What is the difference between a Residential Park Home and a Static Caravan/Holiday Home?
A Park Home (sometimes referred to as a mobile home), is built to British Standard 3632, the "Specification for Residential Park Homes". It is a timber-framed residential property, suitable for all-year-round habitation and can therefore be used as your main UK residence if sited on a park or location with a residential licence. Residents are protected with security of tenure by the Mobile Homes Act if the Park is registered with a residential licence.
A Caravan Holiday Home is built to EN.1647 which is a lower build standard in terms of the overall structure and level of insulation. Caravan Holiday Homes are only suitable for seasonal use due to the lower level of insulation, however some Holiday Homes can be built to a 'Residential specification' (Standard 3632).
What is Park Home living?
Park home living is for those people seeking that sometimes elusive combination of life in the country at an affordable price. At Richmond Caravan Park you can buy one of our fully-fitted homes in a beautiful setting for a fraction of the price that a comparable, conventional dwelling would cost.
NEW PARK HOME
Prestige Avanti 38 x 22
Residential - Plot 31
How is it different to conventional home-owning?
The cost of buying and running a park home can be substantially lower than conventional home-ownership due to:
No stamp duty payable.
No conveyancing / solicitors fees.
Low council tax - Band A.
Lower maintenance costs.
What are the homes like?
A park home is indistinguishable from a conventional bungalow. All of our homes are built to the required, nationally recognised standard BS3632, and are covered by the Gold Shield 10 Year Warranty scheme. The homes are all built on a steel chassis with timber frame and provided with a tough and durable weatherproof exterior, plus a textured finish styled to resemble a traditional render. Particular attention is paid to achieving a high level of insulation – often of equal or superior value to cavity wall buildings. This keeps heat loss and energy bills to a minimum. There is central heating and full uPVC double glazing. Park Homes are designed for easy maintenance and owners are most unlikely to be faced with the sudden high repair bills which are a common feature of bricks and mortar. Each home occupies a detached plot which can be personally enhanced with the planting of ornamental trees, shrubs and lawn
Does a Park Home keep its value?
With modern era Park Homes built from around 1990 onwards, values will follow closely to those of the conventional housing market at the time. They will often increase in value in the same way as a well kept home of similar size in the same part of the country.
Why do prices vary so much around the country?
For the same reason that traditional house prices vary around the country. Some areas are highly sought after and therefore expensive, and others less so. A substantial part of the cost of a park home is the value of the land and this varies considerably, reflecting the housing values of the locality.
Must it be a licensed residential park?
Yes, most definitely. You should not buy a home on a park licensed for holiday use if you intend to live in it. The protection offered by the Mobile Home Acts applies to licensed residential parks - and is not available on holiday parks (even if they are open for 12 months of the year). To ensure that you would be protected by the law, before making any commitment to buy, you should check the park’s Site Licence which is issued by the Local Authority to be sure that there are no restrictions (such as for ‘holiday use only’).
What else should I check and budget for?
With park homes, you purchase the home and rent the plot upon which it is sited. Therefore there is a charge – usually called a pitch fee – to be paid for the use of the land and services provided. Pitch fees are usually paid monthly, generally by standing order or direct debit from your bank account, and may be in the range £120 - £200 per month. The actual amount is influenced by the location of the park and/or the amenities provided.
What about utility payments and council tax?
You will need to make the usual provision for the payment of council tax, gas, water and electricity bills. You should establish what these are likely to be before you buy. For example, most park homes are rated in ‘Band A’ for council tax purposes (the lowest band).
Will I have to make any other payments?
Yes, when you eventually sell the home. A maximum 10%commission is payable to the park by your buyer when you sell your home. This payment, made later by your buyer when you sell, allows the initial purchase price and pitch fee to be set lower than would otherwise be the case.