Property Today

Property News

Published Date: 19 May 2008

This is Herm Island - could be yours if you can get the mortgage

Buy your own island for just 15 million

If the cooling property market is making it hard for you to find the perfect home, here's an idea: why not buy your own island for just £15 million?

Herm is one of the Channel Islands just three miles from Guernsey. It's only one and a half miles in size, but comes complete with three white beaches.

The current owners have built it up over the last half a century, and are now selling a 40 year lease. For your money you get a manor house, 13th century chapel, and 80 acres of farmland.

As the island is a fully-working tourist attraction you will also have responsibility for up to 150 staff, and be required to keep it open to visitors. Oh – and you have to run a ferry once a day too.

But you would effectively be buying a tax haven, as you'd be paying the same low taxes as other Channel Island residents.

It all sounds like a good deal... wonder how easy it would be to get a mortgage for £15 million...?

Last Updated: 19 May 2008 02:35 PM

Page 1 of 1

News in Brief

[Improvements can add 55 grand to your house price]
We're being told how to add up to £55,000 of value to our homes just by having some building work done.
[We've got our eyes on property overseas]
New statistics looking at what we're searching for on the internet have revealed that UK buyers are very keen on property overseas.
[5 tips to sell your home quickly]
It's very much a buyers' market at the moment, which means you have to do a lot more work to successfully sell your home.
[5 property maintenance tips]
Your home is probably the biggest purchase you will ever make – and it needs to be carefully looked after.
[Energy deadline approaching for landlords]
If you own property that you rent out to others, you're being warned to get a new compulsory certificate by the end of September.
[Mortgage lenders told not to rip us off]
Chancellor Alistair Darling has warned mortgage lenders not to rip us off with soaring arrangement fees.
[Three million want to move in the next year]
It's going to be an incredibly busy 12 months for removals men and conveyancers with 3.25 million people aiming to move house by this time next year.
[Great time to be a landlord as rental demand goes up 41 per cent]
If you are able to invest in rental property, there's more evidence that this is a great time to do it.
[New website helps you decide to move or improve]
If you can't decide whether or not to move house or stay in your existing home and improve it, a new website has been set up to help you.
[Better help to protect your home from flooding]
A new website and emergency phone line are to be set up to give us better information to protect our homes from flooding.
[We're saving cash by cutting insurance]
One in four of us is planning to save money by cutting back on insurance policies.
[127 million to cover flood costs]
Europe is handing over £127 million to help the UK recover from the floods that hit many areas this time last year.
[Do you know who lives next door]
Shocking new figures have revealed that only one in five of us make contact with the people who live next door.
[One in four think this is a great time to buy]
A quarter of us think this is still a good time to buy property in the UK.
[Ten steps to buy your first home - part two]
It's a weekend helping first-time buyers on Property Today.