8, HERMITS CLOSE, BURGHFIELD COMMON, READING, RG7 3YT - £500,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 HERMITS CLOSE is a small extended detached house of 113m², built sometime between 1976 and 1982, which could now be worth an estimated £569,221. It was last sold for £500,000 in September 2018, which was around 18% below the average September 2018 detached price in the West Berkshire local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was C.

8 HERMITS CLOSE Sold Prices

Land registry data shows two sales for 8 HERMITS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. Both of the two 8 HERMITS CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 3 SEP	£500,000	£609,618	18% below HPI
1996 4 OCT	£110,000	£134,739	18% below HPI

8 HERMITS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Berkshire local authority area over time, sourced from the HPI. The two 8 HERMITS CLOSE sales from October 1996 and September 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 1996 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2018 sale, which was also at 18% below the HPI.

What might 8 HERMITS CLOSE be worth now?

8 HERMITS CLOSE might now be worth an estimated £569,221.

This is based on house price inflation of 13.8%, between September 2018 and December 2024, for detached houses, in the West Berkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.8% inflationary increase is applied to the most recent sale price for 8 HERMITS CLOSE of £500,000 on 3rd September 2018. For the value to have increased from £500,000 to £569,221 over the five years and nine months to December 2024, the following assumptions must hold true:

• The value of 8 HERMITS CLOSE has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The September 2018 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HERMITS CLOSE has not materially changed since September 2018.

How Large is 8 HERMITS CLOSE?

8 HERMITS CLOSE is 113m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 40% of detached houses houses in Burghfield Common, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burghfield Common, and where 8 HERMITS CLOSE lies on this distribution: 36% of detached houses houses are smaller than 8 HERMITS CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Burghfield Common.

8 HERMITS CLOSE: Plot and Title Map

8 HERMITS CLOSE sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of 8 HERMITS CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 8 HERMITS CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 8 HERMITS CLOSE?

8 HERMITS CLOSE is located in BURGHFIELD COMMON, in the RG7 postcode district. The below map shows the position of No. 8 on HERMITS CLOSE.