According to the public record, Apartment 1006, 1, Park Drive, London is a modern leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 1, Park Drive, London, E14.
Park Drive, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
Apartment 1006, 1, Park Drive, London has a single entry in the Land Registry database from June 2021 and a single entry in the EPC database dated March 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for Apartment 1006 1 Park Drive London as £1,009,408 and the rental value as £4,147 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of Apartment 1006 1 Park Drive London has increased by £30,167 (3.0%) and its rental value has increased by £127 per month (3.1%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Apartment 1006, 1, Park Drive, London is in very good condition we estimate a sale value of £1,059,879 and rental value of £4,354 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £938,750 and a rental value of £3,857 per month.
If you were able to purchase this property for the estimated value of £1,009,408, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,961 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Apartment 1006, 1, Park Drive, London was last sold on 04 Jun 2021 for £830,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2021, the market for similar properties has dropped 2.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 1006, 1, Park Drive, London within a radius of 200 metres over the last 2 years.
The most recent example is Apartment 2810, 1, Park Drive, London, E14 9AT, a Leasehold flat which sold for £785,000 in Dec 2021.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Drive, London, E14 has a total of 834 addresses. According to our analysis of all the public data, Apartment 1006, 1, Park Drive, London is the 543rd largest and the 407th most expensive property on the street.
When compared to the postcode district it is £525k more expensive than the average property in E14.
Apartment 1006, 1, Park Drive, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Mar 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Apartment 1006, 1, Park Drive, London is South Quay station which is 200 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Apartment 1006, 1, Park Drive, London, 46.2% of property is socially rented and 34.7% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Apartment 1006, 1, Park Drive, London, 32.3% of residents are recorded as possessing school level qualifications and 36.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Apartment 1006, 1, Park Drive, London, the average age was 37.5 and the most common age was 32.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Apartment 1006, 1, Park Drive, London, 0.4% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Apartment 1006, 1, Park Drive, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.