Wolverley shared ownership narrowboat
Last updated 22nd October, 2017
Welcome to Wolverley Owners' Club site
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New to the idea of share ownership? Click HERE for guidance.
Share ownership is a very cost effective way to give boat ownership a trial, or indeed a way to reduce costs after owning your own boat, especially if you have found you don't use it as much as expected.
It also works well for those whose own boat is on the outer reaches of the system and who can't spend extended periods cruising around. For the pros and cons of share ownership use link in the menu below.
Wolverley is at the 'low cost' end of the boat-share market in terms of recurring annual costs. There are numerous share schemes that are cheaper to buy into but then have much higher annual costs.
This a very new scheme, but based on a secondhand boat that was originally designed specifically for shared ownership. Wolverley has been in shared ownership since being commissioned for the 'Ownerships' company back in 2003 but the former syndicate no longer operates. We bought her in February 2017.
When there are shares available, and we already have owners whose circumstances have changed since they bought their shares, the details (price, holidays included etc.) will be posted on our RE-SALES page.
Ongoing subscriptions are £45pcm + 25% surcharge for 'Special' shares. This covers ‘fixed annual costs’, maintenance and repair as well as contributing to the gradual build up of a contingency fund in readiness for any major expenditure (e.g. full repaint) in later years.
Please be aware that there are a great many alternative schemes out there that are much cheaper to buy into but also much more expensive in terms of ongoing costs. To see some comparisons against other schemes, look HERE.
It's also important to realise that, for all sorts of reasons, individual shares are sometimes for sale at prices far below 1/12th of the market value. This can simply represent the vendors enthusiasm to move on and can offer exceptional value for money. However, it can indicate problems with the boat, or indeed the scheme, that make the owner desperate to get out!
Members are able to purchase up to three shares each or indeed to subdivide their share between family or friends (subject to conditions).
5 Year Budget Comparisons
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