Freehold reversion price

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    Freehold reversion price

    Hello All,

    Please can I ask for some assistance.

    I have a leasehold house that has 28 years left of a 99 year lease remaining.

    the ground rent is £9 a year and the valuation of other freehold properties on the road are around £240k.

    I have received a freehold price for £25600 and was wondering whether this was correct.

    Also what type of notice do I need to serve on the landlord.

    Any help would be greatly appreciated.

    Regards

    Gurd

    #2
    About right

    House worth £240K - therefore value of land worth circa 35% = £84k

    Right to receive 84k in 28 years time discounted at 4.75% (in line with Sportelli) = £84,000 / 1.045^28 = £84,000 / 3.43 = £24,489

    In excel the formula would be =round(1.045^28,5)

    The 5 = number of decimal places you want

    Comment


      #3
      Thank you for your reply greatly appreciated.

      Comment

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