I am a long leaseholder of a flat which is one of a block of four. the freeholder has indicated in the past that he is willing to sell freehold. another leaseholder agreed a figure 2 yrs ago but it never went ahead. I have approached other leaseholders and 2 have agreed to try to purchase freehold with me. if freeholder is still willing, we would like to know how much to offer. we are hoping to avoid LVT route and associated costs.
could someone please explain the calculation for me? please show calculation in case any variables need adjusting (eg. current market value)
lease is 99 yrs from dec 1987. ground rent is £50 first 33yrs, £100 next 33yrs and £200 last 33 yrs. I assume other flats are same. market value of each flat is about £75000. block is in kent.