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Value difference in freehold vs lease of 120+ years

What would the value difference be on a property (London area) with a share of freehold vs a leasehold where the lease is over 120 years?

Asked on Feb 14 2017, House Prices in London | Report content

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  • Whilst share of freehold is preferable, 120+ years is still a healthy leasehold term. It´s usually at around 75-80 years left on the lease where the value of the property is likely to be affected. Some broad information can be found via the Lease Advisory Service service but you are probably best speaking to a specialist solicitor to get more accurate calculations (see SERVICES DIRECTORY in the link below)

    Web reference: https://www.lease-advice.org/

    Answered on Feb 15 2017, Report content
  • As a rough guide 10x ground rent added to the leasehold value. I would always suggest getting share of the Freehold.

    Answered on Feb 15 2017, Report content
  • Assuming it is a flat, it probably wouldn't make much difference to the price but might tip the balance in a buying decision. Share of Freehold implies more control over outgoings via a management company and that is far more important than the share-of-freehold itself.

    Answered on Feb 15 2017, Report content

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