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Ballpark Freehold Purchase Valuation Calculator
How many flats are there in the building?
How many flats will take part in the Freehold Purchase process
During the Freehold Purchase or 'Collective Enfranchisement' process the freehold owner of ALL flats in the building will normally change. The Freehold share of all flats must hence be paid for, even if a flat owner does not take part in the process. Consequently, the more flats that take part, the lower the price per flat to be paid.
Enter the average value of a flat in the building: £
Ask your local estate agent, check out similar properties on Rightmove or see what similar properties in the area have sold for at HousePrices.co.uk
Enter the average predicted value of a flat in the building after Freehold Purchase: £
If there are 70 years left on the lease, Freehold Purchase may increase the value of the property by approximately 10%. Note that the value inputed here can significantly affect the final valuation.
Enter the average years remaining on the lease for a flat in the building:  
Find this out from the relevant leases. If a lease has less than 80 years remaining the increase in the value of your property caused by Freehold Purchase must be shared 50:50 with the Freeholder. This is known as 'Marriage Value'. For flats which do not take part in the process, the freeholder may need to be compensated for missing out on hypothetical profits due from non-participating flats seeking future lease extensions. This gives the freehold an additional 'Hope Value' which is similar to Marriage Value.
Enter the Ground Rent: £
This is the yearly rent paid to the Freeholder. Note that most leases will have graded Ground Rent that increases with time. Such graded Ground Rents can significantly increase the final valuation.
Check this box if the property is in central London
Freehold Purchases for prime properties in central London tend to be more expensive.

Ballpark cost of Freehold Purchase per PARTICIPATING flat: £
This valuation is a rough approximation only. You should not rely on this information to make (or refrain from making) any decisions.

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