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Cheap beach-side homes around £2000?
999mph
Posts: 94 Forumite
A few months ago I came across a Sussex operated holiday homes developer that offered houses starting at around £2000 (up to anywhere around £40k). These aren't homes that are suitable for all year around accommodation. The money you pay gives you the home on a 20 year lease (I think) and lets you accommodate it between March and November. These houses are located in a very friendly neighbourhood and are close to the beach.
I was even in touch with the company and it seemed like something I really wanted to invest in a few years down the line but now I lost the brochures they sent me and have lost all communication with them. I don't think they are a property developer, I think they just buy run down properties (more like cottages) and renovate them. The really cheap prices I mentioned are for those homes that are sold without the renovation. I hope someone here knows what I am talking about.
It doesn't need to be in Sussex but what I saw was based in Sussex. :beer:
I was even in touch with the company and it seemed like something I really wanted to invest in a few years down the line but now I lost the brochures they sent me and have lost all communication with them. I don't think they are a property developer, I think they just buy run down properties (more like cottages) and renovate them. The really cheap prices I mentioned are for those homes that are sold without the renovation. I hope someone here knows what I am talking about.
It doesn't need to be in Sussex but what I saw was based in Sussex. :beer:
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Comments
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I will buy them.
Beach huts start at around £8k on the Sussex Coast!0 -
Sounds like a scam to me.0
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Lots for sale on this development:
http://www.rightmove.co.uk/property-for-sale/property-14022199.html?
From Property-Bee:
History
date event
14 March 2010
* Agents Telephone changed: from '08454087726' to '08433140441'
09 November 2009
* Price changed: from '£12,000' to '£6,000' [Found by n/a]
19 March 2009
* Price changed: from '£16,950' to '£12,000' [Found by n/a]
26 January 2008
* Initial entry found. [Found by n/a]0 -
SouthCoast wrote: »Lots for sale on this development:
http://www.rightmove.co.uk/property-for-sale/property-14022199.html?
From Property-Bee:
History
date event
14 March 2010
* Agents Telephone changed: from '08454087726' to '08433140441'
09 November 2009
* Price changed: from '£12,000' to '£6,000' [Found by n/a]
19 March 2009
* Price changed: from '£16,950' to '£12,000' [Found by n/a]
26 January 2008
* Initial entry found. [Found by n/a]
Wow! I'm guessing the price is due to the fact that the leasehold expires in 15 years? Still sounds like a pretty good deal, 15 years' use of a holiday cottage for £6,000. Not exactly an investment though!0 -
Don't forget the £4000 pa maintenanceThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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SouthCoast wrote: »MAINTENANCE Approx £4000 pa.
This buys a lot of hotel rooms!
Ouch, I missed that :rotfl:0 -
no wonder they have droped the price so much0
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Wow! I'm guessing the price is due to the fact that the leasehold expires in 15 years? Still sounds like a pretty good deal, 15 years' use of a holiday cottage for £6,000. Not exactly an investment though!
Is it not possible to renew or extend the leasehold?I love giving home made gifts, which one of my children would you like?
:A 0 -
Some south coast holiday caravans/lodges can cost £20K+ with only 7 yr lease.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
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