Apartment 403, 1
Apartment 403, 1
Description & Estimates
Public records show Apartment 403, 1, Park Drive to be a modern leasehold apartment with 678 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Apartment 403, 1, Park Drive has an estimated sale value of £827,415 and an estimated rental value of £3,303 per month, assuming reasonable condition and based on the information available.
The apartment sits within 1, Park Drive, London, E14.
Park Drive, London, E14 lies in the borough of Tower Hamlets, within the E14 postal district.
Our Data Sources
Apartment 403, 1, Park Drive has a single entry in the Land Registry from June 2021 and a single entry in the EPC database dated February 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
In very good condition, we estimate Apartment 403, 1, Park Drive would be worth £868,785, with a potential rental value of £3,468 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £769,496, with a rental value of £3,072 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Apartment 403, 1, Park Drive has decreased by £33,174 (4.0%) over the last year. During the same period, its estimated monthly rental value has grown by £147 (4.4%). The property's estimated gross yield is currently 4.8%.
Energy Efficiency
Apartment 403, 1, Park Drive has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Feb 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
Apartment 403, 1, Park Drive last changed hands on 28th June 2021, selling for £885,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 45.3% since June 2021.
- Sold Jun 2021£885,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 200 metres of Apartment 403, 1, Park Drive across the last 2 years.
Most recently, Apartment 402, 1, Park Drive, London, E14 9GG, a leasehold flat, sold at £885,000 on the 20th September 2024.
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
Our analysis of the public data ranks Apartment 403, 1, Park Drive as the 567th largest and the 514th most expensive of the 833 addresses on Park Drive, London, E14.
Against the E14 postcode district average, it is £352k more expensive than the typical property.
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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
South Quay station is the nearest stop to Apartment 403, 1, Park Drive at 300 metres away.
- 300mSouth Quay
- 300mCanary Wharf
- 400mHeron Quays
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
