Halls offering a variety of classical musical performances.

Ground Rent: £250 Per Annum
Service Charge: Approx. £5000 Per Annum (heating and hot water costs included and sinking fund)
Leasehold: 93 Years Remaining (125 Years From 1993)
Council Tax Band F (London Borough of Westminster)
EPC Rating: C (79)

How the asking price has moved

May 2026
£495,000
Listed at original asking price

What similar homes actually sold for

Nearby Land Registry transactions — the data behind our fair price estimate.

Source: HM Land Registry · SW1P 2TB · Sorted by date

Ormond House, Medway Street, Westminster, London, SW1P

Our fair price estimate
£591,000
Nearby sold prices per m² × UK HPI × 46 m² floor area (EPC-declared)
Asking price £495,000
Fair price £591,000
Difference ↓ £96,000 under
Price per m² £10,761 / m²
Contact landlord
About this valuation

Fair price calculated from HM Land Registry sold prices in the same postcode area, adjusted by the UK House Price Index, and multiplied by the EPC-declared floor area of 46 m². Updated daily.