Participating Flats

During the Freehold Purchase or "Collective Enfranchisement" process the freehold owner of ALL flats in the building will normally change. The Freehold share of all flats must hence be paid for, even if a flat owner does not take part in the process. Consequently, the more flats that take part, the lower the price per flat to be paid.

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Current Market Value

  • £

The value provided here should be the average market value of a flat in the building without a share of the freehold. If you are unsure, ask a trusted local estate agent, check out similar properties on Rightmove or see what similar properties in the area have sold for at Zoopla.co.uk (links open in new window).


Length of Lease

If a lease has less than 80 years remaining the increase in the value of your property caused by Freehold Purchase must be shared 50:50 with the Freeholder. This is known as "Marriage Value". For flats which do not take part in the process, the freeholder may need to be compensated for missing out on hypothetical profits due from non-participating flats seeking future lease extensions. This gives the freehold an additional "Hope Value" which is similar to Marriage Value.

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Ground Rent

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This is the yearly rent paid to the Freeholder. Note that most leases will have graded Ground Rent that increases with time. Such graded Ground Rents can significantly increase the final valuation.