1/5

1 bed flat for sale Mill Lane, New Cross, SE8

Asking price

£300,000

Reduced on 16/10/2026

Type: Flat
Bedrooms: 1
Bathrooms: 1
Size: £638 per sq ft
Tenure: Leasehold

Council tax Band B £1,740 a year

About this property

This spacious one-bedroom apartment is situated on the second floor of the popular Distillery Tower. The bright and contemporary open-plan kitchen and reception room benefits from floor-to-ceiling windows, creating a light and airy living space with ample room to dine and direct access to a private balcony. The property also offers a generous double bedroom and a large, fully tiled bathroom, making this an ideal home for first-time buyers or investors alike.

Floorplan

Council tax

Band B £1,740 a year

Per year

Band A

£1,492
Band B

This home: £1,740
Band C

£1,989
Band D

£2,237
Band E

£2,735
Band F

£3,232
Band G

£3,729
Band H

£4,475

This home is in band B, which costs £1,740 a year in Lewisham for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Lewisham, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

100 comparables · within 0.9 miles

Cheaper than 53% of the 1-bed flats for sale nearby right now.

This home, £300,000 Median £320,000 · £250,000 – £400,000

Per square foot

£638 2% over

1-bed flats nearby £629

Against sold prices

1% over

SE8 sold median £632 / sq ft, 477 sales

Compared with 100 1-bed flats for sale within 0.9 miles, on the market now or already under offer. The range is the middle 80% of their asking prices. Sold prices are HM Land Registry sales in SE8 over the last 24 months, per square foot of EPC floor area. All sold £/sq ft in SE8 →

Location

Mill Lane, New Cross, SE8

Open map Street View

Mortgage and stamp duty

Property price £300,000

£150k £450k

Deposit10% £30,000

£0 £300k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £270,000 mortgage. Most lenders would want a household income of about £60,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
Flat 404, Distillery Tower, 1, Mill Lane Flat / maisonette	Flat / maisonette	Nov 2024	818 sq ft £507/sq ft	818 sq ft	£507	£415,000
Flat 605, Distillery Tower, 1, Mill Lane Flat / maisonette	Flat / maisonette	Sept 2023	484 sq ft £566/sq ft	484 sq ft	£566	£274,000
Flat 1102, Distillery Tower, 1, Mill Lane Flat / maisonette	Flat / maisonette	Jul 2023	495 sq ft £656/sq ft	495 sq ft	£656	£325,000
Flat 1002, Distillery Tower, 1, Mill Lane Flat / maisonette	Flat / maisonette	Aug 2022	495 sq ft £677/sq ft	495 sq ft	£677	£335,000
Flat 103, Distillery Tower, 1, Mill Lane Flat / maisonette	Flat / maisonette	Aug 2022	829 sq ft £561/sq ft	829 sq ft	£561	£465,000
Flat 101, Distillery Tower, 1, Mill Lane Flat / maisonette	Flat / maisonette	Apr 2022	495 sq ft £555/sq ft	495 sq ft	£555	£275,000
Flat 702, Distillery Tower, 1, Mill Lane Flat / maisonette	Flat / maisonette	Dec 2021	495 sq ft £666/sq ft	495 sq ft	£666	£330,000
Flat 1403, Distillery Tower, 1, Mill Lane Flat / maisonette	Flat / maisonette	Jun 2021	764 sq ft £608/sq ft	764 sq ft	£608	£465,000