Apartment 4003, 1
Apartment 4003, 1
Description & Estimates
Apartment 4003, 1, Park Drive is described in the public record as a modern apartment with 1,001 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Apartment 4003, 1, Park Drive is £1,159,737 and its rental estimate is £4,559 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 4003, 1, Park Drive has no records in the the Land Registry and a single entry in the EPC database dated May 2021.
We combine this information with public data 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 4003, 1, Park Drive, we estimate a market value of £1,217,724 and a rental value of £4,787 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,078,555 and £4,240 per month respectively.
Recent Market Change
Over the last year, Apartment 4003, 1, Park Drive has seen its estimated sale value move down by £47,411 (4.1%) and its estimated rental value increase by £237 per month (5.2%). This results in an estimated gross rental yield of 4.7%.
Energy Efficiency
Apartment 4003, 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.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Apartment 4003, 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 28th June 2024, was Apartment 5001, 1, Park Drive, London, E14 9BB, a leasehold flat which sold for £1,425,000.
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 4003, 1, Park Drive comes out as the 178th largest and the 145th most expensive in our analysis of the public data.
It is also £685k 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
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Public Transport Nearby
From Apartment 4003, 1, Park Drive, the nearest station is South Quay, 300 metres away.
- 300mSouth Quay
- 300mCanary Wharf
- 400mHeron Quays
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
