Enfranchisement
Estimate the cost of collective freehold purchase for a block of flats.
Introduction
Who this is for: Leaseholders considering collective enfranchisement of their building.
Why it matters: Collective enfranchisement lets qualifying leaseholders buy the freehold together, taking control of management and granting themselves long leases at peppercorn rents. At least half the flats must participate, and the cost is shared between them.
Typical scenario: Eight of twelve leaseholders in a block acting together to acquire the freehold.
- Not securing enough participants — the 50% threshold is a hard statutory requirement.
- Overlooking the value of development potential such as roof space, which the freeholder will price in.
- Underestimating professional costs, since leaseholders pay both sides.
Inputs
Building
flats
flats
years
Freeholder Interest
Costs
Analysis
8 of 12 flats (67%) — qualifies (50%+ participating). The estimated premium is £237,640, and with £18,000 of professional costs the total is £255,640, or about £31,955 per participating flat against a value uplift of roughly £28,500 each.
This analysis provides context, not financial advice. Consult a qualified adviser before making investment decisions.
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Live Results
Estimated Premium
£237,640
Total Cost incl. Fees
£255,640
Cost per Participating Flat
£31,955
Qualifying Threshold
Qualifies (50%+ participating)