Current Market Value

• Is the property in prime, central London?

  Yes No
• What is the current market value of the flat?£

The value provided here should be current market value of the flat without a lease extension. 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

• What is the approximate number of years remaining on the lease of the flat? 90 or more 80 to 89 70 to 79 60 to 69 50 to 59 40 to 49 30 to 39 20 to 29 10 to 19 0 to 9

If the lease has less than 80 years remaining the increase in the value of your property caused by extending the lease must be shared 50:50 with the Freeholder. This is known as "Marriage Value".

Ground Rent

• What is the average Ground Rent for the flat?£

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.