Buying Attic space

by Readers Question

10:51 AM, 3rd June 2015
About 6 years ago

Buying Attic space

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Buying Attic space

I would like to buy the attic space above my flat . There are 16 flats in our block and 12 of us own the freehold.  Buying Attic space

Eight of us have been using the attack as storage but it does not belong to us, it belongs to the freehold company.

I need to know how I can get a valuation do to buy the attack space?

Thanks

Dianne


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Comments

Diane Bardon

20:50 PM, 7th June 2015
About 6 years ago

Reply to the comment left by "Neil Robb" at "07/06/2015 - 19:36":

Nike are you saying the attic space has different values ? according to the the purpose of use i.e storage or conversion or separate accommodation .

Nick Pope

20:29 PM, 8th June 2015
About 6 years ago

If it remains as storage then the value change is marginal. However if it is suitable for conversion to additional accommodation for the first floor flats or could be developed separately then the value would be substantial and the lower floor residents could reasonably expect a share of the enhanced value as sharehlders in the freehold company.

Puzzler

9:50 AM, 1st July 2015
About 6 years ago

If the 8 voting in favour are the 8 now using it, you may find the vote is not valid. Under the circumstances the lower floors didn't get a fair shot. Again you would need a specialist.

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