Initial price	£26,000
10/09/25	£13,000
Price Change	-50.00%

This property is a portfolio of two freehold ground rents, secured on two modern houses in Harrow Road, a residential estate in Wombourne, just outside Stourbridge. The houses are of brick construction with pitched tile roofs and are subject to long leases of 99 years, with less than 48 years unexpired. The lessees pay a current ground rent of £50 per annum for one property and £45 per annum for the other, generating a total annual income of £95. The property is being sold at auction on September 10th with a guide price of £11,000 to £13,000. The buyer's administration fee is £650 including VAT.