Apartment 2702, 1
Apartment 2702, 1
Description & Estimates
Apartment 2702, 1, Park Drive is recorded publicly as a modern leasehold apartment across 635 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Apartment 2702, 1, Park Drive is £783,422 and its rental estimate is £3,147 per month, given the available information and assuming reasonable condition.
1, Park Drive is a residential building on Park Drive, London, E14 and falls within the E14 postal district and the London Borough of Tower Hamlets.
Our Data Sources
Apartment 2702, 1, Park Drive has a single entry in the Land Registry from January 2023 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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Apartment 2702, 1, Park Drive, we estimate a market value of £822,593 and a rental value of £3,304 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £728,582 and £2,926 per month respectively.
Recent Market Change
Over the last year, Apartment 2702, 1, Park Drive has seen its estimated sale value decline by £31,410 (4.0%) and its estimated rental value climb by £140 per month (4.4%). This results in an estimated gross rental yield of 4.8%.
Energy Efficiency
Apartment 2702, 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
The most recent sale of Apartment 2702, 1, Park Drive completed on 27th January 2023 at £855,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 43.8% over the period since January 2023.
- Sold Jan 2023£855,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Apartment 2702, 1, Park Drive have sold within a radius of 200 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 8th November 2023, was Apartment 3102, 1, Park Drive, London, E14 9AT, a leasehold flat which sold for £875,000.
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
Of the 833 addresses on Park Drive, London, E14, Apartment 2702, 1, Park Drive comes out as the 643rd largest and the 529th most expensive in our analysis of the public data.
It is also £308k more expensive than the average property across the E14 district.
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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
From Apartment 2702, 1, Park Drive, the nearest station is South Quay, 300 metres away.
- 300mSouth Quay
- 300mCanary Wharf
- 400mHeron Quays
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
