Holiday homes (to let out) who’s got them?
Discussion
Naturally, this year is rather an exception , but just wondering if any of you that have them would take another path if you did It again.
I’m looking to make a purchase in Norfolk, and just wondering if having a leasehold property (on a holiday park) has too many what if’s attached, it seems a few people have been stitched up when the park has been sold or pay 30k for a caravan on a site, only to be forced 5 years later to sell it back for 3k as it’s now ‘too old’ for the site. I’v seen small plots of land with two or three caravans on for about £150k freehold which seem a safer bet and give a quicker return than bricks and mortar.
I’m really looking for a higher return now than a large asset in 20 years time.
I’m looking to make a purchase in Norfolk, and just wondering if having a leasehold property (on a holiday park) has too many what if’s attached, it seems a few people have been stitched up when the park has been sold or pay 30k for a caravan on a site, only to be forced 5 years later to sell it back for 3k as it’s now ‘too old’ for the site. I’v seen small plots of land with two or three caravans on for about £150k freehold which seem a safer bet and give a quicker return than bricks and mortar.
I’m really looking for a higher return now than a large asset in 20 years time.
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