Premium for a boat with residential mooring?

[NealB]

Any views on what the 'going rate' is in London for a boat with a residential mooring?

It's very difficult to differentiate between the price of the boat itself and the premium for being able to take over a mooring.

The B.W. web site states that any premium should accrue to them, not the boat owner. Is this the case in practice?

All advice most gratefully received.

Thanks.

 

[Gavi]

Surely someone must have an opinion for this chap?

 

[byron]

[ QUOTE ]
Surely someone must have an opinion for this chap?

[/ QUOTE ]
I think no one knows enough to venture an answer. Frankly I learned more from the question... I wasn't aware anybody laid claim to part or all of the premium.

 

[RutlandMike]

The trouble is that many/most residential moorings levy a fee of about 10% against the seller of any boat being sold on their mooring. Sellers want to recoup that amount. The premium for a residential mooring is actually whatever someone is prepared to pay for it. Good ones are as rare as rocking horse poo and in some cases well exceed the value of the boat itself. Indeed, many buy any crappy boat on a residential mooring intending to throw the boat away and replace it with something they like. Often sellers look at the price of a small flat in the area and take that into account when setting a price for the boat - regardless of the boats condition and value off the mooring. This seems to work on the tidal Thames with boats going for considerably more than they would off the mooring. Generally they start high (or very high) and over time drop until someone buys. For marine mortgage purposes however they will only consider the value of the boat itself with no value being attached to the mooring at all.