How are Park Homes different from regular houses?
How much does a Park Home cost?
The choice of plots on our park at Victoria Gardens is vast and all plots have stunning views of the surrounding countryside, providing a real rural retreat. A plot at Victoria Gardens can be secured with a £5,000 deposit, and you can then decide upon the exact model of home you wish to place on your plot.
There are also a few other costs to be considered, such as the monthly utility expenses. However, living costs are generally significantly less than living in a traditional bricks and mortar home.
Can I live in a Park Home all year round?
However, always ensure that the park you’re looking at has the correct residential license before you buy. On some other parks, there are a number of restrictions depending on whether the park has a residential or a holiday licence. In this case you may only be able to reside for 7 or 10 months of the year, meaning you’re limited to finding somewhere else for the duration the park is closed.
Victoria Gardens is a full time Residential Park and none of the homes may be used for holiday homes or rental. Additionally, homes on Victoria Gardens are only available to the over 45’s, so you can be confident that you will be among like minded people who will become life-long friends.
What are the monthly costs of living in a Park Home?
Home owners pay a fee, or ground rent to the park owners for the plot on which their home is sited. This pitch fee varies from park to park. This pitch fee is for the right to keep the home on the park, and includes maintenance of the communal areas, such as roads repairs, electricity for street lights and CCTV.
Other costs are much the same (or slightly less) compared to living in a bricks and mortar house. Electricity in approximately half the price of a normal “bricks and mortar” home as parks sometimes buy electricity in bulk at commercial rates.
Other services such as telephone line, satellite TV are purchased directly from suppliers such as BT. LPG gas is generally used on most parks and LPG gas is bought in bulk from suppliers and then piped to each home. Water is individually metered to each property, along with gas and electric and meters are read and billed every three months to make life even easier. The amount of gas and electricity used compares favourably with that used in bricks and mortar homes.
Does the pitch fee increase each year?
Yes, the pitch fee is initially decided on a year long agreement with the park owner. It will increase at the rate of inflation each year.
It can be raised more than the rate of inflation only if;
A) The Park owner has invested in the park in the previous year in a way that benefits the residents.
B) The residents have been consulted on that improvement programme.
Why is there a 10% commission on resale of a Park Home?
This transfer fee is not compatible with commission payments made to estate agents. It reflects the value that the plot and the amenities of the park add to the resale value of the home. Considerable investment is necessary to develop and maintain a residential Park Home estate. A reasonable repair on this investment is essential to ensure that the park continues as a viable concern in the interest of both the home owner and the park owner.
Are pets and children allowed on the home parks?
This is decided by the residential park owner and will differ from park to park. Victoria Gardens does allow pets. All pets should be friendly and well-behaved so as not to cause a nuisance to other residents on the park.
Children can visit and stay on park, but may not reside on the park full time – so the grandchildren are always welcome, but you’ll have a great excuse to send them back!
Victoria Gardens is for the over 50’s, and is popular with the semi-retired and retired. Sometimes circumstances of the customer will be looked at and taken into consideration on an individual basis at the discretion of the park owners.
Haven't found an answer to your question?
If you haven’t found an answer to your question in our FAQ don’t hesitate to contact us directly for an answer.
We can be reached by telephone at:
Or come along to the park and have your questions answered in person.
31 Barkham Ride, Finchampstead
Wokingham RG40 4EX