Apartment 2005, 1
Apartment 2005, 1
Description & Estimates
According to the public record, Apartment 2005, 1, Park Drive is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Apartment 2005, 1, Park Drive is £783,422 and the estimated rental value is £3,147 per month.
The apartment is within 1, Park Drive, London, E14.
Park Drive, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Our Data Sources
Apartment 2005, 1, Park Drive has a single entry in the Land Registry from February 2022 and a single entry in the EPC database dated March 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Apartment 2005, 1, Park Drive is in very good condition we estimate a sale value of £822,593 and a rental value of £3,304 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £728,582 and a rental value of £2,926 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Apartment 2005, 1, Park Drive has fallen by £31,410 (4.0%), while its estimated rental value has moved up by £140 per month (4.4%). Based on current estimates, the property offers a gross rental yield of 4.8%.
Energy Efficiency
Apartment 2005, 1, Park Drive has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Mar 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
According to HM Land Registry, Apartment 2005, 1, Park Drive was last sold on 2nd February 2022 for £835,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since February 2022, the market for similar properties has dropped by 44.8%.
- Sold Feb 2022£835,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 2005, 1, Park Drive within a radius of 200 metres over the last 2 years.
The most recent example is Apartment 3102, 1, Park Drive, London, E14 9AT, a leasehold flat which sold for £875,000 on the 8th November 2023.
Read more about house prices in E14.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Park Drive, London, E14 has a total of 833 addresses. According to our analysis of all the public data, Apartment 2005, 1, Park Drive is the 650th largest and the 536th most expensive property on the street.
When compared to the postcode district it is £308k more expensive than the average property in E14.
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Schools Nearby
- 400mMulberry Wood Wharf Primary School
- 800mSeven Mills Primary School
- 900mCubitt Town Primary School
- 800mCanary Wharf College Crossharbour
- 1.5kmLangdon Park Community School
- 1.6kmGeorge Green's School
More reading links
Public Transport Nearby
The closest station to Apartment 2005, 1, Park Drive is South Quay station, which is 300 metres away.
- 300mSouth Quay
- 300mCanary Wharf
- 400mHeron Quays
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
