Leasehold homes in Wellington
How many homes in Wellington are sold as leasehold, including leasehold houses. Free
All sales leasehold
10%
4,076 sales since 2016
Houses sold leasehold
2%
excluding flats
New-build houses leasehold
0%
691 new-build houses
No streets in Wellington have mostly leasehold houses.
What to check before buying a leasehold home
- Lease length. Under 80 years gets expensive to extend and harder to mortgage. Use the lease extension calculator.
- Ground rent and how it rises. Doubling ground rents can make a home unmortgageable.
- Service charges and the sinking fund, plus any planned major works.
- Buying the freehold. Leasehold reforms are making it cheaper for many house owners to buy their freehold.
A conveyancing solicitor will check all of this for you.