Flat 8, Hermitage
Flat 8, Hermitage
Description & Estimates
Flat 8, Hermitage, Reading is recorded publicly as a modern leasehold apartment across 602 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Flat 8, Hermitage, Reading is £241,642 and its rental estimate is £1,320 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 8, Hermitage, Reading has 2 entries in the Land Registry , most recently in November 2012 and a single entry in the EPC database dated March 2019.
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
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 8, Hermitage, Reading, we estimate a market value of £253,725 and a rental value of £1,386 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £224,727 and £1,228 per month respectively.
Recent Market Change
Over the last year, Flat 8, Hermitage, Reading has seen its estimated sale value drop by £6,166 (2.6%) and its estimated rental value rise by £29 per month (2.2%). This results in an estimated gross rental yield of 6.6%.
Energy Efficiency
Flat 8, Hermitage, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Mar 2019.
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 8, Hermitage, Reading completed on 2nd November 2012 at £185,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 26.1% over the period since November 2012.
- Sold Nov 2012£185,000
- Sold Mar 2009£171,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 8, 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 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
Of the 117 addresses on Chatham Street, Reading, RG1, Flat 8, Hermitage, Reading comes out as the 58th largest and the 89th most expensive in our analysis of the public data.
It is also £55k 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 8, 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.
