houseboat mooring valuation??

[tricot39]

hi. anyone have any idea how to value a mooring in a city centre where there are no local precedents as it is part of a new development?? tia

No idea - I wanted to buy a houseboat years ago but felt too out of my depth (if you excuse the pun) with all the complications involved with mooring valuations, maintenance costs etc. A small part of me still hankers after one - good luck with it!

{totally unhelpful post}

don't think it is practical with 2 small dc! but i can dream!!

Ooh interesting! I'm a trainee surveyor and have done a bit of valuation work...

If I was asked to do this I would look for the nearest comparable moorings that you might find prices for. I know it's a new development but are there any nearby or of a similar quality where you can get prices for?

Do you have to pay an annual rent? Or are there any nearby where a rent is paid? If so, an investor would value this by multiplying the annual rent with a yield to give a figure. The yield figure depends on the security of the rent ie a 50 year term would attract a high multiplier making the property worth more.

Sorry, that's explained really poorly so sorry if it's confusing.

Ps, having done both of the above I would probably then add on a bit for 'scarcity value' as you know that no more mooring will be added.

I think it will be an annual contract for the mooring that is on offer. So there is limited security and no resale value. However i think it will be the sort of thing where you can roll the arrangement on to the next year if you stick to the rules.

That doesnt help really!

Ok, so to reflect the uncertainty, then a yield multiplier of 10 may be appropriate.

Are you looking for a valuation for the freehold value?

Leaseholder