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Based on a £20k value with zero ground rent, the short one would be about £4k to extend the lease.
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Unless you can get a legal agreement to extend the lease into the contract, then the first is worth roughly what you'd rent it for? But would also be really hard to sell on if/when you did want to move on with that lease.
stevo_com
villa-ru
@Dammit
Garage detail - is one of these basically worthless?
"No 1 has a 99 year lease starting in October 1974 so it has 53 years remaining.
No 2 has a 999 year lease starting approximately 30 years ago in line with the flat leases so has approximately 969 years to run."