cost of owning a sailing yacht uk

How Much Does a Sailing Yacht Cost?

The real cost of owning a sailing yacht.

When looking to purchase a sailing yacht in the UK, there’s a number of things that you’ll need to consider before buying the boat of your dreams. Whether that be the manufacturer, age of the yacht, the components of the sails and the maintenance costs after buying the vessel, the sailing yacht cost can vary from as little as £5,000 right up to £5,000,000 (excluding super yachts).

In this sailor’s guide, we outline exactly what a sailing yacht is, factors that can influence the purchase cost, maintenance fees and where you can buy a sailing yacht in the UK.

What is a sailing yacht?

Factors that influence the purchase price of a sailboat, maintenance fees, where to buy a sailing yacht, how much does a sailing yacht cost – quick summary.

When purchasing a sailing yacht in the UK, make sure to consider factors like brand, model, age, size, location, and demand. A typical yacht price can range from £5,000 to £5,000,000, dependent on your specific requirements. Maintenance fees, including insurance, mooring, and equipment, can be 5-10% of the yacht’s value annually so is a vital factor to consider when you weigh up the costs of buying a sailing yacht. There is a range of expert yacht brokers at Clipper Marine that can assist you during your search for the perfect sailing yacht.

A sailing yacht or sailboat is a boat that’s main power source is the wind, which is captured by the mainsail and headsail to propel the boat forwards. The sails consist of the mainsail, headsail and spinnaker.

Sailing yachts can be typically measured at 10m in length, however some vessels can come in longer.

As with everything sailors buy, sailing yachts and sailboats are no different in that they can vary greatly in price.

Location and demand

Sailing yachts are often linked to the rich and famous who harbour their vessels off the coast of luxury harbours and whilst this has some truth to it, they are easily accessible for ‘ordinary’ people who want to explore a new hobby or pastime. Some sailing yachts are more expensive in certain locations across the globe (such as Monaco and Dubai) because of mooring costs, the desirability to store and buy boats in certain marinas and sometimes the exchange rate. 

For example, those in the UK will be paying an average global rate for sailing yachts, whereas those in the Middle East will be buying their boat at a premium rate.

Brand and model

Sailing yachts and sail boats from leading brands such as Bavaria and Bali are always in demand and with newly released models each year, prices can go up and down depending on what brand and model you choose to purchase. Sailing yachts from industry-leading manufacturers like Beneteau can fetch anything up to £1,000,000 brand-new, whereas a used sailboat from a lesser-known brand such as Sabre can be as little as £5,000 so the purchase price can hugely differ depending on what manufacturer you choose to go with.

Age and size of the sailing yacht

Another factor that can influence the cost of a sailing yacht is the age and size of the vessel. Typically, new sailing yachts fetch a higher value than their used counterparts simply due to the age of the vessel, so you’ll need to consider whether you’re desperate to buy a new or used sailboat .

In addition to the age and condition of the yacht, the size of it can influence the cost too. A smaller boat like the Bali Catspace Sail will typically cost less compared to a larger vessel such as the Bavaria C57 . The size of a deck, how many cabins there are on-board, the living space, condition of the sails and other features on the yacht can push the price up as these tend to be more desirable among sailors.

Whilst the initial purchase price of a sailing yacht is a one-off payment, there are ongoing costs to keep your vessel in the best condition it can be. As a ball-park figure, it can cost 5% – 10% of the yacht’s total value each year to maintain, store, insure and run.

Typical yacht maintenance costs

• Mooring costs
• Maintenance costs of the yacht, equipment and sails
• Travel costs
• Wintering and dry dock
• Extras and contingencies
• Paying a fixed monthly fee

Here at Clipper Marine yacht brokerage , we have sales offices across the UK and Spain so you’re never far from purchasing your dream sailing yacht. The team here at Clipper Marine can help find the perfect sailboat for your exact requirements, whether that be from a prestigious brand like Bavaria and Bali, we have stock of sailing yachts across the UK and Spain .

If you’re considering buying a new or used boat , speak to one of our yacht brokers who can help further.

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Sailing yacht running costs: a guide to savings & expenses

Understand the costs of sailboat ownership, from maintenance to storage and insurance, and discover 8 practical cost-saving tips to keep your outlays in check.

When it comes to yacht ownership, the iceberg analogy holds true: the initial purchase price is just the tip, while a matrix of additional sailing costs lurks beneath the surface. Yet, with diligent financial planning and savvy economising strategies, these can be effectively managed and need not become a daunting prospect.

This guide breaks down the financial aspects of owning a sailing boat and provides a detailed look at each expense, revealing potential hidden figures, and setting realistic expectations for the overall investment. Best of all, it weaves in cost-saving tips and strategies shared by real yacht owners who have navigated these waters and learned to keep their dreams afloat without sinking their budgets.  

The initial purchase effect on the running costs 

The influence of new vs. used boats: a cost-benefit analysis  .

Beyond the initial purchase price, the decision to buy new or used can significantly influence the subsequent yacht running costs. Each option has its pros and cons in terms of cost, quality, and equipment included.  

Buying new: While this option is pricier, it provides state-of-the-art equipment and ensures a boat in mint condition. It also offers extensive customisations in color, material, and equipment, unlike buying a used boat with someone else's choices. 

Buying used: A pre-loved boat may have higher maintenance costs due to wear and tear, but it can be more affordable upfront. Also, previous owners may have made improvements or modifications, adding value that lasts beyond the initial purchase.

Conduct thorough market research before buying, even when purchasing new yachts. Negotiate prices using insights from guides, forums, and brokerage sites. Never skip a pre-purchase survey; it can reveal issues that provide bargaining power, potentially lowering both your upfront and future sailing costs.

Ongoing boat running costs 

Now that you've found a way to finance the initial cost of your sailboat , it's time to budget for the ongoing expenses. Here's what to consider:  

Sailing boat maintenance costs   

Routine maintenance, including cleaning, painting, and servicing the auxiliary engine, is essential to keep your sailing boat in prime condition. In the UK, the average cost for this can range between £200 to £500, and it's advised to service your boat annually. Your sails and rigging also need regular inspection and occasional replacement.   

You can opt for a DIY approach or hire professional assistance. While the former can save money initially, professionals not only provide a thorough job, but often offer a warranty, potentially safeguarding against future costly repairs.  

Regular maintenance can prevent more significant issues down the line. Consider learning basic maintenance skills to save on professional service costs. Remember, a well-maintained boat has a higher resale value.

Yacht berthing and storage   

Mooring fees fluctuate considerably depending on location and season, with marinas usually charging on a per-metre basis. For example, popular coastal spots during peak season can be pricey, whereas inland marinas might offer more affordable rates. Dry storage becomes essential, particularly during winter in colder climates. The cost of such facilities also varies widely, factoring in aspects like security, climate control, and accessibility.  

Consider off-season berthing or mooring options, which are often significantly cheaper than peak season rates.

Sailing boat insurance   

Sailboat insurance costs depend on several factors, including boat value, owner's experience, and sailing area. Coverage varies across policies but generally includes hull, machinery, equipment, and third-party liability - with additional options such as coverage for personal effects on the boat or environmental damage liability may be available. It's also important to consider that some companies offer agreed-value policies that guarantee the insured amount rather than actual cash-value policies that factor in depreciation, which can significantly impact your financial protection in the event of a loss.  

Look for insurers who offer discounts for experience, sailing qualifications, or choosing a higher excess. A no-claim bonus can also reduce your premium.

Operational cost of boat ownership  

The operational costs of yacht ownership extend to provisions and essential equipment's inevitable wear and tear. This includes ropes, which face deterioration from elements such as UV radiation and salt water, thus requiring regular replacement. Similarly, sails, being subjected to wind stress and variable weather conditions, demand frequent inspections for repairs or, over time, complete replacement.  

Fuel costs for your auxiliary engine will also be a regular expense. These can vary widely and are influenced by factors such as the size and efficiency of your engine, how often and in what conditions you're sailing, and the current fuel prices in your sailing area.  

Optimise your sailing technique for wind conditions to minimise reliance on the engine, saving fuel costs.

Sailing training and boat licensing   

Obtaining necessary sailing qualifications and licences comes with associated costs, which are crucial investments in your safety and legal compliance. Options range from practical approaches such as the Royal Yachting Association (RYA) Competent Crew and Day Skipper courses to theory-based programs like the Yachtmaster Offshore and Ocean exam . Not only do these certifications equip you with essential sailing skills, they are often required for insuring your vessel and can be beneficial in reducing your insurance premium.    

Consider group training courses, which are often cheaper than private lessons.

Boat cleaning and safety equipment   

Caring for your sailing yacht goes beyond mere aesthetics; it's about safeguarding your investment. Regular cleaning preserves the boat's appearance and prevents long-term damage caused by corrosive saltwater and UV exposure. Similarly, investing in essential safety equipment like lifejackets, flares, fire extinguishers, and navigation lights is non-negotiable. These items ensure you're prepared for emergency situations at sea, thereby providing peace of mind for both you and your crew.   

Regular cleaning can prevent the build-up of grime and marine growth, leading to lower maintenance costs in the long run.

Regulatory yacht running costs   

Regulatory sailing costs are an oft-overlooked aspect of yacht ownership but can add up depending on your sailing habits and chosen locations. Depending on the type of water activities you pursue, you may need boating permits or fishing licences. In addition, certain waterways might impose their own fees - all of which are influenced by factors such as your boat size, the time of year, or your stay duration.  

Thoroughly research permit and licensing costs for your intended sailing area. Planning your routes can also help avoid unexpected fees.

Summing up: sailboat running cost saving tips 

Make informed choices: Utilise market insights to negotiate prices and always conduct a pre-purchase survey for potential bargaining power.  

Invest in regular maintenance: Regular maintenance can help prevent bigger issues and increase the resale value of your boat.  

Off-season berthing: Consider off-season berthing or mooring options for cost efficiency.  

Insurance discounts: Opt for insurers offering discounts for experience, qualifications, or higher excess. A no-claim bonus can also lower your premium.  

Energy efficiency: Minimise reliance on the engine by optimising your sailing technique, reducing fuel costs.  

Group training: Opt for group training courses which are usually cheaper than private lessons.  

Regular cleaning: Regular cleaning prevents grime and marine growth build-up, lowering maintenance costs over time.  

Plan ahead: Research permit and licensing costs thoroughly for your intended sailing area and plan your routes to avoid unexpected fees.  

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Breaking Down the True Cost of Boat Ownership in the UK

Are you tired of the high costs and maintenance associated with owning a boat? Well, get ready to set sail into a new era of boating with shared boat ownership. As technology continues to revolutionise our lives, it’s no surprise that it’s also transforming the way we enjoy recreational activities. Boat Club’s and shared boat ownership is quickly gaining popularity as a cost-effective and hassle-free solution for boating enthusiasts. In this article, we will dive into the future of boating and explore the numerous benefits of shared boat ownership and a Boat Club with membership. From reduced costs and maintenance responsibilities to increased flexibility and access to a variety of boats, shared boat ownership or a Boat Club offers an exciting alternative to traditional boat ownership.  Whether you’re an avid sailor or a weekend adventurer, join us as we embark on a journey to discover the incredible advantages that shared boat ownership can bring to your boating experience.

Initial Purchase Costs

When it comes to boat ownership, one of the most significant expenses is the initial purchase cost. Buying a new boat can be a substantial financial investment, with prices ranging from a few thousand pounds to several hundred thousand pounds or more, depending on the type and size of the boat. However, a Boat Club allows you to use a boat owned by someone else, or shared ownership with other co-owners, significantly reducing your financial burden. By sharing the initial purchase cost, or joining a Boat Club, you can enjoy the benefits of owning a boat without breaking the bank.

Furthermore, shared membership boating provides access to a wider range of boats that you might not be able to afford on your own. Whether you’re interested in sailing, fishing, or cruising, there are boat share schemes that cater to different preferences and budgets. This means you can choose a boat that best suits your needs and enjoy the boating experience without compromising on your financial goals.

Additionally, shared boat ownership often includes professional management services that take care of the administrative tasks associated with boat ownership, such as registration, licensing, and documentation. This not only saves you time and effort but also ensures that your boat remains in compliance with all legal requirements.

In summary, shared boat ownership and Boat Clubs offers a more affordable way to own a boat, allowing you to share the initial purchase cost with other co-owners and access a wider range of boats that suit your budget and preferences.

Ongoing maintenance and repair expenses

Apart from the initial purchase cost, another significant factor to consider when it comes to boat ownership is the ongoing maintenance and repair expenses. Boats require regular maintenance to keep them in good working condition and ensure their longevity. From cleaning and hull maintenance to engine servicing and repairs, these costs can quickly add up.

However, shared boat ownership or joining a Boat Club can help alleviate the financial burden of maintenance and repairs. In most shared ownership programs, the responsibility for maintenance and repairs is usually the responsibility of the membership boating club or shared among the co-owners, with each contributing a portion of the costs. This not only reduces the individual financial burden, but also ensures that the boat is well-maintained and kept in optimal condition.

By entrusting the maintenance and repair responsibilities to professionals, you can enjoy peace of mind and spend more time on the water, knowing that your boat is in good hands.

Insurance and licensing fees

When it comes to boat ownership, insurance and licensing fees are essential considerations. Just like any other vehicle, boats need to be insured and licensed to ensure compliance with legal requirements and protect against potential accidents or damages. However, these fees can vary depending on factors such as the type and size of the boat, your location, and your boating experience.

Shared boat ownership often includes insurance and licensing fees as part of the ownership program. By pooling resources with other co-owners, you can benefit from group insurance policies that offer lower premiums compared to individual policies. This not only reduces your insurance costs but also provides comprehensive coverage for your boat, including liability protection and coverage for damages.

Furthermore, boat clubs typically handle all the necessary paperwork and administrative tasks related to licensing and registration. This saves you time and effort while ensuring that your boat remains legally compliant.

Mooring and storage costs

In addition to purchase costs, maintenance expenses, and insurance fees, another significant expense associated with boat ownership is mooring and storage. Finding a suitable mooring location for your boat can be challenging, especially in popular coastal areas where demand often exceeds supply. Additionally, mooring fees can vary depending on factors such as the location, facilities available, and the size of your boat.

Shared boat ownership or a Boat Club can help alleviate the challenges and costs associated with mooring and storage. Many shared ownership programs include access to dedicated mooring facilities or partnerships with marinas, ensuring that you have a secure and convenient place to keep your boat. By sharing the mooring costs with other co-owners or having them covered, means you can enjoy the benefits of a prime mooring location without the exorbitant expenses.

Fuel and operating expenses

When it comes to boating, fuel and operating expenses are ongoing costs that need to be considered. The amount of fuel a boat consumes depends on factors such as the type and size of the boat, the speed of operation, and the distance travelled. Additionally, operating expenses may include costs for amenities such as electricity, water, and waste management.

A Boat Club or shared boat ownership can help reduce fuel and operating expenses through efficient management and planning. Many shared ownership programs implement fuel management systems that track and allocate fuel costs based on usage. This ensures fair distribution of expenses among the co-owners and promotes responsible fuel consumption. Additionally, shared ownership programs often negotiate discounted fuel rates with local suppliers, further reducing the cost of fuel.

Furthermore, shared boat ownership programs typically handle the logistics of amenities such as electricity, water, and waste management. This ensures that these services are readily available and properly maintained, saving you time and effort.

Depreciation and resale value

One aspect of boat ownership that is often overlooked is depreciation and resale value. Like any other vehicle, boats depreciate over time and lose value. However, shared boat ownership can help mitigate the impact of depreciation and potentially enhance the resale value.

By sharing the ownership of a boat, the depreciation is shared among the co-owners, reducing the individual financial loss. In addition, Boat Club membership models often have well-maintained boats that retain their value better than privately owned boats. This can result in a higher resale value if you decide to sell your share of the boat in the future.

Furthermore, a Boat Club allows you to experience different types and models of boats. This gives you the opportunity to explore and find the boat that best suits your preferences and needs.

Additional expenses to consider

Aside from the main costs associated with boat ownership, there are additional expenses that you should consider when evaluating the true cost of owning a boat. These expenses may include boating accessories, safety equipment, navigation tools, fishing gear, and other personal preferences.

Boat Club programs often include the option to purchase or rent additional equipment and accessories at discounted rates. This allows you to enjoy the benefits of owning a boat without the need to invest in all the necessary items upfront. Additionally, shared ownership programs may offer access to shared amenities such as fishing gear, water toys, and recreational equipment, further enhancing your boating experience.

Budgeting and financial planning for boat ownership

Now that we have explored the various costs associated with boat ownership, the benefits of shared boat ownership and Boat Club’s, it’s essential to consider budgeting and financial planning. Owning a boat, whether individually or through shared ownership, requires careful financial management to ensure that you can afford the ongoing costs and enjoy a worry-free boating experience.

When considering boat ownership, it’s crucial to assess your current financial situation and determine how much you can comfortably allocate towards boat ownership expenses. This includes not only the initial purchase cost but also ongoing costs such as maintenance, insurance, mooring, and fuel. By creating a realistic budget and sticking to it, you can avoid financial strain and enjoy the benefits of boat ownership without compromising your financial stability.

In addition to budgeting, it’s also essential to consider factors such as your boating frequency, desired boat type and size, and long-term financial goals. These factors will help guide your decision-making process and ensure that you make an informed choice when it comes to boat ownership. Additionally, it’s always a good idea to consult with financial advisors or boat ownership experts who can provide guidance and assistance in your financial planning.

How Much does it Cost to Own a Sailing Boat in the UK?

Published by sail on march 7, 2023 march 7, 2023, how much does it cost to own a sailing boat in the uk.

The cost of owning a sailing boat in the UK can vary widely depending on several factors, such as the size and type of boat, age, condition, location, storage options, and maintenance requirements. Here are some of the major expenses associated with owning a sailing boat in the UK:

Purchase price: The initial cost of buying a sailing boat in the UK can range from a few thousand pounds for a small used boat to several hundred thousand pounds for a new, high-end model.

Mooring fees: Depending on the location and size of the boat, mooring fees can range from a few hundred pounds to several thousand pounds per year. In some areas, you may also have to pay additional charges for electricity, water, and other services.

Insurance: Boat insurance is essential to protect against damage, theft, and liability. The cost of insurance can vary depending on the value of the boat, its age, and your sailing experience.

Maintenance and repairs: Regular maintenance and repairs are necessary to keep your boat in good condition and ensure safe and enjoyable sailing. These costs can include engine servicing, hull repairs, sail replacement, and other upkeep expenses.

Equipment and accessories: Depending on your sailing needs and preferences, you may need to invest in equipment and accessories such as safety gear, navigational aids, communication devices, and other gadgets.

Overall, the annual cost of owning a sailing boat in the UK can range from a few thousand pounds for a small, used boat to tens of thousands of pounds for a larger, new boat with all the necessary equipment, mooring, and maintenance costs. It’s essential to factor in all these expenses when considering whether owning a boat is financially feasible for you.

How much is the cost of insuring a sailboat in the United Kingdom?

The cost of insuring a sailboat in the United Kingdom can vary depending on several factors, such as the type and size of the boat, its age, value, and usage, as well as the owner’s sailing experience, location, and insurance history. Here are some of the key factors that can affect the cost of sailboat insurance in the UK:

• The size and value of the boat : Generally, the larger and more expensive the boat, the higher the insurance premium. The value of the boat also affects the level of coverage and deductible.
• The type of boat : Different types of sailboats have different risks and require different types of coverage. For example, racing boats may require special coverage for regattas and racing events.
• Usage : How and where the boat is used can impact the insurance premium. For example, if the boat is used for commercial purposes, such as chartering, the insurance cost may be higher.
• Owner’s experience : The owner’s sailing experience and insurance history can also influence the cost of insurance. Owners with more experience and a clean claims record may qualify for lower premiums.

Based on these factors, the cost of sailboat insurance in the UK can range from a few hundred to several thousand pounds per year. A small, used sailboat may cost a few hundred pounds per year to insure, while a larger, new boat may cost several thousand pounds per year. It’s important to shop around and compare quotes from different insurance providers to find the best coverage and price for your specific sailboat and sailing needs.

How expensive are marinas’ berths for a sailing yacht in England?

The cost of marina berths for a sailing yacht in England can vary depending on several factors, such as the location, size of the boat, length of stay, and the facilities and services provided by the marina. Here are some approximate costs for marina berths in England:

South Coast : Berthing fees for a 40-foot sailing yacht in popular marinas on the south coast of England can range from around £3,000 to £6,000 per year, with additional charges for electricity, water, and other services.

East Coast : Berthing fees for a 40-foot sailing yacht in marinas on the east coast of England can range from around £2,000 to £4,000 per year, with additional charges for services.

West Coast : Berthing fees for a 40-foot sailing yacht in marinas on the west coast of England can range from around £2,500 to £4,500 per year, with additional charges for services.

It’s worth noting that some marinas offer discounts for longer-term contracts, and fees may be higher during peak season or for larger boats. Additionally, some marinas may have waiting lists for berths, particularly in popular locations, which may affect availability and pricing. It’s always advisable to check with individual marinas for up-to-date pricing and availability information.

Which are the taxes of owning a sailing boat in England?

There are several taxes and fees associated with owning a sailing boat in England. Here are the main ones:

Value Added Tax (VAT) : If you purchase a new or used boat in the UK or import a boat from outside the EU, you may need to pay VAT. The current standard rate of VAT in the UK is 20%, and this applies to most boats.

Annual Mooring Fees : If you moor your boat in a marina or harbor, you will need to pay annual mooring fees, which can vary depending on the location and size of the boat.

Boat Safety Scheme (BSS) : All boats in the UK are required to have a BSS certificate, which ensures that the boat meets certain safety standards. There is a fee for the BSS inspection and certificate, which is renewable every 4 years.

Insurance Premium Tax (IPT) : This is a tax on insurance premiums, including boat insurance. The current IPT rate in the UK is 12%.

Fuel Duty : If you use diesel or petrol to power your boat, you will need to pay fuel duty. The current fuel duty rate for marine fuel in the UK is 42.6 pence per litre.

Customs Duty : If you import a boat from outside the EU, you may need to pay customs duty. The rate of duty depends on the value and type of the boat.

It’s important to note that the taxes and fees associated with owning a sailing boat in England can change, and the above list is not exhaustive. It’s always advisable to check with relevant authorities or a professional advisor for up-to-date information on taxes and fees associated with owning a sailing boat in England.

How much is Custom Duty in UK for a sailing yacht?

The amount of customs duty payable on a sailing yacht imported into the UK will depend on several factors, including the value and origin of the yacht.

If the yacht is being imported from within the European Union, there is generally no customs duty payable. However, if the yacht is being imported from outside the EU, it may be subject to customs duty.

The current rates of customs duty on boats vary depending on the type of boat and its country of origin. For example, boats built in the USA may be subject to a customs duty of 1.7%, while boats built in Canada may be subject to a customs duty of 0%.

It’s worth noting that customs duty is calculated based on the value of the boat, which includes the purchase price, shipping costs, and any other fees associated with the importation of the boat. Additionally, there may be other taxes and fees associated with importing a boat into the UK, such as Value Added Tax (VAT) and the cost of complying with UK regulations.

It’s always advisable to check with HM Revenue and Customs or a professional advisor for up-to-date information on customs duty and other taxes and fees associated with importing a sailing yacht into the UK.

How much would the Boat Safety Scheme (BSS) cost for a sailboat in UK?

The cost of the Boat Safety Scheme (BSS) examination and certification for a sailboat in the UK can vary depending on the size of the boat, the type of equipment installed, and the location of the examination.

As of March 2023, the fees for the BSS examination and certification for a sailboat are as follows:

• For a sailboat up to 7 meters (23 feet) in length, the fee is £107 for an examination or £61 for a re-examination.
• For a sailboat between 7 and 12 meters (23-39 feet) in length, the fee is £160 for an examination or £107 for a re-examination.
• For a sailboat between 12 and 15 meters (39-49 feet) in length, the fee is £211 for an examination or £160 for a re-examination.
• For a sailboat over 15 meters (49 feet) in length, the fee is £263 for an examination or £211 for a re-examination.

It’s important to note that these fees are subject to change, and the actual cost of the BSS examination and certification for a sailboat may vary depending on the individual circumstances. Additionally, if any remedial work is required to bring the boat up to the required standards, this will incur additional costs. It’s always advisable to check with a BSS examiner for up-to-date information on fees and requirements.

Have a look at our extensive database of over 10,000 sailing boats, with plenty of details for each of them, here!

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How Much Does a Yacht Cost? The Average Prices and Costs of Yachts

The UK has a long, rich maritime history and, as such, the yachting industry thrives in this country. Sailing is a popular hobby or pastime for many people, and for others it’s very much a lifestyle.

If you’re in the latter category, you might be looking to buy your own and be contemplating the cost of a yacht. There’s a huge variety of vessels available – from motor yachts to a sporting yacht – and the sheer amount of choice and variety of yacht sizes can seem bewildering.  There are also a number of additional costs to consider, such as  yacht insurance . This is something we can help you with at Admiral Marine.

How Much Does a Yacht Cost? The Average Price of a Yacht in the UK

While yachts are often regarded as synonymous with luxury, in reality they come in a startling range of sizes, designs, and prices. The average cost of buying a yacht in the UK varies considerably, according to a number of factors.

Whether you’re looking to buy a used vessel or a brand-new yacht, as well as the size and type of yacht you want, will all partly determine the price you’ll pay.

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How Much is a Small Yacht?

At the cheaper end of the market, you should expect to pay a minimum of £10,000 for a small sailing model which will be functional but modest, with the price rising to £50,000 or more for a new, more sophisticated, motorised yacht.

If you’re looking for something more spacious with a range of additional features, mid-range yachts in the UK are often priced between £50,000 and £500,000. These boats may come with more advanced navigation equipment, refined interiors, and extra amenities. These are more suitable for experienced sailors who are prepared to spend more on their passion.

Larger, motor-driven yachts will set you back hundreds of thousands of pounds. For example, a new 50-foot yacht costs upwards of £200,000, whereas a 70-foot yacht or 100-foot yacht will set you back anywhere from £1 million to many times that sum.

How Much Does a Super Yacht Cost?

In terms of top tier yachts – or “super yachts” – these can cost millions or even tens of millions of pounds and upwards. These vessels are often enormous (ranging from 120 feet to 300 feet in length). They epitomise luxury and may have multiple decks, along with swimming pools, helipads and sophisticated entertainment facilities.

Yacht servicing and maintenance: the costs involved

While the upfront cost of buying a yacht is substantial, there are a number of supplementary fees that apply to yacht ownership. You can expect to pay between 5% and 10% of the yacht’s initial purchase price on such annual costs. Here are a few to consider:

• Insuring your yacht is essential and the price will vary according to its value, its size and its intended function. We can provide insurance for a variety vessels, including  sailing yacht insurance and motor boat insurance . Contact us now to receive a  bespoke quote .
• Maintaining your yacht. Additional costs might come in the form of engine servicing or repairs.
• Finding the right place to dock your yacht is crucial and can be expensive, particularly in popular marinas. Annual mooring fees vary considerably depending on the location and the size of the vessel.

Owning a yacht is an aspiration for many people, but it’s important to bear in mind the costs associated with buying one.

You should begin your search having already established a rough budget, the size of the vessel you’d like to purchase and what you’ll principally be using it for. Otherwise, the yacht market can seem overwhelmingly diverse, making it difficult to choose the right model for you.

What is the average price of a yacht?

The average price of a yacht in the UK is difficult to determine due to the variety on offer. A yacht can cost anywhere from around £10,000 to several million pounds before you start to get into super yacht territory. That said, a mid-sized sailboat should cost you between £50,000 and £100,000.

What is the price of a luxury yacht?

The price of a luxury yacht depends on whether you’re looking for a high-spec sailing vessel or a “super yacht”. For the former, the price will be upwards of £1 million, while the latter could exceed £100 million.

How much does a yacht cost to rent?

The cost of renting a yacht varies enormously, depending on what sort of vessel you’re looking for. A mid-sized motorboat or sailing yacht costs around £400 – £1,600 per day, while a much larger, luxury yacht could easily cost around £10,000 per day.

Header Image Designed by Freepik https://www.freepik.com Yacht servicing and maintenance: the costs involved

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Waterways > Using the waterways > Buying a boat

Buying a boat

Buying a boat is obviously not something you do every day so you’ll want to find out all you can. Read our advice on buying a boat – including information on boat sizes, types of boat, running costs and buying a second-hand boat.

Likewise, you can find out what paperwork and legal requirements you will need to attend to when buying a boat. Unless you are planning on continuously cruising, you will also need to find a mooring for your boat before you buy one.

Advice on buying a boat

What size boat should i buy.

Canal and river navigations vary in size, so you’ll want to buy a craft suitable for all the waterways you want to use it on.

Many locks on the narrow network can take boats up to 70 to 72 foot in length, but some locks are shorter and there are some tight corners so we recommend a length of 58 to 60 foot (17.62 to 18.22 metres) for cruising the whole network.  Boats wider than 7 foot (i.e. wide-beam boats) won’t fit through narrow locks.

What type of boat should I buy?

Cruisers come in a variety of lengths and widths and are mainly of fibreglass construction.  Narrowboats come in a range of lengths and styles but are usually just under 7 foot wide and up to about 70′foot long.  Narrowboat cruisers allow more rear deck space and narrowboat semi-trads maintain the look of a traditional narrowboat with more rear deck space.

Wide beam narrowboat-style boats look like narrow boats but are built up to 13 foot wide – although, practically, a beam of 10 to 12 foot is a good maximum – and offers more internal space. Some old working boats that carried goods under canvas with a rear cabin have been adapted for pleasure use.  Converted barges , both English and Dutch, can vary from 40 to 120 foot plus with beams from 10 to over 16 foot.

Static houseboats are not powered and not suitable for a lot of moving around, although they can sometimes be towed.  They normally comprise a rectangular steel floating pontoon with a caravan or mobile home type structure built on top.

Electric boats are becoming increasing popular and affordable.  Read IWA’s Introduction to Electric Narrowboating before you buy or commission an electric boat.

Buying a boat to live on

If you own or hire a boat just for your annual fortnight’s cruising holiday, the boat’s electrical and heating systems can be fairly straightforward.  However, a liveaboard boat’s heating, electrical and charging systems must be efficient – and preferably integrated – for comfortable cruising all year round.

See Ten Things I wish knew before living afloat , by Amy Tillson, who lives aboard her historic narrow boat.

Is owning a boat expensive?

As a very rough estimate, for a 50-foot boat, it costs around £4,000 a year to run.

• Licence  £750
• Marina mooring  £1,900   (Can be considerably more in the south east; residential moorings may cost up to 50% more.)
• Insurance (on £20,000)  £250
• Hull blacking (bi-annually)  £300
• General maintenance  £500   (Older boats may require considerable one-off expenditure e.g., on engines or hull repairs)
• Fuel (100 hrs)  £300

TOTAL  £4,000

Buying a boat second-hand

Some of the key things to look out for when you’re buying a second hand boat are:

• a sound hull
• a well maintained engine
• a sound internal infrastructure without rot (be suspicious of air freshener – what’s it hiding?)
• a fairly clean engine bilge shows good maintenance (but if too clean, was it steam-cleaned just for the sale?)

Using a boat surveyor

We recommend using a professional surveyor with a marine engineering background to determine the quality and condition of a boat you’re considering buying.

The Boat Safety Scheme survey will not give you a valuation or hull integrity assessment that you may need for insurance and that you will need if you are seeking a mortgage for your boat.

The survey fee will depend on its scope as to whether it includes a Boat Safety Scheme certificate and / or involves taking the boat out of the water, but a rough guide would be around £300 plus VAT.

Buying a boat: legal requirements

1. cruising licence.

When you buy a boat, you need a licence to use the canals and rivers.  Licences and prices can be obtained from the relevant navigation authority.  One option is a Gold Licence, which allows you to use all Canal & River Trust and Environment Agency waterways.

2. Boat Safety Certificate

For most waterways, your boat will need a Boat Safety Scheme Certificate in order to obtain a licence.  The scheme operates like an MOT for your boat and needs to be renewed every four years.

3. Boat insurance

For most inland waterways, you will need to provide proof that your boat has third party insurance in order to be able to buy a licence.  This will safeguard the owner and person in charge of the boat from claims made against them for injury or damage incurred by other people and caused by the boat and its operation.  Most boat owners will also wish to insure the boat itself against loss or damage, and take out comprehensive cover.

The minimum third party liability insurance requirements are:

Canal & River Trust – £2,000,000 Environment Agency – £1,000,000 The Broads Authority – £2,000,000

4. Recreational Craft Directive

This is documentation that should have been issued with new boats put on the market after June 1998.

The Recreational Craft Directive obliges the boat-builder to keep a file of all relevant data, to officially state the conformity of the product in a Declaration of Conformity, to inform the users about its safe use and maintenance, and to mark the product with a CE Marking .

Find a mooring before you buy a boat

Unless you intend to continuously cruise the inland waterways network, you will need to find a mooring for it.  Finding somewhere suitable to berth your boat can take a bit of research.

Offline moorings

Offline moorings, such as marinas and basins, are generally run by businesses. More expensive than online moorings, they include facilities such as water, toilets, sanitary disposal, showers, a diesel pump, electricity, coal, gas and Wi-Fi. Some may also have boatyards, chandlery shops, basic security, transport links and car parking.  Some boat clubs have off-line moorings too.

Apart from the cost, possible downsides include the fact that some marinas may have a waiting list for their berths.  Some marinas have planning permission for residential moorings, which are likely to be more expensive, and a few marinas may offer a ‘caretaker’ (residential) berth, but these are rare.

Online moorings

Online moorings along the main line of a canal are usually run by the navigation authority or a boat club, or in some cases, by local farmers who set up moorings alongside their land. They tend to cost less than offline moorings because there aren’t as many – or any – facilities.  Apart from the cost, advantages of online moorings include being closer to nature, heritage and often beautiful scenery.

Moorings on the non-towpath (off-side) are preferable and will have some security depending on the access, fencing and gating arrangements.  Some moorings are available along the towpath side, but these lack privacy and any degree of security.

You could buy or lease a length of land alongside the waterways, but that this does not necessarily mean that you have rights to moor a boat there. There may be planning restrictions and on canals you will still have to pay the navigation authority for mooring. These can be referred to as ‘end of garden moorings’ or ‘farmers’ field moorings’.

On rivers, the situation is different as riparian owners generally have the right to moor alongside their land where they own the land under their side of the river.  Rivers are prone to flood and varying water levels, so you will need suitable mooring arrangements to allow for this, and you may not be able to get to your boat in flood conditions.  In either case, you should consult with the navigation authority first before committing to a mooring.

Residential moorings

If you intend to live on your boat, you’ll need a suitable mooring (unless you intend to continuously cruise the waterways). Permanent residential moorings usually require planning approval, so you should always make enquiries to check the mooring offered to you is legitimate.

Some residential mooring operators require boats to be away from the mooring for a certain time each year or for you to have an address elsewhere. You may need to pay Council Tax, but Housing Benefits can contribute towards mooring fees.

Residential berths are often based on short-term mooring agreements that can be terminated at little notice – it is important to read and understand the ‘small print’ of any agreement.

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Average Cost of Buying & Owning a Sailboat (2022)

Here are the 2022 data for our research on the average cost of buying and owning a sailboat.

Examples of Popular Sailboats, and How Much They Cost

What Does it Cost to Buy a Sailboat?

The average price of a new sailboat per foot in USD:

• under 30 ft: $2,400 per ft
• 30 - 50 ft: $5,700 - $8,500 per ft
• over 50 ft: $11,900 - $65,400 per ft

On average, second-hand sailboats go at 1/3 - 1/4 of the cost of a new boat:

• under 30 ft: $815 per ft
• 30 - 50 ft: $3,020 per ft
• over 50 ft: $5,100 - $17,000 per ft

Price of new sailboats

I've looked at the prices of thousands of yachts (really) on one of the largest yacht marketplaces in the world (- not manually, don't worry: with the help of their search function). This is what I came up with:

Source: Yachtworld Q2 2022

The price of new sailboats ranges from roughly $1,412 - $65,433 per foot. I've used these numbers to calculate the following list:

Prices per foot in USD

Here's the detailed price per foot for all lengths from 20 to 100 feet:

Price of used sailboats

We did the same for used catamarans, comparing thousands of listings. Here are the complete data:

The price of used sailboats ranges from roughly $471-$17,044 per foot.

Prices on Craigslist

To get an average of the price of a used sailboat, I went over to Craigslist. I took the first 10 relevant search results for sailboats under, and over 30 feet.

Of course, the averages here are very speculative, as prices vary from day to day. But it gives a broad range of what to expect.

Over 50 feet, listings become meagre. I believe people tend to not place their 80-ft sailboats on Craigslist, but sell it through a broker instead.

Median Craigslist price of a used sailboat:

• under 30 ft: $7,900
• over 30 ft: $96,900

Average Craigslist price-per-foot of a used sailboat:

• under 30 ft: $354 per ft
• over 30 ft: $1,845 per ft

This is what I found on Craigslist under 30 feet:

Washington dc.

Source: Craigslist Washington DC Q2 2022

Los Angeles

Source: Craigslist Los Angeles Q2 2022

Source: Craigslist Houston Q2 2022

South Florida

Source: Craigslist Miami Q2 2022

Source: Craigslist New York Q2 2022

Here's what I found for 30 feet and up:

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How Much is a Yacht? The Average Prices and Costs of Yachts

Posted by: GJW Direct   |   Feb 9, 2022

How much is a yacht?

Becoming a yacht owner is a big step for anyone. Not only do you have to think about the initial outlay, but the costs you might need to pay to moor and maintain your vessel and any future considerations on value. To help you understand a bit more about the typical costs of buying a yacht, we’ve taken a look at what you might expect to pay.

Average price of a yacht

The average cost of a yacht can vary greatly depending on the type of yacht you buy and whether you buy a new or used vessel. At a minimum, for a small yacht you can expect to pay at least £10,000 for a small, basic sailing vessel, but you should expect this to rise beyond £50,000 for smaller motor yachts and into the hundreds of thousands for a larger motor-driven yacht (or ‘motor cruiser’). If you want to invest in a luxury vessel, you can expect to pay into the millions.

Types of yacht

The term ‘yacht’, which traditionally was used to describe wind-powered vessels, has now broadened to include various types of boats. Although these can be broken down into many more sub-categories, the primary types by use include:

Sailing: These are vessels primarily powered by sails and wind. They generally include cabins, many with sleeping quarters. They range in size from small personal vessels to larger, expedition vessels for group travel and entertainment.

Find out more about our sailing yacht insurance

Sporting yacht: Used for racing and sporting activities, these yachts are generally smaller, lighter vessels build for speed.

Motor yachts: Also known as motor cruisers, these primarily motor-powered vehicles are popular with many boating enthusiasts, offering all the space and luxury of a yacht with the convenience of on-board motors.

Find out more about our motor cruiser insurance

Luxury yacht: On the highest end of the price spectrum, these vessels are generally motor-driven, large vessels with luxury interiors. They may also be known as super yachts or mega yachts. These vessels generally cost in the millions, the most expensive ever sold, the History Supreme, went for £3.62 billion.

Find out more about the types of yacht

How to buy a yacht

Buying a yacht, like any big investment isn’t always a simple process, from finding the vessel that’s right for you to making an offer and closing, we’ve broken down the process:, finding your vessel.

You may choose to use an online service to find a vessel or use a broker who can help with your search. Typically, brokers will charge between 6 and 10% of your eventual payment for your new vessel, so factor this into your costs from the start. When deciding on your vessel, consider the ongoing costs (mooring, maintenance) as well as the initial outlay

Making an offer

Once you’ve chosen your vessel, you’ll make an offer independently or through your broker. At this point, you’ll place a 10% deposit to secure the sale, as well as an agreed schedule for surveying, sea trial and an inventory of the vessel.

Once the offer is accepted, it is the buyer’s responsibility to commission and pay for the survey. Surveys are generally costed at a per-foot basis, but you can expect to pay at a minimum of £400. For larger, luxury vessels, you may need to pay a bespoke fee.

Agreed in your initial offer, the sea trial is your opportunity to see your vessel on the water to ensure everything is working as expected. These generally last a few hours to give you and your crew a chance to test everything you need

Please note: Sea trials are usually at the seller’s expense, so make sure this is specified in your agreement before agreeing to the trial.

Closing and acceptance

At this point, both buyer and seller have successfully completed the survey and the sea trial and are happy with the outcomes. You now submit closing documentation. At this point, the buyer’s deposit is at risk if they do not complete the sale within the agreed timeframe.

Sailing off into the distance

Once everything’s been signed off, all that’s left for you to do is ready your crew and set sail!

Ongoing costs

As well as your initial payment, you should expect regular costs when you own a yacht, these can include but are not limited to:

The chances are, you’ll have your vessel moored for large parts of the year when you’re not using it. Depending on your marina, you can expect to pay anywhere from a few hundred pounds a year to thousands for larger vessels in for luxury. At GJW Direct you get access to exclusive marina benefits when berthed in any recognised UK marina when you insure with us.

Maintenance and repairs

Just like with a car or home, unexpected maintenance costs can crop up when you least expect them. From damage to your vessel to machinery failures, if you’re insured, you can avoid paying massive repair fees or having to foot the bill if you damage a third-party vessel.

Every responsible boat owner should invest in yacht insurance   to help cover themselves in case of accident, injury, or unexpected incidents . We offer fully comprehensive yacht insurance to cover your vessel whether it’s on the waves or moored. Get a yacht insurance quote from GJW Direct today.

Depreciation and future costs

One major consideration to consider is the depreciation of the value of your vessel. It’s estimated that your vessel will lose between 40-50% of its value over the first 10 years of its lifetime. So, if you plan on selling your vessel in future, bear in mind that you’ll most likely be taking a significant hit on the amount of money you spent on it.

  Sources:

https://www.yachtworld.co.uk/research/how-much-does-it-cost-to-own-a-boat/

https://apmarinesurveys.co.uk/?page_id=177

https://www.luxyachts.com/sales/how-to-buy

https://vanislemarina.com/when-is-a-boat-a-yacht/

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Boat ownership cost calculator, step 1 of 4: boat details, boat length, step 2 of 4: mooring details, where do you plan to keep your boat.

• Rest of Europe
• Rest of World

Which area of the UK?

• South Coast
• Scotland or Ireland

What type of mooring will you require?

• Basic - Swinging mooring
• Standard - Pontoon berth (no electric or water)
• Premium - Fully serviced marina and facilities

Step 3 of 4

What standard will you maintain your boat to.

• Basic - Essentials and DIY
• Standard - Essentials with professional help
• Premium - Professional with no expense spared

Step 4 of 4

How many days a year do you plan to use your boat, your forecast ownership costs are.........

• Purchase Cost Answer Boat purchase cost
• Depreciation under 4 years old (9%) Annual depreciation (boats under 4 years old - 9%)
• Depreciation under 8 years (5%) Annual depreciation (boats under 8 years old - 5%)
• Depreciation over 8 years (2%) Annual depreciation (boats over 8 years old - 2%)
• Capital cost (3%) Annual capital cost (3%)
• Mooring costs basic Annual mooring costs (basic)
• Mooring costs standard Annual mooring costs (standard)
• Mooring costs premium Annual mooring costs (premium)
• Maintenance basic Annual maintenance (basic)
• Maintenance standard Annual maintenance (standard)
• Maintenance premium Annual maintenance (premium)
• We hope you found our cost calculator useful. Please browse the topics below for further information relating to the costs of ownership and the growing number of alternative options to buying a boat.

Back to boat ownership resource library >

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Yacht Sharing Guide: Best Ownership Options & Schemes

The thought of signing up for a yacht sharing may seem totally out of your comfort zone but you could be surprised about the options and schemes available writes Sue Pelling .

Look at any marina and you’ll notice that a huge percentage of privately owned cruising yachts hardly ever go anywhere. They just sit in the marina year after year at great expense, and often deteriorate. Eventually these precious assets get sold off at great financial loss, and often the process repeats itself again and again under new ownerships.

So, what’s the answer? Unless you know you’ll be using your yacht on a regular basis, and/or will be using the boat for racing, it really does pay to ‘do the sums’ and work out whether you should consider the growing trend of boat share ownership. 

This sad trend in boat ownership over the last decade or so has prompted a growing move towards loaning or sharing in the marine sector with a steady flow of companies launching fractional/shared ownership, and gym-style club membership schemes.

It’s a bit like the car industry that has seen a huge shift in customers choosing to lease rather than buy. With plenty of good deals ‘out there’ and the chance of being able to drive a top-of-the-range car that would otherwise be out of the range in financial terms in many cases, it is a serious temptation.

It’s the same with yacht shared ownership/lease schemes, with many companies offering a choice of top of the range, fully maintained yachts. Those who choose charter, particularly in gym-style club membership schemes, have the advantage of sailing a range of top-spec yachts, without the outlay of purchasing or having to deal with time-consuming repairs and maintenance. Just step aboard, sail, and hand back when you’ve finished. 

Schemes available

Charter company shared ownership.

Some yacht charter companies such as Nautilus Yachting , Sunsail , The Moorings , Dream Yacht Worldwide , Sail Ionian , and Navigare Yachting have expanded into charter purchase schemes, which can be a cost-effective option particularly if you are a regular charter holiday customer. These ownership schemes are an extremely popular way to enjoy boating without the full financial burden of outright ownership.

Depending on the company you choose, you’ll get a chance to sail up to 12 weeks a year in the most beautiful destinations in the world. If you sign up with Sunsail , for example, you’ll  have a dedicated owner team to deal with all the administration side of the ownership scheme, a range of Dufour yachts , or Leopard catamaran to choose from, up to 12 weeks of holiday per year, access to many of the company’s bases around the world, use of other Sunsail boats of equivalent size, no harbour fees, no insurance, and no maintenance costs. You will also have a choice of taking a fixed/guaranteed monthly income, or a reduced purchase price at the end of the contract. 

Dream Yacht Worldwide is equally attractive with its worry-free charter ownership management programmes, with a total of seven options to choose from and, like most schemes like this, allows you up to 12 weeks a year sailing on either your own or a similar yacht, in 40+ of the world’s best charter destinations.

Sail Ionian’s charter yacht partnership scheme has been around for the last 18 years and has proved a great success with an unprecedented level of second term investment. The company reports that 80% of charter yacht partnership investors have re-invested in a new yacht for an additional five years, so it’s worth looking at what Sail Ionian has to offer.

Syndicates/fractional ownership 

This is a great way of sharing the purchase and running costs of owning a yacht with a group of people you know, but there is a lot to consider in legal terms and, it is imperative you have an agreement formalised from the outset. Having an agreement in place will help avoid any clashes between members, not only about usage of the boat, and ongoing expenses, maintenance and repair but also about if/when you want to terminate your part of the contract.

It makes sense therefore to use a professional managed boat share company that is set up to deal with all the necessary paperwork and any problems that arise. A good start is the RYA’s legal department that offers advice on Buying with a Syndicate, or  sharingcontracts.com – a company that offers ready-made boat share contracts. 

For an all-in-one package, you might like to consider signing up with the yacht share brokerage company Yacht Fractions.  Established in 1991, this company was one of the first to launch a scheme of this sort and operates in the UK as well as globally. The website lists an extensive range of yachts to choose from, so all you need to do is pick your yacht and let Yacht Fractions deal with all the share agreement paperwork and legal issues. 

Gym-style membership schemes

If you want the flexibility of owning a yacht but don’t want the commitment, then this sort of gym-style membership where you can step on and off without the hassle of boat maintenance and berthing fees, this is the one for you. There are several UK basked companies such as Flexisail , Pure Latitude Boat Club , Hamble Point Yacht Charters , and Fairview Sailing offering this subscription-style service, and it is becoming more and more popular as would-be boatowners/boatowners realise the advantages.

As with all schemes, you need to read the fine details before signing up to see how it works because in most cases there is a one off ‘club’ joining fee plus a monthly subscription, and you need a RYA Day Skipper and VHF qualifications. Most have variety of membership levels, and a good selection of yachts to suit you requirements.

Pure Latitude has four bases in southern England, and, for a standard membership of £700 monthly fee (on a points basis), you have the choice of 20+ sail and motor boats to use, with around 15-20 days of boating a year. 

Flexisail has three membership levels – Midweek, Weekend, Anytime – with the Midweek option from £500 per month with up to 30 days sailing a year. This company’s Flexibook online booking system is popular too, which allows you to make, cancel, swap or exchange time with other members at any time, up to 12 months ahead.

Finally, Hamble Point Charter Membership is simple  and flexible, and its Standard membership scheme starts at £300 per month, which gives you a chance to try out a large range of yachts from 30ft to 56ft. There is no joining fee, and you get up to 41 days of sailing a year. 

Useful contacts

dreamyachtcharter.com

sunsail.com

mooringsyachtownership.com

yacht-charter.co.uk [Hamble Point Charter]

flexisail.com

sailionian.com/yacht-ownership

purelatitude.com

sharingcontracts.com

nautilusyachting.com

navigare-yachting.com

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Insights, Advice

How much does it cost to own a boat.

At Val Wyatt Marine, we understand just how significant an investment is required for people looking to purchase their first boat or those owners looking to upgrade their existing vessels. This is the driving factor behind our commitment to providing an exceptional customer experience.

To ensure this, we have assembled a talented and knowledgeable team who are passionate about the boats we sell and those we maintain for our ongoing client base. They are always on-hand to provide advice and share best practice – including those important questions about life after buying a boat and the true cost of ownership! Therefore, we have worked together to collate some valuable information to help customers understand how much it costs to own a boat.

We will talk about:

— Moorings and trailer boat storage

— Winter storage

— Boat maintenance costs

— The cost of a Boat Licence and Insurance

— Boat Safety Scheme

— How much does it cost to fuel a boat

— Variable costs for boat owners to consider

— A rough rule of thumb

Moorings and trailer boat storage

Congratulations, you purchased the perfect boat but now you need a place to store it. You’ll find that prices for moorings and storage will largely depend on the popularity of location, as well as the amenities provided on-site. For instance, you’ll find some of the UK’s most expensive mooring prices in The Solent on the south coast, whilst the cost will typically be cheaper in the north of England and Scotland.

Just one lock from Henley-on-Thames, we are based in an incredibly popular area where demand is naturally high, however, customers do have the luxury of choosing from several local marinas. We are fortunate to be able to offer a wide range of premium facilities, including beautiful and well-kept grounds, electricity and water, spacious parking, secure electronic gate access, toilets and showers, recycling and rubbish disposal, plus access to The Cwtch – our fantastic coffee shop and kitchen.

Whilst we cannot speak for other local marinas, our mooring prices certainly offer value for money, and all include VAT.

Annual mooring – including winter hard standing, lift, chock, and relaunch – is currently £420 per metre per year in the marina. The trailer boat storage annual fee, including unlimited use of our slipway between April to October, is currently £270 per metre per year. You can view our full price list for the 2021/22 season here (we update our pricing each year on 1 st April).

Winter storage

Whilst visits to a marina will be less frequent during the colder months of the year, boat owners will still be required to pay for winter storage.

At Val Wyatt Marine, those boat owners already paying the annual mooring fee (detailed above) are not required to pay anything else for a lift relaunch or storage on the hard standing. However, there is a surcharge for undercover winter storage (£122 per metre) – which is decided on a first come, first serve basis.

For those boat owners who already have their own summer moorings space outside of our marina but still require a safe and dry space to store their boat over the winter months, we charge £210 per metre (for six months inclusive of lift, chock and relaunch). For inside, undercover storage we charge £322 per metre.

Boat maintenance costs

You’ll find the majority of boat owners will want to use the quieter months of the year to protect their investment and carry out maintenance on their vessels. Whilst minor maintenance work can be relatively reasonable, it is recommended that owners ensure they create a fund to cover any larger repair projects, and therefore avoiding any delays or unwanted surprises.

You can find our standard maintenance and cleaning services here , including compound and polishing topsides (£35 per metre), and compound and polish superstructure (£75 per metre). We also offer a broad portfolio of cleaning and repair services, which are priced on demand, including internal valet, fibreglass repairs, teak clean and hood replacements/repairs.

The cost of a Boat Licence and Insurance

If you regularly read our blog, you may be aware that we recently published an insightful article exploring who needs a boat licence , which navigation authority manages which river, and what a boat owner requires to get a licence – and you’ll be pleased to know we also included information on estimated costs. The price of licences will change depending on which navigation authority you’re buying from, the length of the licence, and the size/spec of the boat in question. The Canal & River Trust provide a clear example of this scale here – ranging from £56 up to £1262 for a 12-month licence. The Environment Agency, who manage the River Thames, have a separate scale for their waterways, found here .

As you’d expect, the cost of boat insurance will also dramatically vary depending on the boat itself. Owners of less valuable vessels may opt for third party only policies, which can cost around the £100 mark.

Boat Safety Scheme

As per our licencing article, the Boat Safety Scheme (BSS) is a public safety initiative owned by the Canal & River Trust and the Environment Agency. It is designed to “help minimise the risk of boat fires, explosions, or pollution harming visitors to the inland waterways, the waterways’ workforce and any other users”, and acts similarly to an MOT for a car. An independent examiner will charge approximately £200 for a cabin cruiser – again varying by boat. For more information, you can read our post here.

How much does it cost to fuel a boat?

This is such a tricky subject as there are so many differentials!

The majority of boats we sell (both offshore and river cruising) are powered by diesel, however we do stock vessels that consume petrol (for instance, outboard powered Corsiva models), whilst electric boats are now growing in popularity.

Just like a car, the cost to the owner will be largely dependent on the amount of time they spend on the water. It is extremely difficult to determine consumption rates on boats, but most Interboats will last with one tank full of diesel for the entire season. For example, an Intender 820 has a 60 litre fuel tank, at about £1.40/litre that would equate to £84 for the season.

Having said that, if you put that amount into a boat with a larger engine on the coast, you could spend that in just a single weekend.

Variable costs for boat owners to consider

To understand the true cost of owning a boat, it is important to consider how you intend to use the boat and the frequency. It can be easy to forget the additional costs associated with everyday use, such as emptying the toilet, or if gas is required to heat the boat or for cooking purposes. Also taking on an older boat is of course likely to need more repairs and maintenance that one that is brand new and under warranty.

A rough rule of thumb

At Val Wyatt Marine, we often use a general rule of thumb to help new boat owners to better understand the full cost of ownership. In our experience, if they are to budget for “double their mooring fee”, that would cover all costs of boat ownership – including mooring, general maintenance (cleaning, polishing, antifouling), insurance, a river licence, fuel, engine servicing, safety certification, as well as longer-term requirements, such as new canopies. This also considers any depreciation.

You could argue this basic formula may be overly cautious for a brand-new open day boat, where there are less systems or parts to maintain, but it provides a useful guide to a potential new boat owner.

For instance, a Haines 32 Sedan , measuring 9.75m would roughly cost:

• Annual mooring fee: £420 x 9.75m = £4,095
• Additional costs of maintenance, insurance, fuel, depreciation: £4,095
• Total average cost to budget each year: £8,190

We understand calculating the cost of owning a boat for the first time can be a tricky task – and we hope this article has been informative and helpful. However, if you have any additional questions, you can contact our team by phone (01189 40321) or by  filling out this form .

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How to Choose the Right Boat - Getmyboat Guide

Finding the Right Fishing Boat for You

There's a whole lot more to consider than just the purchase price. Here's everything you need to know as you consider the costs of boat ownership.

Owning a boat can provide you with exciting adventures and lasting memories. If you love spending your holidays on the water fishing, cruising, or touring with your family, owning a boat should be on your bucket list. Unlike a rental boat, boat ownership allows you to enjoy a journey whenever you like, with no time limits.

Setting aside the thrill of owning a boat for a moment, can you afford one?

When buying a boat, it’s not only the sales price that counts. You must also consider the average cost of boat ownership, such as fuel, maintenance, insurance coverage, and storage. It would help if you researched all the options before diving into such an investment.

This guide will give you all the information you need to own a boat. Let’s start with some of the things to keep in mind before purchasing a boat.

Table of Contents

Purchase price vs. ongoing costs, are boats a good investment, can i afford a boat, used vs. new boat prices, different boat types & sizes, the best value boats for your money, marinas and storage, equipment & accessories, licenses and education, maintenance costs, the bottom line.

The first thing that comes to mind when considering owning a boat is, obviously, the purchase price — how much are you going to have to pay upfront to buy the boat of your dreams? By making online price comparisons and asking around, you probably already have a rough idea of how much your dream boat costs.

The purchase price of a boat depends on many factors, most significantly the size of the boat, and the type of boat — which can vary drastically depending on whether you want something for the occasional weekend family day on the water, multi-day boat trips, something suitable for large parties, a small and simple cruiser for fishing, or any number of other boat types .

The purchase price can also vary greatly depending on the boat's age and condition. Buying a new boat can range from $500 to $500 million though looking at used boats can offer considerable savings and might enable you to set aside more cash for the inevitable ongoing costs you'll face in the future.

And of course, these prices are highly variable depending on the specific boat features and construction, but the biggest price jumps come when comparing entirely different styles of boat. For some rough ballpark examples, a brand-new cabin-free motorized fishing boat can easily cost up to $35,000, whereas a yacht will run you closer to $250,000 for a used one to $500,000 for a brand-new one.

But, is that purchase price all you need to consider?

Unfortunately, no, it's not. Owning a boat doesn’t end with paying the purchase price . You also have to consider the ongoing expenses, which can cost even more than the initial boat price in the long term. A simple thing such as trailering a boat can add significantly to your ownership cost, depending on how often you do it.

Some additional expenses that come with owning a boat include:

• Maintenance costs
• Storage costs
• Fuel expenses
• Insurance coverage
• Equipment and accessories
• Taxes, title, and registration
• Boat trailing expenses

A boat is a major life purchase, and even if you're not planning to use it for any commercial purposes, it could be considered an investment — and a significant one. But, is it a good investment?

To be frank, no, not really. Many financial experts don’t consider a boat a sound investment because of the ongoing costs of maintaining it. Also, since it is a depreciating asset , many do not view it as a wise purchase because you’ll spend more to own it in the long run. The specifics and calculus of depreciation are complex, and it's worth diving into some of the thorough reports that you can find online — you can try using a boat depreciation calculator , or studying the depreciation of specific boat types .

But wait! Owning a boat is about a lot more than just the financial side of it. If boating is your life's joy and a major part of your lifestyle, overall happiness, and how you like to spend your time, that's a very significant emotional element to weigh against the more cold and unforgiving financial numbers. And consider the other values a boat can bring to your life:

• Personal fun: Some people can’t get enough of water adventures. You need a boat if you love being surrounded by blue skies and water. When personal enjoyment with family and friends gives you that adrenaline rush, no dollar amount can exceed such experiences.
• Commercial value: Owning a boat can provide you with a side income. When you’re not using it for a family adventure, consider renting out your boat for an attractive cost to another family. If you take advantage of the rental feature , you can also offer water tours, fishing, or sporting activities and earn some extra money.
• Resale value: While you will unquestionably take a big hit in depreciation to some degree, you can reduce it somewhat by taking excellent care of your boat and keeping it well maintained. And while you should never expect to be able to recoup all of what you spent on your boat purchase, your boat is still an asset with some resale value, unlike a consumable good.

It's natural to dream, but think carefully: are you really in a good financial position to turn your dream of owning a boat into reality? When you think about the purchase price of a boat and all the expenses of owning one, can you still afford it?

Of course, you need a solid budget before making this huge investment. Aside from the purchase price, list the monthly expenses for repairs, maintenance, insurance, storage, equipment, and accessories. Budget for a certain percentage, such as 20% of the value, to cover these expenses.

Also, think about the face value of your boat. More expensive boats tend to cost more on storage, maintenance, and gas than cheaper ones. If you buy a luxury boat, you’re also buying the life that comes with owning one.

To figure out whether you can afford a boat or not, you have to think about the following factors:

• Your credit score: If you’re securing financing for a boat, you must consider your credit score to know how much you qualify for. If you have a high credit score, you’ll qualify for higher financing and pay a very low-interest rate. A score of 690 or higher will likely get you the best deal.
• Consider your DTI: Your debt-to-income ratio will play another role in determining whether you can afford a boat. To calculate your DTI, add your monthly debt payments and divide them by your gross income. If you get anything less than 43%, you stand a good chance of being approved for a loan to buy your dream boat.
• Your budget: How much you plan on the purchase price for a boat and the ongoing costs is important in determining if you can afford it. Don’t go above your budget just because you can afford it. Sticking to your budget will save you from the looming stress of owning a boat.

Generally, affording a boat means buying and maintaining one well without affecting your living expenses. Consider the initial purchase price, financing implications, and the expenses of keeping the boat on the water. If you find it hard to afford one after reviewing these factors, give yourself more time.

The Upfront Cost

The first thing that comes to mind when you think of buying a boat is the upfront cost. Other things, such as maintenance and fuel, tend to come later. So, what is the upfront cost of owning a boat? And why are boats so expensive?

A less expensive $150 floating boat will do for modest near-the-shore adventures. For a luxury cruise sure to turn heads, budget for thousands of dollars in upfront costs.

The upfront cost of a boat will depend on numerous factors, such as the brand, type, size, and extra features. For example, if you plan to purchase a luxury boat with all the amenities that money can buy, you’ll probably have to pay for an arm and a leg to get it.

You can control the price depending on your primary purpose of using the boat. For instance, you won’t want to spend money on all the technology and luxury amenities to enjoy a simple cruise on a holiday weekend. You can save on various accessories, such as lights and entertainment, if you only spend a short time on the water.

Some of the factors to keep in mind when deciding the upfront cost of purchasing a boat include:

• Brand: Boats are available in different brands, affecting their prices. The cost of a small boat, 6-10 feet, can cost anywhere from $500 to $800. If you’re looking for brand-name superyachts, prepare to spend millions of dollars from the start.
• Style: If you care much about the style of your boat, recognize that the most stylish ones will cost more. Higher-end boats will cost more than less elegant ones.
• Size: If you want a bigger boat for your family and friends, prepare to pay more than you would for a simple one that accommodates three to five people. Any boat over 12 feet will need a bigger engine, which means a higher purchase price.

There’s a huge price difference between used and new boats. Buying a new boat can be more expensive than buying a used one of the same type. Of course, the condition of the used boat will also factor into the price difference versus a new one. A second-hand boat that has only been running for two years will be more expensive than one that has been around for more than five years.

New boats come with luxury features and the latest technologies. They are generally immaculate because they’ve not experienced any wear and tear. The engine is still at maximum working capacity, and other amenities have not been touched. All the shine, beauty, and glamor are much more expensive.

Aside from the higher price, new boats tend to depreciate faster. In the first year of using your new boat, it will depreciate at about 10% and then reduce to around 8% to 6% per year in the subsequent years.

Even though buying a used boat comes with some added risks, used boats are much less expensive than new ones. You can find a good deal on a used boat on classifieds websites like Craigslist, BoatTrader.com, and Facebook Marketplace. Frequently, you can buy a good used boat for less than 50% of the cost of a new one.

Compared to new boats, used boats depreciate at a much slower pace. A used boat has already experienced much depreciation and tends to retain its value more than a new one.

The risk of buying a second-hand boat can include higher maintenance costs. Unless it is well-maintained, you risk buying a boat with pre-existing issues, from appearance and functionality to safety. Buying a new one guarantees peace of mind that you won’t get if you opt for a used one.

Another significant factor determining how much upfront you’ll pay for a boat is its type and size. Boats come in different sizes and types; some might be wildly out of your budget range, and others quite affordable.

Typically, boats are classed by length:

• Class A : 16 feet or under
• Class 1: 16–26 feet
• Class 2: 26–40 feet
• Class 3: 40–65 feet

Many factors will determine the boat size most suited for you, including previous boating experience, storage space, activity, docking space, and budget.

Once you decide on the size, the type of boat you choose is another factor that drives the purchase price. The most common types of boats include:

• Pontoon boats: Many owners start with a pontoon boat to enjoy water adventures. These boats are perfect for fishing or just traveling in the water. They’re not good for water sports because they are very slow. Pontoon boats cost between $10,000-$80,000.
• Sailboats: A sailboat is another common type used for recreational activities such as cruising and racing. These boats are very economical, as you can use the sails and not fuel. You can get a quality sailboat for as low as $5,000.
• Yachts: A yacht is usually associated with luxury and prestige. Yachts have high-end facilities and entertainment features, allowing people to live comfortably inside for lengths at a time. All this luxury does come at a price. A small-sized yacht can cost a whopping $500,000.
• Fishing boats: Buying a fishing boat will ensure you enjoy unlimited fishing adventures. They tend to have a small seating area with an open deck space for storing caught fish. A new aluminum fishing boat can start at $25,000, while a fiberglass boat can range from $32,000-$35,000.
• Speedboats: Speedboats, also known as motorboats, are equipped with engines. Because of its powerful engine, a speedboat tends to go very fast but consumes a lot of fuel. You can get a new speedboat for $30,000-$75,000.
• Cabin cruisers: Cabin cruisers are also packed with all the best features money can buy. They work like mobile mini vacation homes, perfect for family adventures. A new cabin cruiser starts at about $100K and ranges to $500K.

To determine the best value for your money, return to the question, “Can you afford a boat?” Having looked at various boat prices, you can see that some boats are quite affordable, but others are expensive. But no matter how cheap or expensive a boat is, you must still consider the intended use.

For example, you can’t buy a fishing boat for racing. So, even if a fishing boat is cheaper than a speedboat, you’ll still go for the latter because it will fulfill the intended purpose. You won’t get value for your money if you’re buying a boat you won’t use.

So, the best value for your money is one that fulfills its intended purpose. For instance, it won’t matter if you pay a hefty price for a cabin cruiser or a yacht as long as you spend a wonderful vacation with your loved ones onboard. So, when choosing the right boat , consider how it will serve you before considering its monetary value.

The Ongoing Costs

Whether buying a new or a used boat, you must look beyond the upfront costs. Keeping the boat active and ensuring it serves you well come at a cost. Knowing all the expenditures of owning a boat will help you devise a better plan so that these expenses won’t catch you off guard.

So, before buying your dream boat, consider the following ongoing expenses.

Where will you keep your boat when it’s not on the water? If you plan to store it at a marina, you’ll have monthly fees for the storage. Marina costs vary, including indoor or outdoor storage, the storage period, and other services such as cleaning and security.

Storing your boat can range from a few hundred dollars to more than a thousand dollars monthly. For instance, storing your boat at a privately-owned storage facility might cost less than mooring it at a municipal or private marina. Additional fees with boat storage include utility fees, maintenance fees, car parking fees, and live aboard fees.

How much you spend on fuel will depend on a few things: your type of boat, how often you use it, and the specific type of fuel you need. A sailboat will obviously be much more economical regarding fuel, since it can run primarily on wind power. On the other hand, a speedboat will tend to have additional costs because it consumes more fuel to power the engine.

You might also spend more on boat fuel if you carry a huge load or encounter unfavorable sea conditions. And remember that fuel prices often fluctuate with the current economic situation, so plan your boating trips accordingly.

Apart from the fuel, you’ll also have to pay for other operational expenses such as oil, pumps, lights, batteries, and specialized equipment. One thing you can do to reduce fuel costs is to use a fuel consumption gauge. Also, consider buying newer model boats designed for better fuel efficiency.

To take your boat out on the water, you’ll likely equip it with different accessories. Some accessories are for your own use, while others are essential for running the boat.

The good news is that some of these accessories are one-time expenses. However, you must factor them in because they contribute significantly to overall boat costs.

Some accessories and equipment to consider for your boat include:

• Lifejackets
• Fishing tackle
• Watersports equipment
• First aid kits
• Personal locator beacons
• Marina radio
• EPIRB (Emergency Position-Indicating Radio Beacon)
• Extra fishing rod holders
• Fire extinguishers
• Electronics
• Visual distress signal
• Sound-producing device
• Boat cushions
• Tackle storage

Of course, the accessories you need depend on the boat type, your purpose for using the boat, and how long you will spend on the water. Your needs also depend on the season, so you might only need some things at a time. Budget for the equipment as you need it, and treat your boat to an accessory upgrade occasionally.

A boat operator license and a boater’s safety education course are mandatory in many states. When boaters are educated on operating a boat and safety measures, they’ll be less likely to get into an accident on the water.

The weather conditions can change at any time, and it might be difficult to control the boat if you don't have the training you gain from taking safety courses. These courses remind boaters about safety rules, operational laws, and general boating knowledge.

Every state has specific boater education requirements that you should review. Don’t just take the course because it’s a requirement; consider the benefits. You can select online or in-person classes for free or for a small instructional fee.

After training, you’ll also need to pay title fees and registration. Your boat registration is the identification number on its bow. Getting your boat registration and title varies from state to state, so look into your state's requirements. Registration and title costs range between $20 to more than $200, depending on the vessel's type, size, and purpose.

Whether you buy a used or new boat, you have to maintain it well to keep it in good condition and retain its resale value. Boat maintenance includes cleaning, waxing, engine tune-ups, and painting. You might also have to deal with repairs, such as electrical and plumbing issues.

Yearly boat maintenance can cost about 5% to 10% of the boat's total value. The cost might be less or more depending on factors such as frequency of use, boat age, and weather conditions. You can also handle some maintenance issues yourself to save money.

Remember that a new boat will cost less to repair than a used one. However, as the boat ages, it will depreciate and require more maintenance. Also, if you use your boat in freshwater, you’ll save more on maintenance and cleaning than if you use it in salt water.

You need to insure your boat against unexpected occurrences, such as an accident or damage. The right coverage will give you peace of mind whenever you are out on the water or have your boat in a storage facility.

The costs of insuring your boat also depend on several factors, such as the type, size, and frequency of use. Other factors influencing the cost include add-ons such as towing, salvage, docking, and storm coverage.

Boat insurance coverage varies from state to state and with the insurance company you choose to work with. Conduct extensive research and read reviews before choosing an insurer for your boat. Once you identify one, let them give you a quote so that you can estimate your annual premiums and if they fit into your budget.

So, What's the Total Cost?

Buying a boat will be expensive or cheap, depending on what you want and how prepared you are. It’s important to research the purchase of various boat types and the ongoing costs before you make the bold step.

You might pay twice the actual boat price if you calculate annual fuel costs, maintenance, storage, repair, accessories, and more. For example, if you bought a yacht for $250,000, the ongoing costs might add up to $500,000 annually.

Remember, this figure includes one-time costs such as registration, training, and equipment. The amount might not be the same for subsequent years since you won’t have to register your boat again or take certain educational courses.

The total investment also depends on your lifestyle. Apart from mandatory costs, other expenses accompany spending time on the water. These include food, drinks and ice, a tour guide, and other things to make your boat adventure enjoyable. Consider all the factors of owning a boat and fit them to your situation, then calculate your total cost.

Given the fun and memories that owning a boat brings to the family, buying a boat can be a good ‘ROE’ - Return on Emotions. However, if you don’t prepare for all the expenses of owning a boat, you might not enjoy it in the long run. You must research and understand all the costs and aspects of a boating lifestyle.

Remember, you’re not just buying a boat; you're buying the luxury of owning one. You can only enjoy your boat when you’re not stressing about the finances of owning it.

Boat Buying FAQs

How do I determine the cost of a boat?

Boat prices vary by brand, size, and type. You also look beyond the purchase price for ongoing maintenance, fuel, storage, and insurance costs.

Why do boats consume so much fuel?

Boats run on water instead of land, consuming more fuel than cars. Many forces drag it behind, such as wind resistance, waves, and aerodynamics, which contribute to more fuel consumption.

How long does a new boat last?

A new boat can last between 5-50 years. Factors affecting a boat’s lifespan include material (wood, aluminum, or fiberglass), frequency of use, and maintenance.

What is the most expensive type of boat?

A yacht and a cabin cruiser are the most expensive boats, ranging from $500,000 to millions.

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Costs of food provisions will vary dependent upon how eloborate food Preferenaces are

Location will play huge factor in food provisons and thing may have to be folws into remorte locations.

Crew is one of the largest expenses on a superyacht and critical to the owner’s enjoyment of their vessel. As the largest crew agency in the world, we know crew. Our cost calculator contains customized crew lists for yachts ranging from 80ft to 600ft with salary information based on our reference verified salary data.

Our users also have the ability to completely tailor the crew list to the specific needs, schedule and requirements of their vessel. Each yacht is unique and may have specific owner requests in addition to the yacht’s safe manning requirements.

Management of the supplemental crew costs and strategic budgeting can help avoid significant overspend on categories such as food and uniform. This tool contains default values based on our industry expertise and recommended budget for an efficiently and safely run superyacht.

To learn more about each crew position in detail, including salary ranges, please visit our yacht department directory .

Drag the sliders to modify your results. These are not linear scales and we expect most yachts to operate within the 20-80% window. Above 80% and below 20% costs increase or decrease at exaggerated levels and we only see numbers in these levels in very rare circumstances.

This sunburst diagram is interactive. You can click into each block to see the expense break down and mouse over each block for more details.

Our chart of accounts displays seven major categories, 20 sub-categories plus a further 80 detail categories for a total of 107.

Our yacht operating cost calculator is now on it’s third major revision. We start with actual yacht expense data from our yacht management accountants and then generate formulas to extrapolate out the budget for a wide range of yachts. We have been providing accounting services to large yachts for the past 18 years.

Our operating cost calculator is tuned for yachts from 80 to 600 feet. We find operating variables create the largest variances for yachts smaller than 100 feet and larger than 250 feet. We have tested the numbers the most in the range from 100 to 250 feet.

Our budget calculator factors in the fuel burn for a range of engine sizes typically seen installed on yachts by length. By dragging the green “fuel dockage” slider to the right you will increase the projected fuel burn rate and therefore the budget cost for fuel. Our default position would be for a typical displacement fuel burn. Position the slider in the 60-80% range for fuel projections for planning hulls.

Our default values produce a budget number that we believe is generous to run a yacht to a high standard. Perfect is a very expensive word to use in the yachting industry where standards are already high. Moving the crew and maintenance sliders to 80% will provide an “industry best” quality of crew and give them the maintenance budget to operate to a very high standard. If you need to go over the 80% area then you may have unusually labor intensive equipment on the yacht.

Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel movement but leave the essential base maintenance and insurance in place.

Lift on and float in yacht transport is a popular way to transport yachts across large ocean passage. The yachts that this service certainly applies to are ones that may not have the motoring range or structural integrity for blue ocean cruising. The cost of transporting a yacht twice per year is put into our budget once the “Fuel Dockage” slider hits 75%. If your yacht has the range we recommend self-sufficient ocean passages whenever possible. Whilst the transport companies sell their services based upon reportedly well oiled operated schedules the reality is that your yacht may stay waiting for pickup for a week or more with no compensation due. When factoring in all secondary factors of self-sufficient passages (increased fuel, maintenance, potential storm damage, crew time off, extra delivery crew) compared with transporting your yacht (insurance, potential loading / unloading damage, loss of schedule control, no work whilst underway, crew flights, crew accommodation) we believe that there is a 100% premium associated with float in transport and a 75% premium with lift on transport compared with self-powered.

Abandoned yachts crash in value. We recommend that even if you are trying to sell your yacht that you use the yacht for a minimum of two weeks per year so that systems are tested and working every six months. There is nothing worse for a yacht than not being used. If you truly are not going to use the yacht then you should sell it immediately for the first genuine offer as every dollar you put into maintenance will not be recovered at the time of the sale.

We did not build this version with sailing yachts in mind. Early in our development of this version we decided to exclude sailing yachts as a few of the major cost drivers scale very differently for sailing yachts compared with motor yachts. For example: To calculate paint costs we reviewed the surface area of over 100 large yachts and created a formula for painted surface area to length. Sailing yachts just don’t scale in a consistent way. Similarly crew numbers don’t scale in the same manner that they do for motor yachts. If there is sufficient demand we may build a sailing selector switch into a future version of this tool.

We hate to hear when yacht owners were told by their broker to factor in 10% of the purchase price to operate the yacht. This over used saying is sadly right occasionally (particularly for newer yachts in the $20-30M range)… but just because a broken watch tells the right time twice a day you shouldn’t rely upon it to tell the time. As yachts get older their capital value decreases but their maintenance costs increase. There is no way that a fixed 10% of purchase cost rule can be true… if your broker told you this rule then you need a new yacht broker… we know some good ones. 😊

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Living aboard a narrow boat

We are frequently asked by people who are new to boating, what the yearly costs to living aboard would be? This depends on a few factors including your boats size and where you are intending to moor. But to give you a general idea we have put this guide together. Living aboard is a life style choice and shouldn’t be seen as a cheap way of getting on the property ladder. As with buying a house when you purchase a new or used narrow boat there are going to be costs involved. These costs are divided into two sections fixed and variable.

The fixed costs for living aboard in the UK

Moorings within a Marina

This is more than likely going to be your biggest cost in this section. As you can appreciate, the length of your boat and where in the UK you want to moor is going to determine the final cost. Mooring in Central London is going to be far more expensive than say against The Fens. You will also have to take into consideration the facilities that are on offer, like security, shops, pump out and other amenities. So the final cost for moorings within a marina will depend on location, facilities and boat size.

Moorings along the canal

The CRT (Canal and River Trust) long-term moorings on the canal network are often an economical proposition. The down side with this option is there are limited facilitates to no facilitates on some moorings and you should bare this in mind. It is also very difficult to obtain these types of moorings.

Club moorings

These are often less expensive and bring the advantages of social life - but with responsibilities too.

Licence Fees

Licence fees will vary according to where you keep your boat as well as the boat size. You can register your licence for 12, 6 or 3 months. CRT offer a prompt payment which is less then the cost of the licence if it is paid before the old licence expire, this can now only be obtained if you purchase your licence online. Click HERE for more information on costs.

Insurance costs around £250-£500 per annum, but will depend on your boat and whether you are cruising. There are many insurance companies that you can use but our advice is to employ an insurance company that specialises in narrowboats. It is worth shopping around as some insurance policies also include RCR ( River Canal Rescue) cover.

Blacking every three years

You would be looking at £820 to £1500, dependant on the length of your boat and which type of blacking you want to use. The main two types are bitumin blacking and two pack epoxy resin. You can do this yourself which would reduce costs.

The Variable Costs

Estimating the variable costs can be rather difficult, but we will try to list as many things you need to take into consideration and give you an estimated price. Please remember these costs will vary from boat to boat.

Engine fuel and fuel for Heating

Red diesel will be cheaper than the diesel that you purchase from the forecourt, and prices will depend on the chandlery and the location from where you make your purchase. You need to declare to the chandlery the percentage of your fuel which will be used for your engine and then if applicable what will be used on your diesel central heating. The typical split of your bill can be 60% for engine and 40% for heating. The chandlery will be able to advise you on the best rates for you depending on your personal usage.

Fuel for Heating and Cooking

If using diesel as your heating supply (see above). Other options for heating and cooking are gas bottles and solid fuel. Solid fuel in the winter 10-15 bags a year around £150. Gas for central heating and cooking, using six bottles a year - about £180.

This will depend on the tank size of your boat. Here at Venetian Marina the Chandlery  currently charge £19 per pump out.

Emptying a cassette toilet is usually free at most marinas. There are also other CRT points along the canal system where you can dispose of your waste.

Engine maintenance

The engine oil will need to be changed at least three times a year. Engine Service should be done every year or two and can cost up to £250 plus VAT.

If there is anything we have missed off this guide and you would like to know the answer, please leave us a comment or contact us on  01270 528251  and we will be happy to answer any of your questions.

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How to Build a Boat: A Comprehensive Guide for Beginners

Building a boat from scratch can be an incredibly rewarding experience. Whether you dream of gliding across a tranquil lake in a rowboat you crafted yourself, or envision setting sail on a custom sailboat, the process of boatbuilding offers both challenges and joys. In this guide, we’ll walk you through the essential steps of how to build a boat, including material options, costs, and key considerations for designing your dream vessel.

Step 1: Decide on the Type of Boat You Want to Build

The first step in building a boat is choosing the type and design that suits your needs. Boats come in many forms, and your choice should depend on the following factors:

• Purpose : Are you building a boat for fishing, sailing, or casual recreational use? This will impact the size, materials, and overall design.
• Size : Smaller boats like kayaks or canoes are simpler and less expensive to build, while larger boats like sailboats or powerboats require more time, materials, and expertise.
• Materials : Traditional wood, fiberglass, aluminum, or even plywood? Your choice of material influences the boat’s weight, durability, and cost.

Common boat types for DIY builders include:

• Kayak or Canoe : Lightweight and ideal for calm waters.
• Rowboat : Great for leisurely lakeside outings.
• Sailboat : More complex, but perfect for ocean adventurers.
• Jon Boat : Flat-bottomed, typically used for fishing in rivers and lakes.

Cost Estimate:

• Kayak or Canoe : $300 – $1,500 depending on materials.
• Rowboat : $500 – $2,500 depending on size and construction.
• Small Sailboat : $1,500 – $7,000.
• Jon Boat : $600 – $2,000 depending on size.

Step 2: Select the Right Materials

The choice of material is one of the most important decisions in boatbuilding. Each material has its pros and cons, affecting the boat’s weight, durability, and ease of construction.

• Wood : Traditional, aesthetically pleasing, and widely available. Wood is easy to work with but requires regular maintenance to prevent rot and warping. It’s ideal for beginners building small boats like rowboats or canoes.
• Cost : $200 – $1,500 for a small boat , depending on the type of wood.
• Plywood : A more affordable option than solid wood, plywood is widely used in boat construction. Marine-grade plywood is water-resistant and durable.
• Cost : $100 – $500 for a small boat.
• Fiberglass : Lightweight, durable, and requires less maintenance than wood. However, working with fiberglass requires some skill, as well as specialized equipment. Fiberglass boats are great for larger builds.
• Cost : $1,000 – $5,000 depending on the size of the boat.
• Aluminum : Extremely durable and lightweight, aluminum is often used for fishing boats. However, it’s more expensive and requires specialized tools to cut and shape.
• Cost : $1,000 – $7,000 depending on size and specifications.

Step 3: Gather Your Tools and Plans

Before starting your boat-building project, gather all the necessary tools and materials. You’ll need:

• Saw (circular, jigsaw, or table saw)
• Drill and Bits
• Measuring Tape
• Sanding Tools
• Epoxy Resin (for fiberglass or wood boats)
• Marine Sealant or Varnish
• Copper Nails or Screws (for wood construction)

In addition to tools, you’ll need detailed boat plans . For beginners, purchasing pre-drawn boat plans can save time and effort, ensuring you follow precise measurements. Many boat plans are available online or from marine supply shops, and some are even free for smaller, simpler boat designs.

Cost Estimate for Tools and Plans:

• Tools : $200 – $600 if you don’t already own them.
• Boat Plans : $0 – $300 depending on complexity.

Step 4: Build the Hull

The hull is the main body of the boat and typically the most time-consuming part to construct. Follow these basic steps:

• Prepare the Frame : Start by constructing the boat’s frame, typically made from wood. This is like the skeleton of the boat, providing structure and support.
• Assemble the Hull : Attach the planking or panels (depending on your materials) to the frame. For wood boats, you’ll use wooden planks, while fiberglass boats require laying down fiberglass cloth and coating it with resin.
• Waterproofing : Once the hull is assembled, apply marine-grade epoxy or sealant to make it watertight. For wood, varnish or paint will protect it from moisture and the elements.
• Install Bulkheads and Seating : If your boat requires bulkheads (the internal walls that provide structural support) or seating, now’s the time to install them.

Cost Estimate for Hull Construction:

• Small Wooden Boat : $200 – $1,500.
• Fiberglass Boat : $1,000 – $4,000.

Step 5: Add the Finishing Touches

With the hull complete, it’s time to install the finishing components. These include:

• Decking : If your boat design includes a deck, install it using durable, weather-resistant wood or composite materials.
• Hardware : Attach cleats, handles, or oar locks as needed.
• Painting or Varnishing : Apply the final coats of paint, varnish, or other sealants to protect the boat from the elements and enhance its appearance.
• Sails, Motor, or Oars : Depending on the type of boat, install any sails, rigging, or motor mounts required. Rowboats and kayaks will need oars, while sailboats require a mast and rigging.

Cost Estimate for Finishing Touches:

• Decking : $100 – $1,000.
• Hardware : $50 – $300.
• Paint and Varnish : $100 – $500.
• Motor or Sails : $500 – $5,000.

Step 6: Test Your Boat

Once your boat is fully assembled, the final step is to test it in the water. Before heading out, ensure that the boat is watertight, balanced, and fully functional. You may want to test it in a small body of water or even a swimming pool before taking it out to the lake or ocean.

Overall Cost Estimate

The total cost of building a boat depends on the size, materials, and complexity of your design. Here’s a rough breakdown:

• Kayak or Canoe : $400 – $2,000.
• Rowboat : $700 – $3,000.
• Small Sailboat : $2,000 – $8,000.
• Jon Boat : $1,000 – $3,500.

Tips for First-Time Boat Builders

• Start Small : If this is your first boat-building project, start with a simple design like a rowboat or canoe. It will be more manageable and less expensive.
• Buy Pre-Cut Kits : Many companies offer pre-cut boat kits, which include all the materials and plans you need to get started. This option saves time and reduces the chances of errors.
• Join a Boat-Building Class : Community workshops or marine clubs sometimes offer boat-building courses. These can provide hands-on experience and guidance from experts.
• Watch Online Tutorials : Many seasoned boatbuilders share their techniques online through video tutorials, making it easier to learn.

Building a boat is an exciting, rewarding challenge that allows you to create a vessel perfectly tailored to your needs. While it may require time, effort, and careful planning, the end result is a one-of-a-kind boat that you can take pride in knowing you built yourself. Whether you’re crafting a simple rowboat or a more complex sailboat, this guide provides the essential steps to help you get started. With the right materials, tools, and patience, you’ll be ready to set sail on your handcrafted boat in no time!

Happy Boating!

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Read Driving and Docking a Catamaran: Guide for Boaters until we meet in the next article. 

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Fishing boat carrying £100,000,000 of cocaine busted off Cornwall coast

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Cocaine worth an estimated £100,000,000 has been stopped from reaching the streets after a fishing boat was intercepted off the coast of Britain.

The drugs were discovered when Border Force officers stopped a vessel, called the Lily Lola, at sea near Newquay, Cornwall , on Friday afternoon.

Images show 17 brick-shaped packages, mostly in brown wrapping with the label ‘pezx’.

The NCA estimates the one-tonne batch’s street value to be roughly £100,000,000.

Four men were arrested, the National Crime Agency (NCA) said.

Michael Kelly, 45, of Portway, Manchester , Jon Paul Williams, 46, of St Thomas, Swansea, Patrick Godfrey, 30, of Port Tennant, Swansea, and Jake Marchant, 26, of no fixed address, were all charged with importing a controlled class A drug.

They remain in custody and are due to appear at at Bodmin Magistrates’ Court on Monday.

Branch commander Derek Evans said: ‘This is a significant amount of cocaine that will represent a huge loss for the organised crime group that attempted to import it into the UK.

‘With our partners at Border Force and the Joint Maritime Security Centre, we have successfully removed this harmful drug consignment from the criminal marketplace.

‘Its onward supply would have fuelled exploitation through county lines activity as well as serious violence and knife crime.

‘Our investigation into this importation continues.’

Get in touch with our news team by emailing us at [email protected] .

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We spent £150k more to buy a houseboat over a ‘perfect’ home – we have no regrets

Adam dunlop and his wife lisa funded the purchase of their houseboat by selling their current home.

Last year, Adam Dunlop and his wife Lisa sold their home in Twickenham and bought a houseboat, named Orca , moored on the River Thames.

“The perfect house and this boat turned up at the same time and we went for the boat,” says Dunlop, 59, a freelance video editor.

Orca measures 26 metres, has a top floor which is half deck and half glass box, with floor-to-ceiling windows all the way round. There’s also a kitchen/living room and three bedrooms downstairs.

Unlike many houseboats, Orca doesn’t have an engine, so can’t go anywhere, but one of her big selling points was that she came with a share of a private mooring.

“You can buy some lovely boats at wonderful prices but, if you don’t have a mooring, you’ve got nothing. The mooring is everything on the Thames,” says Dunlop.

Most moorings – essentially a spot where you can leave your boat – involve paying a fee to someone else, and that fee can be as much as a large mortgage every month .

“It varies depending on the location and the length of the vessel. The longer the vessel, the more it will incur in mooring fees. However, I would say that the average is around £10,000 a year,” says Nigel Day, co-founder and director of RiverHomes.

“Of the approximately 1,200 moorings in London – which are usually classed as either permanent or leisure – only about 100 or so boat owners own their mooring.”

Dunlop says: “On our marina, there are seven boats – five own a share – and it works like a share of freehold.” He paid about £775,000 for his houseboat and its mooring, funded by selling his home for £750,000. If the couple had bought the home they had their eye on instead, it would have been cheaper, at about £625,000.

The mooring includes a small, shared garden, mooring entrance, parking space and a room in a lock-up.

“Private moorings are very rare to find and are a much bigger upfront cost, but the outlay is then smaller,” he explains.

The boats on the private mooring pay into a sink fund which covers insurance and maintenance costs. This works out at just under £200 a month but, if there’s any extra maintenance to be done, it’s more. The couple also pay the Port of London Authority, which looks after the Thames, around £135 a month, a figure that varies depending on your boat.

While these are extra costs that don’t come with a traditional home, there are some financial advantages to houseboat life. The boat itself is stamp duty-exempt and there was just a small amount of stamp duty to pay for the land that comes with the mooring.

Houseboats also generally attract a lower rate of council tax . Water and electricity work in a similar way to if you live on land, although Orca has an air source heat pump that makes the latter cheaper.

The pros aren’t all monetary, though. “I have to pinch myself because it’s so peaceful and beautiful,” says Dunlop. “When the tide is low, you can sit out and watch for birds, sit with a cup of coffee and lose yourself in it, but we’re closer to town than we could afford if we lived in a house. It’s also a great place to entertain. We are by a walk and people drop in, we have lovely parties and great summer nights.”

“Living by the river feels like being in the country but you’re right in the middle of London. We back on to the high street in Brentford but, because there’s an island [Brentford Ait] behind us, we’re on the quiet side so there aren’t pleasure boats going past. It’s very private,” he says.

The couple have three boys, all in their twenties, one of whom is temporarily at home.

“They like being here. We have a kayak and a motorboat that we take out. It’s got everything; there’s a nature reserve in front of me, which no one is allowed to go on, and it’s our own bit of private countryside.”

There’s also a great sense of community in the marina, which Dunlop says people will either take to or not. “You need to be prepared to muck in and help out. You do talk to your neighbours and there’s a degree of communal living.”

In terms of downsides, maintenance is the main one.

“There are little things that you need to do and budget for, for example, looking after the exterior wood. Every 10 years, you also have to get all of the boat checked out. Boats are living items, so, after an amount of time, you need to add to them or repair them,” says Dunlop.

I only have £25 a week left from my maintenance loan after paying university rent

“Depending on the type of boat, it must be put in dry dock for its hull to be scraped or pressure-blasted and for the hull to be surveyed,” says Day.

“Most boat owners take this opportunity to also blacken the hull and replace any anodes. Many go ahead and paint the rest of the exterior at this time, too. Costs vary between boatyards, but houseboat owners need to budget between £7,000 to £10,000.”

The weather is another factor to be aware of and Dunlop recommends doing a houseboat swap before committing to living on a boat all year round.

The couple occasionally let Orca on AirBnB so people who want to live on the river can give it a go.

“It’s a good idea if you want to try it out. Be aware that, if you do it in summer, you need to be able to do it in winter, too.” Other disadvantages are the lack of fibre Wi-Fi and the phone signal.

“Because the Thames is tidal, the phone signal is better at some times than others. At low tide, it’s not very good,” he says.

The Dunlops were able to finance their purchase through the sale of their Twickenham home but, if you need to get a mortgage, buying a boat can be difficult.

“They are almost always bought with cash. Marine finance is possible (sometimes called marine mortgages), but the term is short, the deposit is high and so is the interest rate,” says Day. “Of the very small number who opt for marine finance, 10 per cent interest or more is typical.”

Dunlop at least, has no regrets: “A certain sort of person lives on a boat, it’s self-selecting. You need to have a certain outlook and a touch of romance in your soul. For me, it was a no-brainer.”

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