What is the price of a lease if it has 100 years left, and you want to extend it by a further 90 years, if the freeholder is the council?
The market value is £250k, I know it depends on the freeholder and area, any ideas, what calculation is used and how is it calculated, any specialists and surveyors around, please help me on this, you may give a general guide, as the freeholder is the council, not an individual? Is it also true, you do not pay the ground rent, anymore, if the lease is extended?
Web reference: http://www.direct.gov.uk/prod_consum_dg/groups/dg_digital...Answered on Oct 8 2012, Report content
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