Apartment 3701, 1
Apartment 3701, 1
Description & Estimates
Apartment 3701, 1, Park Drive is recorded publicly as a modern leasehold apartment across 1,474 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Apartment 3701, 1, Park Drive is £1,602,879 and its rental estimate is £6,215 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 3701, 1, Park Drive has a single entry in the Land Registry from July 2023 and a single entry in the EPC database dated May 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 3701, 1, Park Drive, we estimate a market value of £1,683,023 and a rental value of £6,526 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,490,677 and £5,780 per month respectively.
Recent Market Change
Over the last year, Apartment 3701, 1, Park Drive has seen its estimated sale value move down by £65,527 (4.1%) and its estimated rental value increase by £323 per month (5.2%). This results in an estimated gross rental yield of 4.7%.
Energy Efficiency
Apartment 3701, 1, Park Drive has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 May 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 3701, 1, Park Drive completed on 3rd July 2023 at £1,772,500 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 54.6% over the period since July 2023.
- Sold Jul 2023£1,772,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Apartment 3701, 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 5th December 2023, was Apartment 5204, 1, Park Drive, London, E14 9BB, a leasehold flat which sold for £1,780,000.
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 3701, 1, Park Drive comes out as the 31st largest and the 29th most expensive in our analysis of the public data.
It is also £1.128m 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 3701, 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.
