Summary - FGRs 11 & 17, Winsford Close, Halesowen, West Midlands, B63 3QH B63 3QH
1 bed 1 bath Land
**Standout Features:**
- **Property Type:** Land with freehold tenure.
- **Affordable Auction Price:** Guide price between £9,000 - £12,000.
- **Current Income:** Ground rent from two semi-detached dormer bungalows at £70 per annum.
- **Location:** Situated in an affluent, comfortable suburb with low crime and fast broadband.
- **Amenities:** Convenient access to local shops and bus services.
**Concerns:**
- **Lease Duration:** 43 years remaining, which may result in mortgage lenders being hesitant to finance the property.
- **Small Plot Size:** Limited space could affect development potential or personal use.
**Summary:**
This rare investment opportunity features a freehold piece of land secured against two semi-detached dormer bungalows, located in a highly desirable suburb of Halesowen. With a guide price of £9,000 - £12,000 at auction, it presents a low-cost entry for investors looking for passive income through ground rents totaling £70 annually. The property boasts a secure location in an affluent area with low crime rates and excellent broadband access, making it appealing for renters.
However, the property has a significant downside—only 43 years left on the lease, which may deter conventional mortgage options. This smaller plot size could limit your renovation or extension plans but may suit those seeking a manageable investment with steady income potential. Act quickly—this opportunity won't last long in such a competitive market!
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