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£309,000 below fair value

SE1 7AF

Southbank Place, London, SE1

1 Beds
1 Baths
60 m² Floor area
Type Flat
Listed 15 May 2026
Asking price £850,000
Price per m² £14,167 / m²

This luxurious, modern one-bedroom apartment is set within Southbank Place, a prestigious development in the heart of London’s Southbank cultural mile. The apartment spans 650 sq ft and boasts floor-to-ceiling glass panels, under-floor heating throughout, comfort cooling, integrated lighting with scene-setting controls, powered blinds, and full home automation. The property offers south-facing views and is fully wired for AV, IT, and other smart home features.

Residents enjoy exclusive access to state-of-the-art leisure facilities, including a gym, swimming pool, health centre, spa, relaxation lounge, sauna, steam room, screening room, and residents' lounge. There is also an outdoor terrace perfect for socializing. With 24-hour concierge service, 18,000 sq ft of leisure facilities, and 48,000 sq ft of shops, restaurants, and bars, Southbank Place provides unparalleled luxury living. It also benefits from a direct entrance to London Waterloo Station, making it a prime investment in one of London's most sought-after locations.

Adjacent to the iconic London Eye and Jubilee Gardens, this apartment offers stunning views of the city skyline and is ideally located near Westminster, the Houses of Parliament, and key attractions such as the Tate Modern and Royal Festival Hall. With its proximity to Borough Market, St. Paul’s, and The City, as well as excellent transport links via Waterloo and Southwark stations, this property presents an outstanding opportunity to enjoy London living at its finest.

LEASEHOLD INFORMATION:

GROUND RENT: £600 per year (Ask agent about the review period)

ANNUAL SERVICE CHARGE: £10,423 PA

LENGTH OF LEASE: 989 years left

How the asking price has moved

May 2026
£850,000
Listed at original asking price

What similar homes actually sold for

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

Address Sold price Date Type
Flat 1603, 5, 5 BELVEDERE ROAD, SE1 7AF £3,400,000 Feb 2026 Flat
Flat 1005, 5, 5 BELVEDERE ROAD, SE1 7AF £11,193,728 Dec 2024 Flat
Flat 301, 5, 5 BELVEDERE ROAD, SE1 7AF £3,000,000 Mar 2022 Flat
Flat 905, 5, 5 BELVEDERE ROAD, SE1 7AF £5,850,000 Jan 2022 Flat
Flat 204, 5, 5 BELVEDERE ROAD, SE1 7AF £2,512,500 Dec 2021 Flat
Flat 1401, 5, 5 BELVEDERE ROAD, SE1 7AF £3,695,250 Nov 2021 Flat
Flat 1702, 5, 5 BELVEDERE ROAD, SE1 7AF £2,798,250 Nov 2021 Flat
Flat 1301, 5, 5 BELVEDERE ROAD, SE1 7AF £3,500,000 Sep 2021 Flat
Flat 801, 5, 5 BELVEDERE ROAD, SE1 7AF £3,973,750 Sep 2021 Flat
Flat 1202, 5, 5 BELVEDERE ROAD, SE1 7AF £2,325,000 Mar 2021 Flat
Flat 705, 5, 5 BELVEDERE ROAD, SE1 7AF £2,991,000 Mar 2021 Flat
Flat 703, 5, 5 BELVEDERE ROAD, SE1 7AF £3,490,000 Sep 2020 Flat
Flat 407, 5, 5 BELVEDERE ROAD, SE1 7AF £1,000,000 Sep 2020 Flat
Flat 1102, 5, 5 BELVEDERE ROAD, SE1 7AF £1,980,000 Sep 2020 Flat
Flat 706, 5, 5 BELVEDERE ROAD, SE1 7AF £1,950,000 Sep 2020 Flat
Source: HM Land Registry · SE1 7AF · Sorted by date

Southbank Place, London, SE1

Our fair price estimate
£1,159,000
Nearby sold prices per m² × UK HPI × 60 m² floor area (EPC-declared)
Asking price £850,000
Fair price £1,159,000
Difference ↓ £309,000 under
Price per m² £14,167 / 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 60 m². Updated daily.