Thinking of jumping on the holiday home market boom? Have you considered a static caravan or lodge?
Many people are looking at buying a second property holiday home in the UK and subsidising the mortgage payments for that property by renting it out during peak season which is a great idea. However, property especially in sought after tourist locations such as the south coast is extremely expensive. If you are looking for a 3 bedroom house with enough room to host the family on holiday, you would be looking around the £300,000 - £450,000^ price bracket for a standard looking home. If you would like a more attractive looking property in walking distance of the seaside or tucked away in the beautiful forest with stunning walking routes at your doorstep, you will certainly be looking at an even higher price bracket in order to have this luxury and be in close walking distance of a town.
However, there are other options, buying a static caravan or lodge is a much more affordable option, with 3 bedroom holiday homes available you could be looking at paying between £30,000 (for a second hand static caravan) to £250,000 (for a stunning premium lodge). With enough space to entertain family and local amenities such as an onsite swimming poole, gym and spa just a stone's throw away, it is most definitely an option to consider. Holiday Home parks have stunning locations to choose from meaning your options on location are much greater. You could charge between £500 and £800* a week during peak season with premium lodges going for much more. This would certainly help to ease the cost of site fees and any finance repayments.
*rental prices were taken from Parkdean Resorts statistic
^ property prices we taken from rightmove