Static Holiday Homes

[sinto]

You could also go down the route of a large motorhome?
Lots more freedom, your not stuck in same place all the time, towbar on back and you could take your motorbike(s) too and you'd probably not lose as much as the end when you sell it?
Quick look on autrader and this one is for sale for £24000
http://motorhomes.autotrader.co.uk/used-motorhomes/burstner/active/2003-burstner-747-active-fiat-ducato-7-berth-diesel-darlington-mfpa-8ad08c6d4e53364d014e8829a810460f

[Kosmic Kartman]

Thanks for all your comments and feedback. I've decided to let this one go after doing the maths. As most most have said it doesn't make sense or add up.

I wasn't looking for somewhere to go on holiday or a motorhome. This was to get a bit of money rolling into the bank as a second brick built property is slightly out of my reach at the moment.

It's the depreciation factor that is the big spanner in the works. Also unknown equations that I'd have no control over... Site management fees etc. The site is also on the Suffolk coast and as you know this suffers badly from coastal erosion which is another factor I needed to take into consideration.

With that said I won't be investing in this... I'm out.

Cheer Foccers.

[fazersharp]

Also do not forget that you will be needing to pay tax on your rental income, and send in a self assessment tax form each year

[taylor]

don't buy it to make money because you wont,      people only hire the newish ones, for about 600.      jun jul aug, the rest of the year it is just drips and drabs,  I also go on hols abroad, its like a car if you gotta ask how much fuel it takes you cant afford it, not meaning to be rude. I also spend a few weeks in the summer, and also winter when I got no work on, so it suits me, as for the twenty grand, just consider it gone,.  also if I work down there I got a base,.  saves hotel charges,. and claim back in tax,. simples.

[Hamos]

The depreciation is the killer.  My dad had one so I inherited it.  We have kept it on as my young kids love going there, but once it comes to getting a new one then then we will not bother.  Better putting money into a holiday home to rent out, then you have a better asset.

[sinto]

With that said I won't be investing in this... I'm out.
Cheer Foccers.

I didn't realise you were pitching an idea like dragons den

Glad you've done your sums and decided what's right for your circumstances

Good wee community on here for not just bike stuff?  I just love it