# 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

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.

## 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 |
| HAMPTON TOWER, 75 APARTMENT 4204 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9GX | £650,000 | 13/10/2025 | 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 |
| HAMPTON TOWER, 75 APARTMENT 2009 MARSH WALL, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9RJ | £1,250,000 | 30/10/2024 | 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 |
| 1 APARTMENT 3101 PARK DRIVE, LONDON, TOWER HAMLETS, GREATER LONDON, E14 9AT | £705,000 | 29/09/2023 | Flat |

**Area average:** £939,704 (20 sales)

## Price vs local average

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

- **Local average:** £506,875 (241 Flat, E14, 2024–2026)
- **Deviation:** +182.1%

## 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:** -30.2%
- **10y growth:** -2.5%

## 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)