Sold STC Flat

APARTMENT 2002

1 PARK DRIVE, LONDON, GREATER LONDON E14 9SB

2 beds 2 baths Listed 23 Jan 2026 (-178d)

£1,430,000

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# 2 bedroom flat for sale (E14 9SB)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 2002, 1 PARK DRIVE, LONDON, GREATER LONDON E14 9SB |
| Price | £1,430,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Last sold | £1,215,000 Apr 2023 |

## Description

The 128 acre Canary Wharf private estate is one of the world's great city spaces; internationally renowned as one of London’s most vibrant districts and with a unique waterside location. The Group’s careful stewardship over the last 30 years also means the area is recognised for being both beautifully maintained and reassuringly safe. The creation of the residential districts represents a unique opportunity to live on the Canary Wharf estate.

Residents enjoy premium amenities, such as 24-hour Concierge, a Cinema Room, Health Facilities including a Gym with a 20-metre Swimming Pool, Steam Room, Sauna, Weightlifting Area and Training Area. As well as a Residents' Library/Lounge and 24/7 Canary Wharf Estate wide security.

** Photos are of the show apartmentCanary Wharf is a transport Hub, providing easy access to various parts of the City and beyond. One Park Drive is extremely  well connected with the Jubilee line, Docklands Light Railway (DLR), Thames River Bus and Elizabeth line all within walking distance. with Crossrail you can reach the West End in 13 minutes and Heathrow in just 39 minutes.

## Property Photos

- ![Photo](/listings/photos/171386477/1309095)
- ![Photo](/listings/photos/171386477/1309096)
- ![Photo](/listings/photos/171386477/1309097)
- ![Photo](/listings/photos/171386477/1309098)
- ![Photo](/listings/photos/171386477/1309099)
- ![Photo](/listings/photos/171386477/1309100)
- ![Photo](/listings/photos/171386477/1309101)
- ![Photo](/listings/photos/171386477/1309102)
- ![Photo](/listings/photos/171386477/1309103)

## Floorplans

- ![Bay apartment type 2](/listings/photos/171386477/1309104) - Bay apartment type 2

## EPC Graphs

- ![3803 OPD EPC.pdf](/listings/photos/171386477/1309105) - 3803 OPD EPC.pdf

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 1 APARTMENT 2002 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9SB | £1,215,000 | 26/04/2023 | 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 |
|---------|-------|------|------|
| 10 APARTMENT 1009 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9GD | £570,000 | 03/11/2025 | Flat |
| 10 APARTMENT 1208 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9ZW | £843,525 | 27/03/2025 | 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 |
| 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 |
| 79 MERIDIAN PLACE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9FF | £475,000 | 15/08/2024 | Flat |
| 85 MERIDIAN PLACE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9FF | £465,000 | 15/08/2024 | Flat |
| 86 MERIDIAN PLACE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9FF | £475,000 | 15/08/2024 | Flat |
| 10 APARTMENT 2007 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9JX | £984,100 | 08/07/2024 | Flat |
| 10 APARTMENT 3103 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QY | £1,180,000 | 06/06/2024 | Flat |
| 10 APARTMENT 3105 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QY | £775,000 | 21/03/2024 | Flat |
| 1 APARTMENT 2802 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9AT | £1,295,000 | 21/12/2023 | Flat |
| 1 APARTMENT 5204 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9BB | £1,780,000 | 05/12/2023 | Flat |
| 1 APARTMENT 3004 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9AT | £915,000 | 27/11/2023 | Flat |
| 10 APARTMENT 3502 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QY | £1,250,000 | 23/11/2023 | Flat |
| HAMPTON TOWER, 75 APARTMENT 404 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9WS | £132,500 | 29/09/2023 | Flat |
| 1 APARTMENT 3101 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9AT | £705,000 | 29/09/2023 | Flat |
| 1 APARTMENT 5002 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9BB | £962,500 | 29/09/2023 | Flat |

**Area average:** £899,454 (20 sales)

## Price vs local average

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

- **Local average:** £503,706 (238 Flat, E14, 2024–2026)
- **Deviation:** +183.9%

## 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):** £1,745/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, Boardwalk Place, E14 | £2,900/mo | 2 | 0.31 miles | OpenRent |
| 2 Bed Flat, Concordia Wharf, E14 | £6,000/mo | 2 | 0.32 miles | OpenRent |
| 2 Bed Flat, Cold Harbour, E14 | £2,300/mo | 2 | 0.32 miles | OpenRent |
| 2 Bed Flat, Boardwalk Place, E14 | £2,850/mo | 2 | 0.33 miles | OpenRent |
| 2 Bed Flat, Galleons View, E14 | £2,350/mo | 2 | 0.35 miles | OpenRent |

**Average rent: £3,280/mo (5 listings)**

## 1% Rule

- **Rent ratio:** 0.2% (weak for cashflow)
- **Max investor price (0.8%):** £356,250
- **Target investor price (1%):** £285,000

*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 £2,850/mo).*

- **Gross yield:** 2.4%
- **Cost-to-rent:** 41.8×
- **Monthly cashflow:** £-3,091/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -8.9%

*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:** -29.9%
- **10y growth:** -2.6%

## 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

Last sold

£1,215,000 Apr 2023

Local average

£503,706 (+183.9%)

Deprivation

Decile 5 (15,484 of 33,755)

Street crime

1269 incidents within 1 mile (May 2026)

Key features

2 bedrooms
1 reception room
2 bathrooms
24hr security
Balcony
Concierge
New Build
New Development
Waterside

Additional details

Accessibility: Lateral living

Description

One Park Drive, London's first residential tower by Herzog & de Meuron, represents the pinnacle of residential space within Canary Wharf. One Park Drive is not just a unique piece of architecture, but something that sets the standard for everything to follow.

The 128 acre Canary Wharf private estate is one of the world's great city spaces; internationally renowned as one of London’s most vibrant districts and with a unique waterside location. The Group’s careful stewardship over the last 30 years also means the area is recognised for being both beautifully maintained and reassuringly safe. The creation of the residential districts represents a unique opportunity to live on the Canary Wharf estate.

Residents enjoy premium amenities, such as 24-hour Concierge, a Cinema Room, Health Facilities including a Gym with a 20-metre Swimming Pool, Steam Room, Sauna, Weightlifting Area and Training Area. As well as a Residents' Library/Lounge and 24/7 Canary Wharf Estate wide security.

** Photos are of the show apartmentCanary Wharf is a transport Hub, providing easy access to various parts of the City and beyond. One Park Drive is extremely well connected with the Jubilee line, Docklands Light Railway (DLR), Thames River Bus and Elizabeth line all within walking distance. with Crossrail you can reach the West End in 13 minutes and Heathrow in just 39 minutes.

Listed by

City & East Residential Development

Knight Frank

Reference: 171386477

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Bay apartment type 2

EPC Graphs

3803 OPD EPC.pdf

Price history

Event	Date	Price	% change
Sold	26/04/2023 (3 years ago)	£1,215,000	—

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
10 APARTMENT 1009 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9GD	£570,000	03/11/2025	Flat
10 APARTMENT 1208 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9ZW	£843,525	27/03/2025	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
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
79 MERIDIAN PLACE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9FF	£475,000	15/08/2024	Flat
85 MERIDIAN PLACE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9FF	£465,000	15/08/2024	Flat
86 MERIDIAN PLACE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9FF	£475,000	15/08/2024	Flat
10 APARTMENT 2007 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9JX	£984,100	08/07/2024	Flat
10 APARTMENT 3103 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QY	£1,180,000	06/06/2024	Flat
10 APARTMENT 3105 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QY	£775,000	21/03/2024	Flat
1 APARTMENT 2802 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9AT	£1,295,000	21/12/2023	Flat
1 APARTMENT 5204 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9BB	£1,780,000	05/12/2023	Flat
1 APARTMENT 3004 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9AT	£915,000	27/11/2023	Flat
10 APARTMENT 3502 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9QY	£1,250,000	23/11/2023	Flat
HAMPTON TOWER, 75 APARTMENT 404 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9WS	£132,500	29/09/2023	Flat
1 APARTMENT 3101 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9AT	£705,000	29/09/2023	Flat
1 APARTMENT 5002 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9BB	£962,500	29/09/2023	Flat

Area average: £899,454 (20 sales)

Capital growth trend

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

5y growth -29.9%

10y growth -2.6%

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%

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: £1,745/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	Churchill Place	0.1 miles
Bus stop	Canary Wharf Station	0.1 miles
Train station	Canary Wharf	0.2 miles
Train station	South Quay	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	342
Anti-social behaviour	317
Shoplifting	120
Other theft	102
Vehicle crime	89
Public order	64
Burglary	61
Theft from the person	53
Drugs	43
Robbery	31
Bicycle theft	21
Other crime	19
Possession of weapons	5
Criminal damage and arson	2
Total incidents	1269

Within 1 mile during May 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
Mulberry Wood Wharf Primary School	Primary	0.2 miles	— (No rating)
Panaga School	Other	0.3 miles	— (No rating)
Al Kafilah Damascus Shell School	Other	0.3 miles	— (No rating)
Pdo Oman School	Other	0.3 miles	— (No rating)
Ecole Yenzi	Other	0.3 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
2 Bed Flat, Boardwalk Place, E14	£2,900/mo	2	0.31 miles	OpenRent
2 Bed Flat, Concordia Wharf, E14	£6,000/mo	2	0.32 miles	OpenRent
2 Bed Flat, Cold Harbour, E14	£2,300/mo	2	0.32 miles	OpenRent
2 Bed Flat, Boardwalk Place, E14	£2,850/mo	2	0.33 miles	OpenRent
2 Bed Flat, Galleons View, E14	£2,350/mo	2	0.35 miles	OpenRent

Average rent: £3,280/mo (5 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.2%

Max investor price (0.8%) £356,250

Target investor price (1%) £285,000

Gross yield 2.4%

Cost-to-rent ratio 41.8×

Monthly cashflow £-3,091/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -8.9%

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).