The apartment is "exquisitely refurbished", estate agent Maskells said. The previous most expensive former local authority home went for a hair below £1m - £999,950.
It may be in a fifties block, but the apartment's location is not to be sniffed at. Set on the third floor of a block above Stella McCartney's shop on the Fulham Road, it overlooks Pelham Crescent, where the average house price is £7.4m, according to Zoopla.
It's also been completely refurbished by high-end interiors firm Ivar, with "handmade" wooden floors and "bespoke features".
Close to Harrods and the King's road, the the local area is a "highly sought-after location which hosts an array of local amenities", said Maskells. Well, then. It's a bargain...