Saw this on the market near to me, and wondered who would pay that much for a caravan that doesn't even have wheels!
I know it's in a field, but come on, you would have to be barking mad to buy it. Don't they have a shelf life of 10 years? How would you get a mortgage?
There are quite a few of these near me too with prices not much less than that one. Who buys them and why? As you say, surely they're not mortgageable?
Originally posted by stateofplay: I know it's in a field, but come on, you would have to be barking mad to buy it. Don't they have a shelf life of 10 years? How would you get a mortgage?
I would hope that the land its on is worth a significant part of the asking price (I get the impression the vendor is open to offers). I suppose one could apply for planning permission to build one's very own Grand Design. There is some method in my madness: they could live in the park home while its being built.
May be worth it, just for the land. These properties can last a long time, and are actually quite comfortable. In the US, many people are quite happy living in these, so are many thousands of people in this country.
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I'd rather live in this Park home than in some locations you would get for £150,000
As long as I owned the freehold I would be more than happy. I used to own an old static caraven (for hoilday use) and I loved it to bits .... you can make them really cosy and just think all that lovely countryside right on your doorstep.
As for getting a mortgage that would be no problem as long as the land is valued at £150,000
On the East Anglia coastline it was announced that beach huts are like Golddust and some were going for 20,000 its outrageous, but the trouble these days People will pay it cos they want it and thats the sort of society we live in. Sadly.
Originally posted by bob of the bobblyooklies: You dont own the freehold.
You dont even really own the caravan either.
park homes = rip off.
I agree, park homes are a rip off, but the "property" that is the subject of this thread is on its own freehold plot and will be owned outright by whoever buys it.... so no rent and an appriciating asset land!
Originally posted by Joolz S: The details don't actually state that the land the home is on is freehold. It says "private", but not freehold.
It doesn't say leasehold either, and there is no mention of rent or maintainance charges (which all points to it being freehold to me) especially at the price it is being sold for.
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Blimey - it'll cost you £120k for a park home round my way. And you don't even own the house itself???!!!
Although my old disabled auntie lived in a park home, and it was very nice, in a great position, with a nice community - suited her very well - but it wasn't worth £120k! I still don't see how it's worth that kind of money to live on what's essentially a posh caravan site.
It looks a nice setting very quiet when no farm work is going on in the barn opposite.
Bit unsure about the right of way across farm track this could prevent any building permission being granted as the farm may disaprove but then again for the asking price I would want some sort of guarantee that I could build if not it is an expensive piece of land.
No way, that's far too much. The best investment is good ol' bricks and mortar, I found a great deal on www.diypropertyshop.co.uk I also sold a property on this site too.
May be worth a look before you committ to anything.
Originally posted by Joolz S: The details don't actually state that the land the home is on is freehold. It says "private", but not freehold.
It doesn't say leasehold either, and there is no mention of rent or maintainance charges (which all points to it being freehold to me) especially at the price it is being sold for.
C
I have to ask if you've read any leasehold property details recently? It is very rare that they mention ground rent or maintenance charges. Estate agents seem to like ignoring the actual costs of owning a property.
Is this a joke??? The scenery is hardly breathtaking - £150,000 for a flimsy, tiny caravan with a view of a few blades of grass? I've seen more greenery in a central London park, where larger properties (in bricks and mortar!) cost only £20k more to be in central zone 2 LONDON with multiple bus routes 24/7, Tube trains 06:00 to 01:45 and trains every 10 mins until 00:45. No doubt some wealthy artyfarty type will pay up to a £1 million for a broom cupboard with views of a spectacular blade of grass!
Originally posted by Joolz S: The details don't actually state that the land the home is on is freehold. It says "private", but not freehold.
It doesn't say leasehold either, and there is no mention of rent or maintainance charges (which all points to it being freehold to me) especially at the price it is being sold for.
C
I have to ask if you've read any leasehold property details recently? It is very rare that they mention ground rent or maintenance charges. Estate agents seem to like ignoring the actual costs of owning a property.
Yes I have, and if a property is leasehold it is usually made very clear on the details. If it doesn't say leasehold on the details then it seems reasonable to assume that it is freehold.
I take your point that they often fail to mention the charges like ground rent & maintainance in their main blurb but if you look at the small print (usually near the bottom of the page) it often says something like ground rent & maintainance charges to be advised!
