# 2 bedroom apartment for rent (E14 9BB) ## Property Details | Key | Value | |-----|-------| | Address | APARTMENT 4903, 1 PARK DRIVE, LONDON, GREATER LONDON E14 9BB | | Price | £5,200 pcm | | Bedrooms | 2 | | Bathrooms | 2 | | Council tax | F | | Last sold | £1,475,000 Aug 2023 | ## Description Canary Wharf is a beloved part of London, known for its exceptional living experience. One Park Drive, designed by the legendary Herzog and De Meuron, epitomizes this standard. This thriving waterfront community offers residents access to an array of outstanding restaurants, bars, and cultural venues. The property features a spacious, stylish living and dining area with excellent fixtures and wood flooring, leading to an expansive balcony overlooking the River Thames and The O2. The fully-fitted kitchen, equipped with Siemens appliances, including a fridge/freezer, dishwasher, and wine fridge, offers plenty of storage, combining functionality with pleasure. Comfort cooling system ensure optimal indoor temperature year-round. The bedrooms are warm and comfortable, boasting remarkable floor-to-ceiling windows that provide abundant natural light. With spectacular views and ample wardrobe space, each bedroom offers a unique retreat. The main bedroom includes an exquisitely finished en-suite bathroom, while the second bedroom has direct access to a beautifully designed second bathroom, featuring a tub, a large rain shower head, mirrored vanity units, and classic tiling. At One Park Drive, returning home means escaping the world. Enjoy amenities like a swimming pool, gym, sauna, steam room, and cinema, all complemented by a 24-hour concierge service. Residents also have access to a relaxing lounge and library to unwind after a busy day. Council Tax Band: F (Tower Hamlets Council Tax) Holding Deposit: £1,269.23 ## Property Photos - ![Photo](/listings/photos/151319192/214126) - ![Photo](/listings/photos/151319192/214127) - ![Photo](/listings/photos/151319192/214128) - ![Photo](/listings/photos/151319192/214130) - ![Photo](/listings/photos/151319192/214132) - ![Photo](/listings/photos/151319192/214134) - ![Photo](/listings/photos/151319192/214136) - ![Photo](/listings/photos/151319192/214137) - ![Photo](/listings/photos/151319192/214139) - ![Photo](/listings/photos/151319192/214141) - ![Photo](/listings/photos/151319192/214143) - ![Photo](/listings/photos/151319192/214145) - ![Photo](/listings/photos/151319192/214147) - ![Photo](/listings/photos/151319192/214149) - ![Photo](/listings/photos/151319192/214151) - ![Photo](/listings/photos/151319192/214153) - ![Photo](/listings/photos/151319192/214155) - ![Photo](/listings/photos/151319192/214156) - ![Photo](/listings/photos/151319192/214157) - ![Photo](/listings/photos/151319192/214159) - ![Photo](/listings/photos/151319192/214160) - ![Photo](/listings/photos/151319192/214161) - ![Photo](/listings/photos/151319192/214162) - ![Photo](/listings/photos/151319192/214163) - ![Photo](/listings/photos/151319192/214164) - ![Photo](/listings/photos/151319192/214165) - ![Photo](/listings/photos/151319192/214166) - ![Photo](/listings/photos/151319192/214167) - ![Photo](/listings/photos/151319192/214168) - ![Photo](/listings/photos/151319192/214169) - ![Photo](/listings/photos/151319192/214170) - ![Photo](/listings/photos/151319192/214171) - ![Photo](/listings/photos/151319192/214172) - ![Photo](/listings/photos/151319192/214173) ## Floorplans - ![Floorplan 1](/listings/photos/151319192/214174) - Floorplan 1 ## EPC Graphs - ![EPC](/listings/photos/151319192/214175) - EPC ## Rental Range *ONS Price Index of Private Rents (Tower Hamlets). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £2,169/mo - **Realistic:** £2,410/mo - **Optimistic:** £2,651/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Inner East London (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £1,745/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Flat, Park Drive, E14 | £6,000/mo | 2 | 0 miles | OpenRent | | 2 Bed Flat, Park Drive, E14 | £5,850/mo | 2 | 0 miles | OpenRent | | 2 Bed Semi-Detached House, Hampton Tower, E14 | £4,000/mo | 2 | 0.12 miles | OpenRent | | 2 Bed Flat, Meridian Place, E14 | £2,300/mo | 2 | 0.14 miles | OpenRent | | 2 Bed Flat, South Quay Square, E14 | £5,200/mo | 2 | 0.14 miles | OpenRent | | 2 Bed Flat, Marsh Wall, E14 | £3,200/mo | 2 | 0.19 miles | OpenRent | | 2 Bed Flat, Pan Peninsula Square, E14 | £3,300/mo | 2 | 0.19 miles | OpenRent | **Average rent: £4,264/mo (7 listings)** ## Rent-driven metrics *Based on OpenRent comparables (median £4,000/mo).* - **Gross yield:** 923.1% - **Monthly cashflow:** £3,555/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 2828.5% *Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)