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The leverage is in the unknown. It really depends if there is any other interest. I suspect not but who knows.
You're right though. I just wish I had a cooler calmer head. First offer rejected, we upped a little and now we wait. I think if they say no again we will have to walk. Hopefully at that point they will crumble.
Hovis
The property is now, as before, worth what people will pay for it. In a stagnant / falling market there is no rule of thumb here - they may have to ultimately suck up a loss.
You can look for similar properties and see what they sold for, but it's likely they may have sold pre-referendum so aren't really that useful a comparison.
Because I'm a bastard, I'd let them stew a little bit more. If they HAVE to sell, they will sell, and because they've told you they MUST sell, they don't have a whole load of leverage.