The 1930 Conveyance
Parsons Thomas sells Zimapan
The deed of conveyance of the house and garden known as Zimapan, which shows that Walter Parsons Thomas
sold the property on 20 August 1930, refers to two interested parties:
| Walter Parsons Thomas
|| Railway clerk/accountant (retrd.)
| Charles Marshall-Thomas
1. Watchmaker 2. Optician (retrd; living on own means)
| Jessie Staniland Marshall-Thomas
|| Wife; widow living on own means
| Purchace price
Marshall-Thomases bought Zimapan with mortgage
The Marshall-Thomases bought Zimapan
with the help of a £350 mortgage from The Abbey Road
. The property was assured on trust whereby the Marshall-Thomas became the joint
and subsequently the trustees
of the estate of Zimapan
purposes of selling the property. As joint purchasers and trustees, they had unrestricted power to mortgage,
lease or dispose of the property as if they had been absolute owners of the property.1
Who were the Marshall-Thomases?
and Jessie Staniland Marshall-Thomas
were already resident in Scorrier
in 1929, as they owned a house there called Reen
The couple also owned another house in 1929 called Condora
whose address was "Gyllyngvase Terrace, Falmouth". Gyllyngvase is also the name of a beach in Falmouth,
Cornwall. The couple still owned Condora
in 1932, the year they sold
Proceeds of the sale
In 1930, £500 had the same spending power as £16,710 today (2009).4
This means that although Walter Parsons Thomas only made a £100 profit
(25%) when he sold Zimapan
, in real terms his investment had effectively doubled in value during his
1. Abstract of 1930 Conveyance recited in the Abstract of Title of Mrs Daisy May Aberdeen to
the freehold properly known as 'Zimapan', 1944.
2. British Phone Books 1880-1984.
3. British Phone Books 1880-1984.
4. The National Archive.
5. £16710-£8484 = 8226/8484 x 100/1 = 97%, averaging a return of 10.8% p.a.