{"slug":"46fc25e","reference":"172973420","property":{"agentBranchId":245744,"agentBranchName":"London","agentCompanyName":"Districts Properties Ltd","shortDescription":"1 bedroom apartment for sale","listingUpdateReason":"Reduced on 23\/03\/2026","isCommercial":false,"propertySubType":"Apartment","propertyTypeDisplay":"Flat","bedrooms":1,"bathrooms":1,"addedDate":"2026-03-06","soldSTC":false,"latitude":51.502109,"longitude":-0.015036,"primaryPrice":"\u00a3799,000","price":799000,"displayPriceQualifier":"Offers in Excess of","postcode":"E14 9SB","displayAddress":"1 Park Drive, London","encId":"1hX1IEMlbc37ugd1B1nBgT-VnKaxaWc=","councilTaxBand":"E","brochure":"https:\/\/www.vebra.com\/details\/property\/34515060","description":"A lovely and spacious one-bedroom apartment offering bright, modern living in a prime Canary Wharf location.\nThe 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.\n\n*Photos of the bedroom have been digitally dressed for marketing purposes. \nThe 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\u2019 storage unit (51.67 sq. ft.) further enhances the practicality of the home.\n\nResidents enjoy access to exclusive leisure facilities and well-designed communal spaces, all just moments from Canary Wharf\u2019s vibrant selection of shops, restaurants and excellent transport links including the Jubilee line, DLR, Elizabeth line and Thames Clipper.\n\nTenure: Leasehold\nLength of Lease: Approx. 236 years remaining\nAnnual ground rent: \u00a3550pa\nGround rent review period: Ask Agent\nAnnual service charge: Approx. \u00a36,672pa\nCouncil: Tower Hamlets, Band E\n\nElectricity supply \u2013 Mains | Heating \u2013 Mains | Water Supply & Sewerage \u2013 Mains | Internet: Fibre | Lift Access\n\nTo check broadband and mobile phone coverage please visit Ofcom\nTo check planning permission please visit Tower Hamlets Council Website, Planning & Building 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9ZW","property_type":"F"},{"transaction_id":"49e87c31-8786-591c-e063-4704a8c00c31","price":276250,"transfer_date":"2024-11-29","address":"222 FLAT 1207 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN","property_type":"F"},{"transaction_id":"36a61a94-40e1-def2-e063-4704a8c046ae","price":1379000,"transfer_date":"2024-11-29","address":"10 APARTMENT 3704 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QY","property_type":"F"},{"transaction_id":"25e9da80-58c1-555e-e063-4704a8c066f2","price":1257662,"transfer_date":"2024-09-12","address":"1 APARTMENT 2508 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9SB","property_type":"F"},{"transaction_id":"42c129e5-692b-60a9-e063-4804a8c0c25d","price":118309,"transfer_date":"2024-08-28","address":"222 FLAT 1308 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN","property_type":"F"},{"transaction_id":"42c129e5-6927-60a9-e063-4804a8c0c25d","price":118309,"transfer_date":"2024-08-28","address":"222 FLAT 1205 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN","property_type":"F"},{"transaction_id":"42c129e5-6922-60a9-e063-4804a8c0c25d","price":118309,"transfer_date":"2024-08-28","address":"222 FLAT 1108 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN","property_type":"F"},{"transaction_id":"42c129e5-692c-60a9-e063-4804a8c0c25d","price":118309,"transfer_date":"2024-08-28","address":"222 FLAT 1307 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN","property_type":"F"},{"transaction_id":"42c129e5-6928-60a9-e063-4804a8c0c25d","price":118309,"transfer_date":"2024-08-28","address":"222 FLAT 1206 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN","property_type":"F"},{"transaction_id":"42c129e5-6923-60a9-e063-4804a8c0c25d","price":118309,"transfer_date":"2024-08-28","address":"222 FLAT 1201 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 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TOWER HAMLETS, GREATER LONDON, E14 9EN","property_type":"F"}],"street_average_price":null,"area_average_price":402292,"street_sale_count":0,"area_sale_count":20},"rent_range":{"low":2169,"realistic":2410,"optimistic":2651,"geography_code":"E09000030","geography_name":"Tower Hamlets","resolved_from":"Local Authority from postcode lookup"},"rental_comparables":{"listings":[{"title":"1 Bed Flat, One Park Drive, E14","price_pcm":499500,"bedrooms":1,"property_type":"Flat","source_label":"OpenRent","distance_miles":0.01,"show_url":null},{"title":"1 Bed Flat, Park Drive, E14","price_pcm":210000,"bedrooms":1,"property_type":"Flat","source_label":"OpenRent","distance_miles":0.06,"show_url":null},{"title":"1 Bed Flat, Hampton Tower, E14","price_pcm":295000,"bedrooms":1,"property_type":"Flat","source_label":"OpenRent","distance_miles":0.11,"show_url":null},{"title":"Studio Flat, Pan Peninsula, E14","price_pcm":200000,"bedrooms":1,"property_type":"Studio Flat","source_label":"OpenRent","distance_miles":0.19,"show_url":null},{"title":"Studio Flat, Pan Peninsula Square, E14","price_pcm":190000,"bedrooms":1,"property_type":"Studio Flat","source_label":"OpenRent","distance_miles":0.19,"show_url":null},{"title":"Studio Flat, Pan Peninsula Square, E14","price_pcm":200000,"bedrooms":1,"property_type":"Studio Flat","source_label":"OpenRent","distance_miles":0.19,"show_url":null},{"title":"1 Bed Flat, Cold Harbour, E14","price_pcm":195000,"bedrooms":1,"property_type":"Flat","source_label":"OpenRent","distance_miles":0.29,"show_url":null},{"title":"1 Bed Flat, Cold Harbour Waterfront, E14","price_pcm":205000,"bedrooms":1,"property_type":"Flat","source_label":"OpenRent","distance_miles":0.33,"show_url":null}],"average_price":249313,"count":8,"availability":"ready","bedrooms_filter":1,"bedrooms_filter_relaxed":false,"bedrooms_filter_source":"listing"},"property_markdown":"# 1 bedroom apartment for sale (E14 9SB)\n\n## Property Details\n\n| Key | Value |\n|-----|-------|\n| Address | APARTMENT 2602, 1 PARK DRIVE, LONDON, GREATER LONDON E14 9SB |\n| Price | \u00a3799,000 |\n| Bedrooms | 1 |\n| Bathrooms | 1 |\n| Council tax | E |\n| Floor area | 67 m\u00b2 |\n| Last sold | \u00a31,275,000 Jan 2023 |\n\n## EPC Rating & Upgrade Cost\n\n- **Current rating:** B\n- **Potential rating:** B\n- **Current heating cost:** \u00a3188\/year\n\n[View full EPC on gov.uk](https:\/\/find-energy-certificate.service.gov.uk\/energy-certificate\/1590-6410-0832-8506-3053)\n\n## Description\n\nA lovely and spacious one-bedroom apartment offering bright, modern living in a prime Canary Wharf location.\n\nThe 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.\n\n*Photos of the bedroom have been digitally dressed for marketing purposes. \n\nThe 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\u2019 storage unit (51.67 sq. ft.) further enhances the practicality of the home.\n\nResidents enjoy access to exclusive leisure facilities and well-designed communal spaces, all just moments from Canary Wharf\u2019s vibrant selection of shops, restaurants and excellent transport links including the Jubilee line, DLR, Elizabeth line and Thames Clipper.\n\nTenure: Leasehold\n\nLength of Lease: Approx. 236 years remaining\n\nAnnual ground rent: \u00a3550pa\n\nGround rent review period: Ask Agent\n\nAnnual service charge: Approx. \u00a36,672pa\n\nCouncil: Tower Hamlets, Band E\n\nElectricity supply \u2013 Mains | Heating \u2013 Mains | Water Supply & Sewerage \u2013 Mains | Internet: Fibre | Lift Access\n\nTo check broadband and mobile phone coverage please visit Ofcom\n\nTo check planning permission please visit Tower Hamlets Council Website, Planning & Building Control\n\n## Property Photos\n\n- ![WM (6).jpg](\/listings\/photos\/172973420\/209742) - WM (6).jpg\n- ![WM (8).jpg](\/listings\/photos\/172973420\/209744) - WM (8).jpg\n- ![Photo](\/listings\/photos\/172973420\/209745)\n- ![WM (12).jpg](\/listings\/photos\/172973420\/209746) - WM (12).jpg\n- ![WM (13).JPG](\/listings\/photos\/172973420\/209748) - WM (13).JPG\n- ![WM (14).JPG](\/listings\/photos\/172973420\/209749) - WM (14).JPG\n- ![WM (15).JPG](\/listings\/photos\/172973420\/209750) - WM (15).JPG\n- ![WM (1).JPG](\/listings\/photos\/172973420\/209751) - WM (1).JPG\n- ![WM (1).jpg](\/listings\/photos\/172973420\/209752) - WM (1).jpg\n- ![WM (3).jpg](\/listings\/photos\/172973420\/209754) - WM (3).jpg\n- ![WM (4).jpg](\/listings\/photos\/172973420\/209755) - WM (4).jpg\n- ![WM (6).jpg](\/listings\/photos\/172973420\/209756) - WM (6).jpg\n- ![WM (8).jpg](\/listings\/photos\/172973420\/209757) - WM (8).jpg\n- ![WM (10).jpg](\/listings\/photos\/172973420\/209758) - WM (10).jpg\n- ![WM (11).jpg](\/listings\/photos\/172973420\/209759) - WM (11).jpg\n- ![WM (3).jpg](\/listings\/photos\/172973420\/209760) - WM (3).jpg\n- ![WM (5).jpg](\/listings\/photos\/172973420\/209761) - WM (5).jpg\n- ![WM (7).jpg](\/listings\/photos\/172973420\/209762) - WM (7).jpg\n- ![Photo](\/listings\/photos\/172973420\/209763)\n\n## Floorplans\n\n- ![Floorplan.jpg](\/listings\/photos\/172973420\/209764) - Floorplan.jpg\n\n## EPC Graphs\n\n- ![EE Rating](\/listings\/photos\/172973420\/209765) - EE Rating\n\n## Sales History\n\n*Recorded sales for this property. Data from Land Registry Price Paid.*\n\n| Address | Price | Date | Type |\n|---------|-------|------|------|\n| 1 APARTMENT 2602 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9SB | \u00a31,275,000 | 31\/01\/2023 | Flat |\n\n## Sold Comparables\n\n*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*\n\n| Address | Price | Date | Type |\n|---------|-------|------|------|\n| DISCOVERY DOCK APARTMENTS EAST, 3 FLAT 92 SOUTH QUAY SQUARE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9RU | \u00a3620,000 | 19\/11\/2025 | Flat |\n| 10 APARTMENT 1009 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9GD | \u00a3570,000 | 03\/11\/2025 | Flat |\n| DISCOVERY DOCK APARTMENTS EAST, 3 FLAT 152 SOUTH QUAY SQUARE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9RZ | \u00a3500,000 | 11\/06\/2025 | Flat |\n| 10 APARTMENT 1208 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9ZW | \u00a3843,525 | 27\/03\/2025 | Flat |\n| 222 FLAT 1306 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3813,000 | 17\/03\/2025 | Flat |\n| 10 APARTMENT 1204 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9ZW | \u00a3485,000 | 18\/02\/2025 | Flat |\n| 222 FLAT 1207 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3276,250 | 29\/11\/2024 | Flat |\n| 10 APARTMENT 3704 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QY | \u00a31,379,000 | 29\/11\/2024 | Flat |\n| 1 APARTMENT 2508 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9SB | \u00a31,257,662 | 12\/09\/2024 | Flat |\n| 222 FLAT 1308 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3118,309 | 28\/08\/2024 | Flat |\n| 222 FLAT 1205 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3118,309 | 28\/08\/2024 | Flat |\n| 222 FLAT 1108 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3118,309 | 28\/08\/2024 | Flat |\n| 222 FLAT 1307 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3118,309 | 28\/08\/2024 | Flat |\n| 222 FLAT 1206 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3118,309 | 28\/08\/2024 | Flat |\n| 222 FLAT 1201 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3118,309 | 28\/08\/2024 | Flat |\n| 222 FLAT 1207 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3118,309 | 28\/08\/2024 | Flat |\n| 222 FLAT 1202 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3118,309 | 28\/08\/2024 | Flat |\n| 222 FLAT 1105 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3118,309 | 28\/08\/2024 | Flat |\n| 222 FLAT 1203 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3118,309 | 28\/08\/2024 | Flat |\n| 222 FLAT 1106 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9EN | \u00a3118,309 | 28\/08\/2024 | Flat |\n\n**Area average:** \u00a3402,292 (20 sales)\n\n## Price vs local average\n\n*Outcode + property type (HousePrices, last 2 years).*\n\n- **Local average:** \u00a3498,152 (211 Flat, E14, 2024\u20132026)\n- **Deviation:** +60.4%\n\n## Rental Range\n\n*ONS Price Index of Private Rents (Tower Hamlets). Low \/ Realistic \/ Optimistic = conservative \/ average \/ best case.*\n\n- **Low:** \u00a32,169\/mo\n- **Realistic:** \u00a32,410\/mo\n- **Optimistic:** \u00a32,651\/mo\n\n## LHA (Local Housing Allowance)\n\n*VOA 30th percentile rent floor for Inner East London (Apr 2025 \u2013 Mar 2026).*\n\n- **LHA floor (this property size):** \u00a31,436\/mo\n\n## Rental Comparables\n\n*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*\n\n| Title | Rent | Beds | Distance | As seen on |\n|------|------|------|------|------|\n| 1 Bed Flat, One Park Drive, E14 | \u00a34,995\/mo | 1 | 0.01 miles | OpenRent |\n| 1 Bed Flat, Park Drive, E14 | \u00a32,100\/mo | 1 | 0.06 miles | OpenRent |\n| 1 Bed Flat, Hampton Tower, E14 | \u00a32,950\/mo | 1 | 0.11 miles | OpenRent |\n| Studio Flat, Pan Peninsula, E14 | \u00a32,000\/mo | 1 | 0.19 miles | OpenRent |\n| Studio Flat, Pan Peninsula Square, E14 | \u00a31,900\/mo | 1 | 0.19 miles | OpenRent |\n| Studio Flat, Pan Peninsula Square, E14 | \u00a32,000\/mo | 1 | 0.19 miles | OpenRent |\n| 1 Bed Flat, Cold Harbour, E14 | \u00a31,950\/mo | 1 | 0.29 miles | OpenRent |\n| 1 Bed Flat, Cold Harbour Waterfront, E14 | \u00a32,050\/mo | 1 | 0.33 miles | OpenRent |\n\n**Average rent: \u00a32,493\/mo (8 listings)**\n\n## 1% Rule\n\n- **Rent ratio:** 0.25% (weak for cashflow)\n- **Max investor price (0.8%):** \u00a3253,125\n- **Target investor price (1%):** \u00a3202,500\n\n*Monthly rent \u00f7 price. 1%+ = strong, 0.8\u20131% = okay, <0.8% = weak. Max investor price = rent \u00f7 0.8% (Stoke-style target). Target investor price = rent \u00f7 1% (strong cashflow band). Based on OpenRent comparables.*\n\n## Rent-driven metrics\n\n*Based on OpenRent comparables (median \u00a32,025\/mo).*\n\n- **Gross yield:** 3%\n- **Cost-to-rent:** 32.9\u00d7\n- **Monthly cashflow:** \u00a3-1,349\/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)\n- **Cash-on-cash ROI:** -7%\n\n*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price \u00f7 annual rent (from OpenRent comparables); under 14\u00d7 = strong, 14\u201316\u00d7 = acceptable, 17\u00d7+ = compressed. Cashflow = rent \u2212 mortgage \u2212 10% maintenance \u2212 \u00a325\/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit \u00f7 cash in (deposit + 4% purchase costs).*\n\n## Price per Square Metre\n\n- **\u00a3\/m\u00b2:** \u00a311,925\/m\u00b2\n\n## Capital growth trend\n\n*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*\n\n- **5y growth:** -19.4%\n- **10y growth:** 13.1%\n\n## House Price Index (HM Land Registry)\n\n*Official index for Tower Hamlets; Flats and maisonettes series; as of February 2026.*\n\n- **1y growth (index):** -11.9%\n- **5y growth (index):** -14.5%\n- **10y growth (index):** -10.8%\n\n## Flood risk\n\n- **Zone:** 1\n- **Risk:** Low\n- **Source:** Job (default Low)\n\n[Check long-term flood risk (GOV.UK)](https:\/\/check-long-term-flood-risk.service.gov.uk\/postcode)\n","energy_certificate":{"id":102197,"lmk_key":"b5d4e3cd024ff733dc88eb2589c0030926494e4fc50bd7bcb0a1e64eb0902f3e","certificate_number":"1590-6410-0832-8506-3053","uprn":6736699,"current_energy_rating":"B","potential_energy_rating":"B","current_energy_efficiency":85,"potential_energy_efficiency":85,"heating_cost_current":"188.00","heating_cost_potential":"188.00","total_floor_area":"67.00","habitable_room_count":null,"heated_room_count":null,"number_baths":null,"construction_age_band":null,"walls_description":null,"roof_description":null,"mainheat_description":null,"windows_description":null,"glazed_type":null,"inspection_date":"2025-10-09T00:00:00.000000Z","lodgement_date":"2025-10-09T00:00:00.000000Z","address":"Apartment 2009, 1 Park Drive, LONDON","postcode":"E14 9SB","property_type":"Flat","built_form":"4","created_at":"2026-04-24T20:00:34.000000Z","updated_at":"2026-04-24T20:00:34.000000Z","recommendations":[],"estimated_upgrade_cost_to_c":null,"is_below_c":false},"fensa_certificates_count":0,"page_data":{"listing":{"id":9131,"reference":"172973420","slug":"46fc25e","slug_hash":"46fc25ece9e73b9a11aa2082db4f771e93e3310b","portal":"rightmove","channel":"RES_BUY","meta":{"agentBranchId":245744,"agentBranchName":"London","agentCompanyName":"Districts Properties Ltd","shortDescription":"1 bedroom apartment for sale","listingUpdateReason":"Reduced on 23\/03\/2026","isCommercial":false,"propertySubType":"Apartment","propertyTypeDisplay":"Flat","bedrooms":1,"bathrooms":1,"addedDate":"2026-03-06","soldSTC":false,"latitude":51.502109,"longitude":-0.015036,"primaryPrice":"\u00a3799,000","price":799000,"displayPriceQualifier":"Offers in Excess of","postcode":"E14 9SB","displayAddress":"1 Park Drive, London","encId":"1hX1IEMlbc37ugd1B1nBgT-VnKaxaWc=","councilTaxBand":"E","brochure":"https:\/\/www.vebra.com\/details\/property\/34515060","description":"A lovely and spacious one-bedroom apartment offering bright, modern living in a prime Canary Wharf location.\nThe 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.\n\n*Photos of the bedroom have been digitally dressed for marketing purposes. \nThe 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\u2019 storage unit (51.67 sq. ft.) further enhances the practicality of the home.\n\nResidents enjoy access to exclusive leisure facilities and well-designed communal spaces, all just moments from Canary Wharf\u2019s vibrant selection of shops, restaurants and excellent transport links including the Jubilee line, DLR, Elizabeth line and Thames Clipper.\n\nTenure: Leasehold\nLength of Lease: Approx. 236 years remaining\nAnnual ground rent: \u00a3550pa\nGround rent review period: Ask Agent\nAnnual service charge: Approx. \u00a36,672pa\nCouncil: Tower Hamlets, Band E\n\nElectricity supply \u2013 Mains | Heating \u2013 Mains | Water Supply & Sewerage \u2013 Mains | Internet: Fibre | Lift Access\n\nTo check broadband and mobile phone coverage please visit Ofcom\nTo check planning permission please visit Tower Hamlets Council Website, Planning & Building 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The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. 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