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Fleecehold Valuation V Freehold

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Comments

  • Postik
    Postik Posts: 416 Forumite
    100 Posts Second Anniversary Name Dropper
    Personally I don't think it changes the value, I think it just limits your pool of buyers (as does anything that is "unusual" about a property).  If someone likes the house and the fee is £200 a year they may not care.  If they are paranoid (like me) it might play on their mind and they could possibly find a similar property that doesn't have the charge.

    I went through exactly this process.  I would have begrudgingly bought a property with such a charge, but I was lucky enough to find one without which was the icing on the cake for me.  The houses I looked at which did have the charge were all in the same ball park in terms of asking price.  In many cases, details of the charge were vague or glossed over ranging from "I think the charge is approximately £150 but I'm not sure" right through to "There is no charge" when there was.

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