#243164
Postby Hariseldon58 » August 9th, 2019, 10:46 pm
Living in Dorset close to the coast, I have visited several of the sites photographing lodges for owners renting.
Some locally can fetch up to £500,000 ....for a 30 year licence with a fabulous location, annual site fees are around £6,000 , there is an active rental market.
If you sell, you can generally sell to anyone, subject to a commission to the site owner, which may be up to 15%.+vat
Given a beach hut with no electric goes for £250,000 + it might be seem as good value! Decent lodges are available from £100k to £200k.
One couple had two lodges and split their time between Dorset and Yorkshire, renting out the unoccupied lodge, normally a limit to how long you can use it, typically 11 months but they are not your home officially , this couple had an overlap and a void period of two weeks and went on holiday ! (They had sold the family home, loving the lifestyle)
Park hones that are residential are different, more akin to leasehold rights, pitch fees are typically £2k a year, you can live there for as long as you like and have “protected” status , although sales require a commission to the site owner of up to 10% but can be sold to anyone. Residential park hones had a poor reputation but recent legal changes criminalise poor behaviour by a site owner and have cleaned up their act with hones now built to a standard akin to a regular timber frame home.
Far more economical is having a good touring caravan (new they are around £20k to £25k) and placing it on a smaller site and having a seasonal pitch , my sister does this, you ring up and they bring it out, you pay the regular charge per night, when it’s on the pitch of something like £25 a night and a seasonal storage / pitch fee of a few hundred quid. This is hugely cheaper and is a great way to have a little bolt hole, you may have to go a waiting list or search diligently!
Given this area is probably as expensive as they come, you will find others that are far cheaper, I have seen a brochure that showed new homes from £40k to £200k in other seaside areas. I’d suggest you do your research , then go rent a lodge on your targeted site for a week and see how you like it.