Static caravan on holiday park - a good investment?

[HopeG]

Hi all,

I am wondering whether purchasing a static caravan on a UK holiday park perhaps somewhere like Whitstable or Margate (South East, by the sea) is a good investment?

I am thinking it could be nice for us to visit as a family but also we could rent it out when not in use by us.

We’d need to take out a second mortgage to cover it so I would want holiday rentals to cover the cost.

Do people find this works for them?

Thanks for any advice you can give.

I had family members who did it. And I was shocked at rhe cost, it was over 5 grand for site fees a year and then utilities like water and electricity on top, plus insurance, They paid about 7 or 8 grand a year on top of buying it, then the depreciation was huge, meaning they lost another 3 grand or so a year during ownership. And this was a few years ago.

it was literally about a grand a month to have it, it was crazy money, no way could you rent out enough weekends to even recoup a tiny percentage of it. They didn’t even go down that often, maybe once a month, it literally would have been cheaper to just book and pay each time they wished to go.

As everyone else has said, it's definitely not an investment. The caravan itself quickly depreciates in value and if you rent it out you risk getting all sorts of damage. Having said that, we've had ours for twenty years and spend most of our free time in it. The grandchildren love staying and friends and family often visit at weekends. It's worth every penny of the expense to us, but it's certainly not cheap!

Our friends did it loved it they sublet and recoup there site fee

BUT there caravan can remain on site for 12 years due to age before it has to be upgraded
the money they paid for there caravan the expect to more or less write off due to depreciation they worked it out they loose/cost them just over 2 grand a year but they use it a lot do think it’s good value

its not an investment an unsited 15 year old static is worthless