Freehold Purchase Calculator
A ball-park range for the price payable when leaseholders acquire the freehold of a building collectively.
Calculated under Schedule 6 to the Leasehold Reform, Housing and Urban Development Act 1993
Add a row for each participating flat. The section 13 notice fixes the valuation date.
| Flat | Value (long lease) | Unexpired term | Ground rent £pa |
|---|
Indicative price range
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This is a ball-park figure only. A collective claim is materially more complex than an individual lease extension. This calculator does not account for development value, hope value or the reversion on non-participating flats, leaseback rights, ground rent review provisions, commercial parts, improvements, defective leases or head leases — any of which can change the figure substantially. Relativity is derived from a curve based on the Savills 2015 and Gerald Eve 2016 unenfranchiseable graphs. It is not valuation advice. Please obtain a formal valuation from an RICS Registered Valuer.
What the calculator does not capture
Development value
Roof space, airspace, unused land, garages or conversion potential. On some buildings this is the largest single element of the price, and frequently the one a leaseholders’ valuer has not identified.
Non-participating flats
The freeholder retains a reversionary interest in flats whose leaseholders have not joined the claim. Hope value attaching to those reversions is not included here.
Leaseback rights
Where the freeholder is entitled to require leasebacks of non-participating flats, the price payable falls, sometimes considerably. For local authority and housing association freeholders certain leasebacks are mandatory.
Ground rent reviews
Fixed increases, doubling clauses or index-linked provisions all change the capitalised value of the income. This calculator assumes a level rent.
Commercial parts and head leases
Non-residential floor space, intermediate interests and head leases affect both qualification and valuation.
Improvements and defects
Leaseholder improvements are disregarded in the valuation. Defective leases and unusual terms cut the other way.
Dealing with an individual claim rather than a collective one? Use the lease extension calculator. For the process and your obligations, see collective enfranchisement.
A collective claim needs a proper valuation
Send us the building address, the number of flats and how many are participating. We will test whether the claim qualifies, identify any development value and advise on leaseback rights.
