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Freehold purchase
sat_nav
Posts: 1 Newbie
Dear all,
I'm after a little advice on behalf of my girlfriend please. She recently purchased a 99 year leasehold on a flat in a building that has 5 other flats within it. All the other flats have 65 years remaining on their leasehold as they were sold by the freeholder in 1976 with the exception of my girlfriends which she bought in april. The freehold for the building has recently been put up for sale and the leaseholders are meeting in a couple of weeks to discuss buying it.
My girlfriends flat has recently been valued at 130-150k and the freehold is selling for 31k
My questions are: a) Is it worth her while buying a share of the freehold?
and: b) Is there a way of evening things up a little as it seems to me that the other leaseholders have a lot more to gain in buying a share of the freehold?
Any advice greatly appreciated.
I'm after a little advice on behalf of my girlfriend please. She recently purchased a 99 year leasehold on a flat in a building that has 5 other flats within it. All the other flats have 65 years remaining on their leasehold as they were sold by the freeholder in 1976 with the exception of my girlfriends which she bought in april. The freehold for the building has recently been put up for sale and the leaseholders are meeting in a couple of weeks to discuss buying it.
My girlfriends flat has recently been valued at 130-150k and the freehold is selling for 31k
My questions are: a) Is it worth her while buying a share of the freehold?
and: b) Is there a way of evening things up a little as it seems to me that the other leaseholders have a lot more to gain in buying a share of the freehold?
Any advice greatly appreciated.
0
Comments
-
Clearly she should pay less for her '6th' of the freehold, but I'm no expert on pricing so can't say what percentage would be fair.
This is a useful site on leasehold matters.0
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