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  • Buy-to-Let

    Lodge/Park home as Investment

    Hi,

    I expect there is a thread already covering this but if not...

    What are the pro's and con's of buying a lodge or park home for a holiday rental?  I know the park has substantial monthly fees so the rental income has to take that into consideration, but are there any pitfalls i should be aware of?

    Thanks in advance.

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    Simple answer, don't, you are bound by the terms of the park in which it is sited, it's a great personal lifestyle but not a great financial investment.

    We paid £30K 11 years ago, average £5K per annum with site fees, gas electric, insurance, other miscellaneous bits rental income during peak seasons of maybe 600 per week, average of 12 weeks per year peak season. Caravan now too old to rent and worth zero, site won't buy back and will cost £1K to remove from site.
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    Hi,

    Thanks.  Seems the numbers can work from a ROCI POV, but the asset is declining in value and exit strategy is complicated.

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