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I don't think the OP means static caravans but rather the Cabin type of park home. These change hands for well in excess of £100k around here.
http://www.rightmove.co.uk/property-for-sale/property-7143878.html?locationIdentifier=OUTCODE%5E2442&insId=2&maxPrice=150000&pageNumber=1&fromSummary=true&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DOUTCODE%255E2442%26insId%3D2%26radius%3D0.0%26displayPropertyType%3D%26minBedrooms%3D%26maxBedrooms%3D%26minPrice%3D%26maxPrice%3D150000%26retirement%3D%26partBuyPartRent%3D%26maxDaysSinceAdded%3D%26_includeSSTC%3Don%26sortByPriceDescending%3D%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26auction%3Dfalse%26x%3D97%26y%3D20
http://www.rightmove.co.uk/property-for-sale/new-homes/property-21529916.html?locationIdentifier=OUTCODE%5E2442&insId=2&maxPrice=150000&pageNumber=3&fromSummary=true&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DOUTCODE%255E2442%26insId%3D2%26maxPrice%3D150000%26index%3D20
Same around here.0 -
I live in a residential static site so can give you a little info. As has been mentioned you have to be over 55 to live on some sites and some have restrictions on pets.
Park homes are well insulated. Statics are not, you have to be hardy. Very hardy. A lot of park homes close during the winter, either one or two months depending on the site licence. So you'll need somewhere else to stay during that time.
Second hand park homes round by me are advertised at around 100k (not sure whether they sell though) statics do depreciate in value and can be difficult to sell.
A lot of them have really strict rules, no kids, no pets, new park home as soon as it gets slightly tatty, only one car, don't park there, don't feed them after midnight... so it wouldn't surprise me if you can't run a business from them.
You can get loans for them, we got one for our static. I'm not sure about park homes. They are, however remarkably cheap living as you only pay partial rates, ground rent and gas as you use it - one £50 cylinder over 5 summer months, one every 3 week in winter!! Our water and electricity is included in our ground rent so the rest of your money is yours to do as you please.
We know ours won't be worth what we paid for it but we're staying in it while saving for a house deposit then we'll have a holiday home once we've got a house.
My advice would be check the rule books of potential sites before thinking of buying.
Oh and if you're thinking of getting a static buy some jumpers. lots of jumpers!!0 -
This is something I'm considering when I'm old enough (not that far off actually!). I have no children to leave my house to and selling my own house (which is paid for)to buy a 2 bed park home will leave me with a large amount in the bank which will supplement my pension.
An alternative is to sell the reversionary interest in your house. An investor pays you now a sum of money to buy your house after you die. In other words, he makes a large one-off payment and when you die he gets the house for nothing. In the meantime, you get to live in your present house until you die without paying any rent - you get a lease for life.
That might be better than buying a park home, with fees to pay and very little security. It's mad to build a house on a plot of land you don't own, and that's what a park home is.No reliance should be placed on the above! Absolutely none, do you hear?0
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