For sale Flat

APARTMENT 2602

1 PARK DRIVE, LONDON, GREATER LONDON E14 9SB

1 beds 1 baths 67 m² Listed 6 Mar 2026 (-123d)

£750,000

Reduced on 12 Jun 2026 · Was £775,000

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# 1 bedroom apartment for sale (E14 9SB)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 2602, 1 PARK DRIVE, LONDON, GREATER LONDON E14 9SB |
| Price | £750,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | E |
| Last sold | £1,275,000 Jan 2023 |

## 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

## Property Photos

- ![WM (6).jpg](/listings/photos/172973420/209742) - WM (6).jpg
- ![WM (8).jpg](/listings/photos/172973420/209744) - WM (8).jpg
- ![Photo](/listings/photos/172973420/209745)
- ![WM (12).jpg](/listings/photos/172973420/209746) - WM (12).jpg
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- ![WM (14).JPG](/listings/photos/172973420/209749) - WM (14).JPG
- ![WM (15).JPG](/listings/photos/172973420/209750) - WM (15).JPG
- ![WM (1).JPG](/listings/photos/172973420/209751) - WM (1).JPG
- ![WM (1).jpg](/listings/photos/172973420/209752) - WM (1).jpg
- ![WM (3).jpg](/listings/photos/172973420/209754) - WM (3).jpg
- ![WM (4).jpg](/listings/photos/172973420/209755) - WM (4).jpg
- ![WM (6).jpg](/listings/photos/172973420/209756) - WM (6).jpg
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- ![WM (3).jpg](/listings/photos/172973420/209760) - WM (3).jpg
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- ![WM (7).jpg](/listings/photos/172973420/209762) - WM (7).jpg
- ![Photo](/listings/photos/172973420/209763)
- ![LR 1.1.png](/listings/photos/172973420/613435) - LR 1.1.png
- ![bedroom.png](/listings/photos/172973420/613436) - bedroom.png
- ![LR.png](/listings/photos/172973420/613437) - LR.png
- ![balcony 1.png](/listings/photos/172973420/613438) - balcony 1.png
- ![LR 1.2.png](/listings/photos/172973420/613439) - LR 1.2.png
- ![Kitchen.png](/listings/photos/172973420/613440) - Kitchen.png
- ![bathroom.png](/listings/photos/172973420/613441) - bathroom.png
- ![bedroom 2.png](/listings/photos/172973420/613442) - bedroom 2.png
- ![balcony.png](/listings/photos/172973420/613443) - balcony.png

## Floorplans

- ![Floorplan.jpg](/listings/photos/172973420/209764) - Floorplan.jpg

## EPC Graphs

- ![EE Rating](/listings/photos/172973420/209765) - EE Rating

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 1 APARTMENT 2602 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9SB | £1,275,000 | 31/01/2023 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| 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 |
| 10 APARTMENT 3704 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QY | £1,379,000 | 29/11/2024 | Flat |
| 222 FLAT 1207 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | £276,250 | 29/11/2024 | Flat |
| 10 APARTMENT 3006 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9JX | £1,035,000 | 26/11/2024 | Flat |
| 10 APARTMENT 2806 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9JX | £1,024,800 | 21/11/2024 | Flat |
| 1 APARTMENT 2508 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9SB | £1,257,662 | 12/09/2024 | Flat |
| 222 FLAT 1208 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | £118,309 | 28/08/2024 | Flat |
| 222 FLAT 1204 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | £118,309 | 28/08/2024 | Flat |
| 222 FLAT 1107 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | £118,309 | 28/08/2024 | Flat |
| 222 FLAT 1308 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | £118,309 | 28/08/2024 | 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 |

**Area average:** £493,451 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £501,061 (228 Flat, E14, 2024–2026)
- **Deviation:** +49.7%

## Rental Range

*ONS Price Index of Private Rents (Tower Hamlets). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £2,177/mo
- **Realistic:** £2,419/mo
- **Optimistic:** £2,661/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Inner East London (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £1,436/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 |
|------|------|------|------|------|
| 1 Bed Flat, One Park Drive, E14 | £4,500/mo | 1 | 0.01 miles | OpenRent |
| Studio Flat, Park Drive, E14 | £2,687/mo | 1 | 0.01 miles | OpenRent |
| 1 Bed Flat, Park Drive, E14 | £2,100/mo | 1 | 0.06 miles | OpenRent |
| 1 Bed Flat, Charter Street, E22 | £3,400/mo | 1 | 0.16 miles | OpenRent |
| Studio Flat, Marsh Wall, E14 | £2,550/mo | 1 | 0.16 miles | OpenRent |
| Studio Flat, Amory Tower, E14 | £2,400/mo | 1 | 0.16 miles | OpenRent |
| Studio Flat, Marsh Wall, E14 | £2,297/mo | 1 | 0.17 miles | OpenRent |
| Studio Flat, Bridge House Quay, E14 | £1,537/mo | 1 | 0.31 miles | OpenRent |

**Average rent: £2,684/mo (8 listings)**

## 1% Rule

- **Rent ratio:** 0.33% (weak for cashflow)
- **Max investor price (0.8%):** £309,375
- **Target investor price (1%):** £247,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £2,475/mo).*

- **Gross yield:** 4%
- **Cost-to-rent:** 25.3×
- **Monthly cashflow:** £-751/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -4.1%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. 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).*

## Capital growth trend

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

- **5y growth:** -30.9%
- **10y growth:** 3%

## House Price Index (HM Land Registry)

*Official index for Tower Hamlets; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -12.8%
- **5y growth (index):** -17.7%
- **10y growth (index):** -9.6%

## 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)

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Property details

Tenure

LEASEHOLD (236 years remaining on lease)

Floor area

67 m²

Council tax band

Last sold

£1,275,000 Jan 2023

Local average

£501,061 (+49.7%)

Deprivation

Decile 5 (15,484 of 33,755)

Street crime

1134 incidents within 1 mile (Apr 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

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan.jpg

EPC Graphs

EE Rating

Price history

Event	Date	Price	% change
Listed for sale	—	£750,000	-41.2%
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
10 APARTMENT 3704 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QY	£1,379,000	29/11/2024	Flat
222 FLAT 1207 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN	£276,250	29/11/2024	Flat
10 APARTMENT 3006 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9JX	£1,035,000	26/11/2024	Flat
10 APARTMENT 2806 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9JX	£1,024,800	21/11/2024	Flat
1 APARTMENT 2508 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9SB	£1,257,662	12/09/2024	Flat
222 FLAT 1208 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN	£118,309	28/08/2024	Flat
222 FLAT 1204 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN	£118,309	28/08/2024	Flat
222 FLAT 1107 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN	£118,309	28/08/2024	Flat
222 FLAT 1308 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN	£118,309	28/08/2024	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

Area average: £493,451 (20 sales)

Capital growth trend

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

5y growth -30.9%

10y growth 3%

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

1y (index) -12.8%

5y (index) -17.7%

10y (index) -9.6%

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 £2,177/mo

Realistic £2,419/mo

Optimistic £2,661/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
Anti-social behaviour	280
Violence and sexual offences	263
Vehicle crime	93
Drugs	86
Other theft	74
Shoplifting	65
Criminal damage and arson	62
Theft from the person	54
Burglary	48
Public order	45
Robbery	31
Bicycle theft	14
Other crime	11
Possession of weapons	8
Total incidents	1134

Within 1 mile during Apr 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	£4,500/mo	1	0.01 miles	OpenRent
Studio Flat, Park Drive, E14	£2,687/mo	1	0.01 miles	OpenRent
1 Bed Flat, Park Drive, E14	£2,100/mo	1	0.06 miles	OpenRent
1 Bed Flat, Charter Street, E22	£3,400/mo	1	0.16 miles	OpenRent
Studio Flat, Marsh Wall, E14	£2,550/mo	1	0.16 miles	OpenRent
Studio Flat, Amory Tower, E14	£2,400/mo	1	0.16 miles	OpenRent
Studio Flat, Marsh Wall, E14	£2,297/mo	1	0.17 miles	OpenRent
Studio Flat, Bridge House Quay, E14	£1,537/mo	1	0.31 miles	OpenRent

Average rent: £2,684/mo (8 listings)

Rent-driven metrics

Based on OpenRent comparables.

This street 3.5% gross yield avg £970,727 sale, £2,801/mo rent

Rent ratio 0.33%

Max investor price (0.8%) £309,375

Target investor price (1%) £247,500

Gross yield 4%

Cost-to-rent ratio 25.3×

Monthly cashflow £-751/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -4.1%

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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