Selling a park home

dubaidave

Hi everyone, my father has just got into a residential care home and he was living in a park home. Luckily, it’s under my name and has been for nearly 10 years so I can sell it. However, the owner of the Park has said before he would let us sell it on the open market we have to fix the fence which I think is fair enough and remove the shed. Now the shed was there when my father bought the Park home 17 years ago. And it’s still in decent nick. The question is can he stop us selling the park home if we do not remove the shed? It was one of the selling points when my father originally bought it.

Thanks in advance

Grumpy_chap

dubaidave said:

Hi everyone, my father has just got into a residential care home and he was living in a park home. Luckily, it’s under my name and has been for nearly 10 years so I can sell it. However, the owner of the Park has said before he would let us sell it on the open market we have to fix the fence which I think is fair enough and remove the shed. Now the shed was there when my father bought the Park home 17 years ago. And it’s still in decent nick. The question is can he stop us selling the park home if we do not remove the shed? It was one of the selling points when my father originally bought it.

Thanks in advance

What do the terms of the licence to occupy state?

Is it really that much of an issue to take the shed out for an easy life?

dubaidave

ive been quoted 600 pounds to fix the fence and remove the shed. The rear wall of the shed forms part of the fence so would need new fence there too. 

theartfullodger

As not your primary residence probably CGT to be paid if value gone up ...

Do the terms of agreement (got copy in writing??) for dad to live there present any problems??

Grumpy_chap

theartfullodger said:

As not your primary residence probably CGT to be paid if value gone up ...

Park Homes are usually depreciating assets.

lincroft1710

You will now probably have to pay 200% Council Tax on the park home as the council will treat it as a second home.

Sapindus

Have you politely double checked with the site owner about the shed, pointed out it was there at the start and is still in good nick etc?  Is there a neighbour who would like to buy it? 

Bookworm225

dubaidave said:

 The question is can he stop us selling the park home if we do not remove the shed?

the owner can impose whatever conditions the site licence allows them to do so 

unless you get lucky with very naïve buyer who pays cash and ignores the use of a conveyancer, then whilst the site owner cannot physically stop you from selling, the buyer would very quickly be put off once they get the owner's conditions presented to them 

TroubledTarts

theartfullodger said:

As not your primary residence probably CGT to be paid if value gone up ...

Do the terms of agreement (got copy in writing??) for dad to live there present any problems??

This is ridiculous, static/caravans do not appreciate in value especially after 17 years it's likely to be worth a 10% of what was paid 17 years ago.

Also many sites are not residential as in you can only live their for 11 months if the year and they pay the LA through ground rent and as yet likely not affected but the second home council tax tax.

lincroft1710

TroubledTarts said:

theartfullodger said:

As not your primary residence probably CGT to be paid if value gone up ...

Do the terms of agreement (got copy in writing??) for dad to live there present any problems??

This is ridiculous, static/caravans do not appreciate in value especially after 17 years it's likely to be worth a 10% of what was paid 17 years ago.

Also many sites are not residential as in you can only live their for 11 months if the year and they pay the LA through ground rent and as yet likely not affected but the second home council tax tax.

If it is a proper park home and not a static holiday caravan, then it is likely to be sited on a properly licensed park home site with all year round occupation. Most PH sites are for occupation by the over 50s. Park homes attract CT. I'm ex VOA and in the area I dealt with, there were about 20 park home sites (most having over 50 homes on them), with all the homes having a CT band


Although park homes depreciate, a 17 year old model will be worth a lot more than 10% of its original purchase price.

TroubledTarts

lincroft1710 said:

TroubledTarts said:

theartfullodger said:

As not your primary residence probably CGT to be paid if value gone up ...

Do the terms of agreement (got copy in writing??) for dad to live there present any problems??

This is ridiculous, static/caravans do not appreciate in value especially after 17 years it's likely to be worth a 10% of what was paid 17 years ago.

Also many sites are not residential as in you can only live their for 11 months if the year and they pay the LA through ground rent and as yet likely not affected but the second home council tax tax.

If it is a proper park home and not a static holiday caravan, then it is likely to be sited on a properly licensed park home site with all year round occupation. Most PH sites are for occupation by the over 50s. Park homes attract CT. I'm ex VOA and in the area I dealt with, there were about 20 park home sites (most having over 50 homes on them), with all the homes having a CT band


Although park homes depreciate, a 17 year old model will be worth a lot more than 10% of its original purchase price.

Yes if it's all year round I agree but not sure the OP has made that clear.

Static caravans often depreciate at 15% a year so what is your understanding of the depreciation per year.

Find a 17 year old static caravan and let me know the price. 13 year old ones are going for under £10k and lower.

Many are scrapped at 15 years as the parks don't allow them to be over 15 years old and there is not much call for them older than that.