Summary - 9, HARROW ROAD, KINGSWINFORD DY6 7SD
1 bed 1 bath Land
Cheap entry to a low‑income ground rent portfolio — cash buyers only.
Two freehold ground rents on modern detached and semi‑detached houses
A small portfolio of two freehold ground rents secured on a modern detached and a semi‑detached house in Kingswinford, offered at auction with a reduced guide of £11,000–£13,000. The lot produces a modest combined current ground rent of £95 per annum and sits on registered Title WM1474287. The houses lie in a well‑served suburban neighbourhood with good schools nearby, fast broadband and strong mobile signal.
This lot is aimed at investors or cash buyers prepared to accept the asset as a long‑term ground rent holding. The freehold interest is straightforward and benefits from no flood risk and onsite garage parking. The guide price reflects the limited income and the portfolio nature of the sale.
Material drawback: each lease has under 48 years remaining (leases expiring 23 June 2073). This short unexpired term makes mortgage finance unlikely and will restrict the pool of purchasers to cash buyers or specialist lenders. Rents are very low (£50pa and £45pa) and the total yield at guide price is modest. A buyers’ administration fee of £650 (inc. VAT) applies to the successful bidder.
Suitable purchasers should factor in leasehold enfranchisement / extension complexities and the low immediate income when assessing value. For a long‑term holder able to manage lease negotiation or to aggregate similar assets, the lot offers an inexpensive entry to an estate of modern suburban houses in an affluent locality.
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