Should You Buy A Luxury Lodge?

May 20, 2010 by srgproperty
Filed under: Uncategorized

Once you hear somebody mention a mobile home, or caravan park, I envision the picture you conjure up is far from the luxurious ilk of luxurious lodge developments that are now occupying some of the most beautiful regions of the country.

If you visualize of a second home but purchasing abroad is just not your thing, a luxury wooden lodge might be the answer for you.

With prices as much as 50% less expensive than a standard build property, and frequently located on developments with a host of fantastic amenities, these lodges can make the ideal base for your own family holiday or quiet get-away, but the leasing potential is huge, so it may be the perfect Buy-To-Let prospect. With properties abroad becoming increasingly expensive due to the strong Euro rate and growing mortgage rates, the 7,500 wooden holiday properties currently in the UK are getting a increasingly more attractive alternative. With leasehold prices starting from £60,000, ranging to the £200,000 mark, this is a great alternative.

Of course, if you are looking to make investments in one of these assets instead use it just for your own private use, you may be interested in the rental income capability. Depending on the season and the facilities provided, you can get a weekly rental proceeds from £400-£3,500! Of course, it’s important to visit the site that sub-letting is permitted and you need to be attentive that many sites only let occupancy for 10 or 11 months of the year.

Lodges typically have electrical power and water facilities set and include the household furniture. There will be extras to pay, such as an yearly site fee, and cleaning and upkeep. But with many sites offering on-site restaurants, shops, spa, sports facilities, and swimming pool, your site fee really does pay for itself.

The lodges themselves are a long way from the archetypal image of a usual mobile home park with rows of white caravans either side of a main track. You are more likely to find these luxurious Levitra Professional wooden lodges veiled away in the midst of leafy glades, or by the lapping waters of a lake. Often with an outdoor deck, top quality interiors, and based on your budget or necessities, often with a private hot tub on the deck.

So what are the pros and cons…

Pros…

It’s a less expensive means to own a second home with outstanding facilities in a great location
No flights to book or commission rates on currency to pay for
Rental period of up to 35 weeks. 15 weeks longer than the overseas season
High weekly leasing profits potential
Great bolt hole if you and the property have a free weekend

Cons…

Lodges can’t be a permanent residence
Can’t be registered at Land Registry, although have 10 year building agreement
Some parks have conditions around sub-letting and are only open 10 or 11 months of the year
You may own up to a 100 year lease, based what exactly is left on the property, but you do not own the freehold.

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