For sale Flat

APARTMENT 2602

1 PARK DRIVE, LONDON, GREATER LONDON E14 9SB

1 beds 1 baths 721 sq ft Listed 6 Mar 2026 (-78d)

£799,000

Offers in Excess of

Reduced on 23 Mar 2026

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Property details

Tenure

LEASEHOLD (65 years remaining on lease)

Floor area

67 m²

Council tax band

E

EPC rating

B

Last sold

£1,275,000 Jan 2023

Price per m²

£11,925/m²

Local average

£498,152 (+60.4%)

Deprivation

Decile 5 (15,484 of 33,755)

Street crime

1106 incidents within 1 mile (Mar 2026)

Key features

  • Luxury Spacious 1 Bedroom
  • Large Balcony
  • 24 Hour Concierge
  • Gym, Swimming Pool and Spa
  • Private Cinema
  • Large Modern Bathroom
  • Open Plan Living Area
  • Residents Lounge and Library
  • Amazing Transport links – DLR, Jubilee and Elizabeth Lines

Additional details

Electricity
Mains supply
Water
Mains supply
Sewerage
Mains supply
Accessibility
Lift access
Parking
No parking
Listed property
No
Restrictions
No
Required access
No
Rights of way
No
Flooded in last 5 years
No
Flood defences
No

Description

A lovely and spacious one-bedroom apartment offering bright, modern living in a prime Canary Wharf location.
The property features a beautifully proportioned open-plan living area with floor-to-ceiling windows, flooding the space with natural light. The contemporary kitchen is finished to a high specification, ideal for both everyday living and entertaining.

*Photos of the bedroom have been digitally dressed for marketing purposes.
The generous bedroom provides a peaceful retreat with direct access to a private balcony, while the sleek bathroom is elegantly appointed with premium fittings. A substantial residents’ storage unit (51.67 sq. ft.) further enhances the practicality of the home.

Residents enjoy access to exclusive leisure facilities and well-designed communal spaces, all just moments from Canary Wharf’s vibrant selection of shops, restaurants and excellent transport links including the Jubilee line, DLR, Elizabeth line and Thames Clipper.

Tenure: Leasehold
Length of Lease: Approx. 236 years remaining
Annual ground rent: £550pa
Ground rent review period: Ask Agent
Annual service charge: Approx. £6,672pa
Council: Tower Hamlets, Band E

Electricity supply – Mains | Heating – Mains | Water Supply & Sewerage – Mains | Internet: Fibre | Lift Access

To check broadband and mobile phone coverage please visit Ofcom
To check planning permission please visit Tower Hamlets Council Website, Planning & Building Control

Listed by

London

Districts Properties Ltd

Reference: 172973420

EPC Rating & Upgrade Cost

Current rating: B

Potential rating: B

Inspection date: 09/10/2025

Current heating cost: £188/year

Potential heating cost: £188/year

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan.jpg

Floorplan.jpg

EPC Graphs

EE Rating

EE Rating

Price history

Event Date Price % change
Listed for sale — £799,000 -37.3%
Sold 31/01/2023 (3 years ago) £1,275,000 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
DISCOVERY DOCK APARTMENTS EAST, 3 FLAT 92 SOUTH QUAY SQUARE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9RU £620,000 19/11/2025 Flat
10 APARTMENT 1009 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9GD £570,000 03/11/2025 Flat
DISCOVERY DOCK APARTMENTS EAST, 3 FLAT 152 SOUTH QUAY SQUARE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9RZ £500,000 11/06/2025 Flat
10 APARTMENT 1208 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9ZW £843,525 27/03/2025 Flat
222 FLAT 1306 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £813,000 17/03/2025 Flat
10 APARTMENT 1204 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9ZW £485,000 18/02/2025 Flat
222 FLAT 1207 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £276,250 29/11/2024 Flat
10 APARTMENT 3704 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QY £1,379,000 29/11/2024 Flat
1 APARTMENT 2508 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9SB £1,257,662 12/09/2024 Flat
222 FLAT 1205 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £118,309 28/08/2024 Flat
222 FLAT 1108 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £118,309 28/08/2024 Flat
222 FLAT 1307 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £118,309 28/08/2024 Flat
222 FLAT 1206 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £118,309 28/08/2024 Flat
222 FLAT 1201 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £118,309 28/08/2024 Flat
222 FLAT 1207 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £118,309 28/08/2024 Flat
222 FLAT 1202 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £118,309 28/08/2024 Flat
222 FLAT 1105 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £118,309 28/08/2024 Flat
222 FLAT 1203 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £118,309 28/08/2024 Flat
222 FLAT 1106 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £118,309 28/08/2024 Flat
222 FLAT 1208 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN £118,309 28/08/2024 Flat

Area average: £402,292 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -19.4%
10y growth 13.1%

House Price Index (HM Land Registry — official index, not sold-price averages): Tower Hamlets. Series: Flats and maisonettes. As of February 2026.

1y (index) -11.9%
5y (index) -14.5%
10y (index) -10.8%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: ONE PARK DRIVE FORTUNE LIMITED (11295286)

Rental Range

Estimated market rent for Tower Hamlets. Low = conservative, Realistic = average, Optimistic = best case.

Low £2,169/mo
Realistic £2,410/mo
Optimistic £2,651/mo

Based on Local Authority from postcode lookup → Tower Hamlets.

LHA (30th percentile) floor for Inner East London: £1,436/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View E14 9SB

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Porsche Store 0.1 miles
Shop M&S Simply Food 0.1 miles
Bus stop Canary Wharf Station 0.1 miles
Bus stop Churchill Place 0.1 miles
Train station South Quay 0.2 miles
Train station Canary Wharf 0.2 miles
University University of Greenwich 1.4 miles
University NTU London 2.4 miles
Hospital A&E Department 2.6 miles
Hospital Rainbow Ward 2.6 miles

Street-level crime

Category Count
Violence and sexual offences 303
Anti-social behaviour 217
Vehicle crime 120
Other theft 86
Shoplifting 71
Public order 70
Theft from the person 54
Burglary 49
Criminal damage and arson 48
Drugs 33
Robbery 23
Possession of weapons 12
Other crime 11
Bicycle theft 9
Total incidents 1106

Within 1 mile during Mar 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
River House Montessori School Other 0.2 miles Inadequate — 5 Apr 2023
Panaga School Other 0.2 miles — (No rating)
Al Kafilah Damascus Shell School Other 0.2 miles — (No rating)
Pdo Oman School Other 0.2 miles — (No rating)
Ecole Yenzi Other 0.2 miles — (No rating)

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
1 Bed Flat, One Park Drive, E14 £4,995/mo 1 0.01 miles OpenRent
1 Bed Flat, Park Drive, E14 £2,100/mo 1 0.06 miles OpenRent
1 Bed Flat, Hampton Tower, E14 £2,950/mo 1 0.11 miles OpenRent
Studio Flat, Pan Peninsula, E14 £2,000/mo 1 0.19 miles OpenRent
Studio Flat, Pan Peninsula Square, E14 £1,900/mo 1 0.19 miles OpenRent
Studio Flat, Pan Peninsula Square, E14 £2,000/mo 1 0.19 miles OpenRent
1 Bed Flat, Cold Harbour, E14 £1,950/mo 1 0.29 miles OpenRent
1 Bed Flat, Cold Harbour Waterfront, E14 £2,050/mo 1 0.33 miles OpenRent

Average rent: £2,493/mo (8 listings)

Rent-driven metrics

Based on OpenRent comparables.

This street 2.7% gross yield avg £949,793 sale, £2,100/mo rent
Rent ratio 0.25%
Max investor price (0.8%) £253,125
Target investor price (1%) £202,500
Gross yield 3%
Cost-to-rent ratio 32.9×
Monthly cashflow £-1,349/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -7%
  • This street — Gross yield for this street only (Land Registry sales + rental comparables, same postcode + street).
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus 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).
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