Permanent narrowboat mooring - cheap?

Blackfeather

Blackfeather

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www.blackfeatherboatcharter.com
A friend of a friend is selling a 60ft narrowboat with a permanent mooring at Lisson Grove (Little Venice is it?) and he was asking me what I thought of the price. Apparantly he wants £90 to £100k for it.I think the fees are around £2500 per annum.

Now I have absolutely no desire for a ditch slug but it struck me as very cheap accomodation for central London. If I had a kid at university there I would be seriously tempted.Is that why there are so many around that area and do most of them not get moved?
 
Is this a freehold or leasehold mooring and if its the latter, how long is the lease? Whats the split in value between the boat and the mooring? Also do you have to pay a service charge even if you own the berth?
Unless there's a huge demand for these moorings, I dont see it as a great investment compared to property. You could probably get a 2 bed flat, albeit a scruffy one, in the same area for £200k. Stick your kid in one bedroom, rent out the other, hopefully cover most of the mortgage interest and sell in a few years for a profit
 
It seems the mooring is on a long lease(don't know how long but virtually freehold so I am told).

As a direct comparison to owning convential property with all the additional costs that that carries, it still seems pretty cheap to me. Presumably there would also be more accomodation in a nicer position.
 
Well yes as a means of getting accomodation in London, its cheap and, if you really want to live on a boat, then its a great idea but as a place to sink £100k of cash, maybe its not as good an investment as property. Thats all I was saying
 
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