Home & Garden4 mins ago
Freehold Value
2 Answers
We own a flat above a shop and the shop owns the freehold to our flat. If we were to buy the freehold for the flat, does anybody know how much we would expect to pay for it? I have been told the freehold is valued at a percentage of the property value...is this correct or can they pick a price from the sky?
Thank you in advance
Thank you in advance
Answers
Best Answer
No best answer has yet been selected by busymum100. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I have a share in the freehold of a Victorin house converted into 3 flats - mine is the maisonette on the first & second floors. There didn't seem to be a problem with getting a share of the freehold when I purchased - prior to my purchase, the 3 flats were all leasehold. So it is possible.
As for how much it's worth, I can't help you there, but you should get valuers & solicitors involved.
As for how much it's worth, I can't help you there, but you should get valuers & solicitors involved.