Freehold Purchase Calculator
Unlock the potential of your property with our freehold purchase calculator. This tool provides an instant estimation of your share of freehold's value, empowering you to take control of your property ownership, while taking into account details such as the existing ground rent, and purchase price for a more tailored calculation.
Calculate the value of your freehold
To calculate the value of your share of freehold and understand freehold purchase costs, and understand how much your cost to purchase will be, you will need to enter specific details into our freehold purchase calculator tool.
We’ll need the following details:
- The long lease value of your property
- The number of years remaining on the lease
- The annual ground rent
Once our calculator has provided an approximate range estimate of the freehold valuation, those looking to purchase their freehold can contact us for a professional appraisal from one of our experts.
How to Use Our Freehold Purchase Calculator
Our calculator will give you an approximate range estimate of the premium for lease extensions, or share of freehold purchase (through a collective enfranchisement process). It is based on available data, such as the current market value of similar leaseholds and average ground rent, and does not take into account specific factors that may alter the premium.
- Please note that this freehold purchase calculator is not intended to be used to buy the freehold of a leasehold flat with a lease of below 80 years remaining. If you have a lease with under 80 years remaining, please get in touch.
- It cannot give you the actual cost of a lease extension or acquisition, only a very rough valuation. In addition to your premium, there are both your own and your freeholder’s professional fees, and also potentially Stamp Duty (though this isn’t normally applicable). Speak to an appropriate project manager (such as The Freehold Collective) to get a better understanding of these fees.
- It doesn’t provide a definitive figure, just a rough estimate in the region of the likely settlement premium.
- The estimates by the freehold calculator tool shouldn’t be treated as a professional valuation and are not to be interpreted as professional advice. You should always ensure to get an accurate valuation from chartered surveyors as part of a freehold acquisition.
- You should not take any action based on the calculator estimate, including in courts or in a leasehold valuation tribunal.
- To the maximum extent permitted by law, The Freehold Collective shall not be liable for any loss, injury, claim, liability or damage of any kind resulting from, arising out of or in any way related to reliance on the estimate produced by this calculator.
Purchase cost factors included in your freehold estimation
Alongside the size and location of your block or building, in order for you to purchase a share of freehold on an apartment there are many factors that determine the estimated value and cost. The number of flats in a certain building, the length left before each lease is up, as well as any value added after purchasing the land all play into how much money freeholders will need to spend.
Additional fees to take into account include:
- Marriage Value: Freeholders are legally entitled to 50% of the increase in value of the lease when marriage value is taken into consideration on a flat. The flat’s value will rise once the freehold has been purchased and the lease extended.
- Your Own Professional Fees
- Your Landlord’s Professional Fees
Who might need this online freehold calculator tool?
If you’re a flat leaseholder and interested in buying the freehold on your property, this online freehold calculator tool is an invaluable resource. It provides you with a valuable approximate range estimate of the premium costs associated with collective freehold purchase.
As a leaseholder, you may currently pay ground rent to your landlord. This cost varies depending on your agreement and can fluctuate with the current market value of your property. One of the key benefits of owning your freehold property is that you’ll no longer have to pay this ground rent, which can result in substantial savings over time.
It’s also important to note that our freehold calculator does not include an estimation of potential Stamp Duty Land Tax. This is a tax on the purchase of properties in England and Northern Ireland and can significantly impact the total cost of acquiring a freehold. By providing you with an approximate estimate of these costs, our tool lets you plan and budget effectively for your freehold purchase.
Remember, while our calculator offers a good starting point, it’s crucial to get an accurate valuation from a professional service to understand your specific costs involved fully. This can include legal fees, valuation fees, and any additional costs related to the transfer of ownership.
Freehold Calculator Tool FAQs
The calculator requires information such as the long lease value, years remaining on the lease, annual ground rent, average ground rent, existing ground rent, purchase price, estimated cost, and the percentage of freehold interest.
No, it only offers a rough estimate of your purchase price and estimated cost based on current market conditions and the details you provide. For a precise figure, a professional appraisal is recommended.
Yes, the annual ground rent is a core factor in estimating your property's freehold value when you use the calculator.
The calculator is not intended for leases under 80 years. If this applies to your property, please get in touch directly for tailored advice.
No, the estimated cost does not cover additional expenses such as professional fees, legal fees, or potential Stamp Duty Land Tax, so be sure to budget for these separately.
Free Consultation
We’d love to hear from you. Send us a brief message on any leasehold or freehold matter, and we’ll be in touch to book your free initial consultation.
Our free, no obligation, consultation will include:
- A brief review of the Land Registry information relating to a flat or building
- A discussion around the specific problems faced by a leaseholders
- Feedback based on our review Land Registry records and other information relating to your specific flat or building
- Advice on your options, pros and cons of the the best way to solve your problems and realise additional long term benefits of your property