Canal side property

[cuthound]

Has it got a mooring, as yours has? If not, yours is still more valuable!

No, my son's Epsom flat has a parking space and a garage rather then a mooring

[Athy]

No, my son's Epsom flat has a parking space and a garage rather then a mooring

My question was tongue-in-cheek. I don't think I have ever seen a flat advertised with its own mooring!

(But, CWDF being what it is, someone will now tell us that he lives in one).

[Murflynn]

my bruv recently sold a building plot with PP, of less than 1/10th of an acre, with one parking space, near Dartmouth Castle on the waterfront, for £700K.

that's £7million per acre.

has a running mooring for a dinghy and concrete steps down the rocks into the sea.

 

jammy sod!

[oldboater66]

Anyone looking for canal side property in the northwest or just interested in seeing what crt are getting rid of should check out Pugh and co auctions. I've noticed the last few auctions have had a few interesting things for sale.

These all went in the Feb auctions 

http://www.pugh-auctions.com/Lot/Leeds/20170223/197   £132.000

http://www.pugh-auctions.com/Lot/Manchester/20170221/002 £75,000

http://www.pugh-auctions.com/Lot/Manchester/20170221/052 £267,000

http://www.pugh-auctions.com/Lot/Manchester/20170221/052 £215,000

 

[WotEver]

13 minutes ago, oldboater66 said:

Anyone looking for canal side property in the northwest or just interested in seeing what crt are getting rid of should check out Pugh and co auctions. I've noticed the last few auctions have had a few interesting things for sale.

These all went in the Feb auctions 

http://www.pugh-auctions.com/Lot/Leeds/20170223/197   £132.000

http://www.pugh-auctions.com/Lot/Manchester/20170221/002 £75,000

http://www.pugh-auctions.com/Lot/Manchester/20170221/052 £267,000

http://www.pugh-auctions.com/Lot/Manchester/20170221/052 £215,000

 

Those last two are the same link. 

[oldboater66]

oops

http://www.pugh-auctions.com/Lot/Manchester/20170221/053

[WotEver]

2 hours ago, oldboater66 said:

oops

http://www.pugh-auctions.com/Lot/Manchester/20170221/053

Ta

interesting returns on the property for folk who have spare cash to invest. £11k pa for a £200k investment isn't bad I suppose when you factor in that the initial investment is also going up in price. 

[oldboater66]

Yes and considering that there are 5 yearly rent review's. Let's hope that CRT are not being a little short sighted in selling off the family silver..

[rupertbear]

Canalside house at Park Lane on the Caldon:

https://www.sellmyhome.co.uk/properties/park-lane

Original canal house, extended. No mooring but there might be a lock under the garden.

[Alan de Enfield]

On ‎07‎/‎03‎/‎2017 at 20:16, WotEver said:

Ta

interesting returns on the property for folk who have spare cash to invest. £11k pa for a £200k investment isn't bad I suppose when you factor in that the initial investment is also going up in price. 

That's only 5.5% - then there is tax to pay on the income. - and when you come to sell the property you pay Capital gains tax.

Better investments are available.

[Athy]

23 minutes ago, Alan de Enfield said:

That's only 5.5% - then there is tax to pay on the income. - and when you come to sell the property you pay Capital gains tax.

Better investments are available.

"Only"? That would give a net income of over 4% after tax, which is extremely competitive at the moment, as interest rates on investments are disgracefully low. Only last week I had a notification of a new I.S.A. issue which seemed to think that it was the greatest thing since sliced bread - it offered just 1.1% per year interest. Our two rental properties yield about 4% net at the moment, which we consider to be very good. You pay Capital Gains tax only if you sell the property for a profit, and even then, there's a tax-fee allowance (I think it's about £11,000), and you can claim expenses such as estate agents' fees too). So you could sell this property for at least £210,000 without incurring tax.  

[Alan de Enfield]

I am currently getting 9% tax free in an 'overseas' bank.

If you use peer-to-peer lending you can get 1% per month (paid monthly) so, 12% pa

11 minutes ago, Athy said:

You pay Capital Gains tax only if you sell the property for a profit

Obviously - but surely as post number ???? said - "the initial investment will be increasing in price", and why would you consider selling at less than you paid for it ?

[Athy]

I wouldn't, unless of course the property market had declined, as it sometimes does.

Where did I suggest that I would?

[Alan de Enfield]

31 minutes ago, Athy said:

You pay Capital Gains tax only if you sell the property for a profit

 

2 minutes ago, Athy said:

Where did I suggest that I would?

If you are not going to sell at a 'profit' then there is not much point in selling.

[Richard10002]

21 minutes ago, Alan de Enfield said:

 

If you are not going to sell at a 'profit' then there is not much point in selling.

I think the point is that you will have made a profit if you pay CGT, and you only pay a part of that profit in tax, (18% or 28% after allowances), so you are ahead of the game by profit less tax, as well as the rental return.

 

[Athy]

26 minutes ago, Alan de Enfield said:

 

If you are not going to sell at a 'profit' then there is not much point in selling.

Where did I suggest not selling at a profit?

 

[WotEver]

5 minutes ago, Richard10002 said:

I think the point is that you will have made a profit if you pay CGT, and you only pay a part of that profit in tax, (18% or 28% after allowances), so you are ahead of the game by profit less tax, as well as the rental return.

Yes, exactly. 

1 hour ago, Alan de Enfield said:

... when you come to sell the property you pay Capital gains tax.

Of course you do, but only as a percentage of part of the profit. 

[WotEver]

51 minutes ago, Alan de Enfield said:

I am currently getting 9% tax free in an 'overseas' bank.

If you use peer-to-peer lending you can get 1% per month (paid monthly) so, 12% pa

On both of which you pay tax after your PSA. Pretty much like CGT...

[Athy]

1 hour ago, Alan de Enfield said:

I am currently getting 9% tax free in an 'overseas' bank.

 

That's excellent, not to say almost incredible. Which one?

[WotEver]

We pay 0.952% on an overseas mortgage which is also incredible but in the opposite direction. 

[Athy]

1 minute ago, WotEver said:

We pay 0.952% on an overseas mortgage which is also incredible but in the opposite direction. 

Well done. Yes, the other side of the lamentable interest rates currently in force is that, for people who have mortgages or other large loans, they make the cost of living far cheaper than it was, say, ten years ago.

[Alan de Enfield]

34 minutes ago, Athy said:

That's excellent, not to say almost incredible. Which one?

One of the 'Asian' banks in an emerging economy.

No local tax to pay, just reinvest the interest.

No guarantees (like in the UK) but if you chose carefully then its OK.

The other benefit (at the moment) is that it is a US Dollar account, so in the last year, not only have I achieved 9% interest but the capital has (in effect) grown by 21% as well, if I converted it back to Sterling.

[nebulae]

Back to the OP. The area between Welshpool and Newtown is  about 45 mins to Shrewsbury,  1 1/4hr to Aberystwyth, 11/4hr to Hereford(depending on exact location),generaly English speaking(although Welsh is spoken in some areas),and is a very pleasant area to live. We chose this area although we could have lived anywhere in the country,We have never regretted our decision.

[zenataomm]

On ‎25‎/‎03‎/‎2017 at 08:19, rupertbear said:

Canalside house at Park Lane on the Caldon:

https://www.sellmyhome.co.uk/properties/park-lane

Original canal house, extended. No mooring but there might be a lock under the garden.

You live up on The Caldon Rupert. Are you declaring or denying personal interest here?

[Tim Lewis]

15 minutes ago, zenataomm said:

You live up on The Caldon Rupert. Are you declaring or denying personal interest here?

Bit out of my price range:

 

http://www.knightfrank.co.uk/properties/residential/for-sale/blomfield-road-little-venice-london-w9/sjw150142

 

Tim