Flat 15, Hermitage
Flat 15, Hermitage
Description & Estimates
Updated September 2025 byBespoke Estate Agents
As updated by Bespoke Estate Agents in September 2025, Flat 15, Hermitage, Reading is a modern leasehold apartment with 587 ft2 of internal area comprising 1 bedroom.
The property has 225 years remaining on the lease.
Our estimate of the sale value of Flat 15, Hermitage, Reading is £233,374 and its rental estimate is £1,244 per month, given the available information and assuming reasonable condition.
Hermitage, Chatham Street is a residential building on Chatham Street, Reading, RG1 and falls within the RG1 postal district.
Our Data Sources
Flat 15, Hermitage, Reading has been updated by Bespoke Estate Agents. This data along with public information allows us to provide estimates for both this and neighbouring properties.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 15, Hermitage, Reading, we estimate a market value of £245,042 and a rental value of £1,306 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £217,038 and £1,157 per month respectively.
Recent Market Change
Over the last year, Flat 15, Hermitage, Reading has seen its estimated sale value decline by £2,831 (1.2%) and its estimated rental value climb by £40 per month (3.2%). This results in an estimated gross rental yield of 6.4%.
Energy Efficiency
Flat 15, Hermitage, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Apr 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 15, Hermitage, Reading completed on 18th March 2016 at £275,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 17.5% over the period since March 2016.
- Sold Mar 2016£275,000
- Sold Aug 2009£152,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 15, Hermitage, Reading have sold within a radius of 290 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th October 2024, was Flat 51, Hermitage, Chatham Street, Reading, RG1 7LF, a leasehold flat which sold for £245,000.
Read more about house prices in RG1.
- Sold Oct 2024£245,000 | 2 Bed FlatFlat 51, Hermitage, Chatham Street, Reading, RG1 7LFFlat 51, Hermitage, Chatham Street, Reading, RG1 7LF
- Sold Apr 2024£220,000 | 2 Bed FlatFlat 39, Hermitage, Chatham Street, Reading, RG1 7LFFlat 39, Hermitage, Chatham Street, Reading, RG1 7LF
- Sold Apr 2023£225,000 | 2 Bed FlatFlat 32, Hermitage, Chatham Street, Reading, RG1 7LFFlat 32, Hermitage, Chatham Street, Reading, RG1 7LF
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 117 addresses on Chatham Street, Reading, RG1, Flat 15, Hermitage, Reading comes out as the 69th largest and the 104th most expensive in our analysis of the public data.
It is also £63k less expensive than the average property across the RG1 district.
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Schools Nearby
- 200mCivitas Academy
- 500mOxford Road Community School
- 700mE P Collier Primary School
- 1.1kmRiver Academy
- 1.2kmKendrick School
- 1.7kmThe WREN School
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Public Transport Nearby
From Flat 15, Hermitage, Reading, the nearest station is Reading, 600 metres away.
- 600mReading
- 700mReading West
- 3.6kmReading Green Park
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
