Value of the remaining lease in London
Hi fellow investors,
I am reviewing my portfolio as well as new opportunities for investment covering some ex-Local Council flats that have <100 years left on their lease. Are there words of wisdom out there on what threshold one should consider for when to sell a property in relation to the remaining lease on an existing or new property, e.g. if lease is <90, then it is time to sell up as the market value decreases by X% for each Y years after that?
Each council has various ways to extend the leases of course (all flats are ex-local council) but they typically require one is and has been the resident for a few years to get an extension.
Thanks a lot,
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