How much is a freehold worth?

toptop | 13:35 Thu 14th Feb 2008 | Property

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Thinking of Buying the ground floor flat and turning My flat and that one back into a house... The current owner of the flat up for sale has enquired to extend the lease (to enhance his chance of selling flat) with the freeholder, and �5k was the figure requested. If i were to buy the flat I wouldnt want the lease extended but would want the whole freehold.... How much should i expect to pay? and how did you come to an amount?

Many Thanks,
John