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monkey-fingers

https://forums.moneysavingexpert.com/discussion/comment/81876578#Comment_81876578

https://www.sheffieldtribune.co.uk/a-london-lawyer-bought-hundreds-of-sheffield-freeholds-then-the-very-aggressive-letters-arrived/

Tabieth

it’s leasehold. I’m afraid I wouldn’t touch it.

user1977

https://forums.moneysavingexpert.com/discussion/comment/81877769#Comment_81877769

650 years is nearasdammit freehold. Nobody's going to be worrying about what happens in 2676.

RelievedSheff

https://forums.moneysavingexpert.com/discussion/comment/81877769#Comment_81877769

You wouldn't buy much in Sheffield then!

eddddy

Tabiethsaid:

it’s leasehold. I’m afraid I wouldn’t touch it.

If it really bothered you, you could probably buy the freehold using 'Statutory Enfranchisement'.

If the estate agent's listing is correct, and the ground rent stated in the lease really is £0, then the cost of the freehold would be about £0 (because the freehold is worthless).

But I think it's more likely that the lease says the ground rent is £5 or £10 or £20 or similar per year - so the freehold might cost around £100.

BUT… with an absent freeholder, the legal costs might be a bit high - maybe £3k to £5k.

(So you could offer £5k less than you would otherwise, to take account of the legal fees for buying the freehold.)