Static Holiday Homes

[fazersharp]

Also those pay as you go electric meters eat £1 coins im sure you only get 50p worth from £1
You will also need another tv licence

I got one, payed twenty grand for it,  it,s great we get away most weekends.  all in gas elec sewerage, bins grass cutting, etc etc, 3200, a year, that's about 10 pound a day, t

My maths says most week ends = 104 days at most = £30 per day.
I suppose that you are paying for the freedom to just go whenever you want

[Oldgit]

I had a static caravan, double glazed with central heating and large allround verandah for 7 years, great for the first couple of years, but the family grew tired of the campsite and facilities, and we used it less and less over the following years.
Kosmic unless there are lots of places and things to do it can become dull and boring after a few years, and you will have to sell via the site owners who charge fairly hefty fees, and also you have to take into account the annual site fees, fuel costs & maintenance of the caravan, so all in all not a good investment, stay well clear.
Why not join a time share project where you can swap your time and have differing destinations to holiday at, I know several people who do this and it works well. :pc

[Kosmic Kartman]

The static holiday home is not really for us to holiday in but more to let out.

[sinto607276]

[quote author=taylor link=topic=17636.msg203630#msg203630 date=1436816637]
3200, a year, that's about 10 pound a day

My maths says most week ends = 104 days at most = £30 per day.
[/quote]

Both calculations are correct in theory although neither are exactly correct, depends whether your looking at actual costs over the year or whether your working out how much it costs for the actual times you use it

[BBROWN1664]

To let it out without the benefits yourself....

Ground rent etc £3000 a year including gas (pass on the £25 elec to the renters)
Depreciation around £3000 a year too if you are generous
Maintenance and repairs around £500 a year

£6500 / 52 = £125 in costs to recover.
If you manage to rent it out for 20 weeks of the year you need to average £325 a week in rent just to cover your costs.

I wouldn't but then I was mad enough to buy a place in France. At least I should get my money back on that though if I sold it.

[sinto607276]

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-...29a810460f

[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.

[sinto607276]

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 :lol

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