Lease Extension Desktop Valuation: What You Need to Know
Extending the lease on your flat is one of the most effective ways to protect and improve its value, yet many leaseholders hesitate because they do not understand the likely costs involved. A clear, professional estimate of the lease extension premium is the first step in making an informed decision.
At Olden Property, we offer Lease Extension Desktop Valuations at a fixed fee of £450 + VAT. This service provides a reliable, RICS-compliant estimate of the premium payable to extend your lease, without the cost and delay of a full inspection.
What Is a Desktop Valuation?
A desktop valuation is a professional valuation prepared without a physical site visit. Instead of inspecting the property in person, our RICS-registered valuer analyses available data, comparable market evidence and key lease details to assess the likely premium payable to extend the lease.
This approach allows us to produce a well-reasoned, evidence-based estimate more quickly and cost-effectively than a full inspection report — typically within 3–5 working days of receiving the relevant information.
What’s Included in the Report?
For a fixed fee of £450 + VAT, you will receive a concise, professional valuation report that includes:
An estimate of the likely premium payable to extend your lease
Commentary on the remaining lease term and how it affects value
Review of ground rent and local market comparables
Insight into marriage value and how expected leasehold reform may impact costs
Guidance on next steps under the statutory process, should you choose to proceed
These elements are essential to understanding the likely financial commitment before taking formal steps - such as serving a Section 42 Notice under the Leasehold Reform, Housing and Urban Development Act 1993 - to extend your lease.
When Is a Desktop Valuation Ideal?
A desktop valuation is particularly useful if you:
Want an early indication of the cost to extend your lease before formally engaging with a freeholder
Are negotiating informally and need a professional basis for discussions
Are buying or selling a flat and need to understand the impact of the lease length on value
Wish to assess whether extending your lease now is financially sensible
Should your circumstances require a more detailed inspection — for example, where ground rent terms are complex or a matter proceeds towards tribunal — the desktop valuation can be upgraded to a full inspection report at a later stage.
Why Choose Olden Property?
Olden Property is a RICS-regulated valuation practice with extensive experience in lease extension and enfranchisement work across Kent, Sussex, Surrey and Greater London. Our desktop valuations combine national valuation standards with local market insight, giving leaseholders, solicitors and advisers confidence in the advice provided.
Our reports are widely accepted by solicitors and leasehold advisers throughout the South East and are designed to give you clarity on likely costs before committing to the statutory process.
How to Get Started
To arrange your fixed-fee desktop valuation (£450 + VAT), all we require are:
The property address
The remaining lease term
The ground rent payable
An approximate current value of the flat
Once this information is received, we will confirm timescales and deliver your report within a few days.
Investing in a lease extension is a significant decision. A professional desktop valuation provides the clarity and market evidence you need to proceed with confidence.
Contact Olden Property today to arrange your Lease Extension Desktop Valuation