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Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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Apartment 4506, 1, Park Drive is recorded publicly as a modern leasehold apartment across 1,140 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Apartment 4506, 1, Park Drive is £1,293,611 and its rental estimate is £5,016 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.
Apartment 4506, 1, Park Drive has a single entry in the Land Registry from July 2023 and a single entry in the EPC database dated July 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.
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 4506, 1, Park Drive, we estimate a market value of £1,358,291 and a rental value of £5,267 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,203,058 and £4,665 per month respectively.
Over the last year, Apartment 4506, 1, Park Drive has seen its estimated sale value drop by £52,884 (4.1%) and its estimated rental value rise by £261 per month (5.2%). This results in an estimated gross rental yield of 4.7%.
Apartment 4506, 1, Park Drive has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Jul 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
The most recent sale of Apartment 4506, 1, Park Drive completed on 4th July 2023 at £1,560,000 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 54.6% over the period since July 2023.
Over the past 2 years 3 properties similar to Apartment 4506, 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 6th March 2024, was Apartment 4206, 1, Park Drive, London, E14 9BB, a leasehold flat which sold for £1,541,100.
Read more about house prices in E14.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 833 addresses on Park Drive, London, E14, Apartment 4506, 1, Park Drive comes out as the 105th largest and the 65th most expensive in our analysis of the public data.
It is also £819k more expensive than the average property across the E14 district.
From Apartment 4506, 1, Park Drive, the nearest station is South Quay, 300 metres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Apartment 4506, 1, Park Drive, % of property is and % is .
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Apartment 4506, 1, Park Drive, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Apartment 4506, 1, Park Drive, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Apartment 4506, 1, Park Drive, there are an average of 0.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
