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Is it a stream of endless fixed payments?
If it’s £100 per annum you can divide it by a reasonable interest rate. So at 5% interest it could be
100/.05=£2,000
There’s an official calculation for this, example calculators here [https://www.freeholdcalculator.com/freehold_choose.php](https://www.freeholdcalculator.com/freehold_choose.php)
Although of course if you are doing this informally you might want to discuss outside that framework … but the freeholder’s solicitor may point out that they are selling themselves short.