Flat 7, Hermitage
Flat 7, Hermitage
Description & Estimates
Public records show Flat 7, Hermitage, Reading to be a modern leasehold apartment with 581 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Flat 7, Hermitage, Reading has an estimated sale value of £237,253 and an estimated rental value of £1,303 per month, assuming reasonable condition and based on the information available.
The apartment sits within Hermitage, Chatham Street, Reading, RG1.
Chatham Street, Reading, RG1 lies within the RG1 postal district.
Our Data Sources
Flat 7, Hermitage, Reading has a single entry in the Land Registry from March 2009 and a single entry in the EPC database dated December 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate Flat 7, Hermitage, Reading would be worth £249,116, with a potential rental value of £1,369 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £220,646, with a rental value of £1,212 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 7, Hermitage, Reading has fallen by £6,054 (2.6%) over the last year. During the same period, its estimated monthly rental value has moved up by £28 (2.2%). The property's estimated gross yield is currently 6.6%.
Energy Efficiency
Flat 7, Hermitage, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Dec 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 7, Hermitage, Reading last changed hands on 27th March 2009, selling for £155,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 33.8% since March 2009.
- Sold Mar 2009£155,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 290 metres of Flat 7, Hermitage, Reading across the last 2 years.
Most recently, Flat 51, Hermitage, Chatham Street, Reading, RG1 7LF, a leasehold flat, sold at £245,000 on the 11th October 2024.
Read more about house prices in RG1.
- Sold Oct 2024£245,000 | 2 Bed FlatHermitage, Chatham StreetFlat 51, Hermitage, Chatham Street, Reading, RG1 7LF
- Sold Apr 2024£220,000 | 2 Bed FlatHermitage, Chatham StreetFlat 39, Hermitage, Chatham Street, Reading, RG1 7LF
- Sold Apr 2023£225,000 | 2 Bed FlatHermitage, Chatham StreetFlat 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
Our analysis of the public data ranks Flat 7, Hermitage, Reading as the 70th largest and the 97th most expensive of the 117 addresses on Chatham Street, Reading, RG1.
Against the RG1 postcode district average, it is £59k less expensive than the typical property.
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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
More reading links
Public Transport Nearby
Reading station is the nearest stop to Flat 7, Hermitage, Reading at 600 metres away.
- 600mReading
- 700mReading West
- 3.6kmReading Green Park
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
