Buying a lodge: FAQ’s
How much are the holiday lodges?
As you might expect, the prices vary according to the size and specification of the holiday lodge, with the price of new holiday lodges ranging from £180,000 to around £300,000.
What is included in the price of the lodge?
The lodges are fully furnished and come with a 10-year manufacturer’s warranty. There are no added conveyancing or solicitor’s fees or Stamp Duty to pay.
The cost of siting your home is included in the total price and will be connected to the mains services, including water, electricity, and gas. BT lines are already installed and will simply need to be connected. Every lodge has its own private garden, decking, and a parking space close to the plot. Each property has multiple smoke alarms, Co2 detectors and intruder alarms for your peace of mind.
Are there other costs?
Annual ground rent is payable on each holiday home and this is currently £4157.93 +VAT. This charge allows us to keep the gardens in the entire park to the highest standard and gives you free access to all of our onsite leisure facilities. It also covers the cost of mowing the lawns all year round, Freeview television package, sewerage charges, refuse removal and of course all the benefits of the security systems and management team support on site.
What is the security of tenure?
We offer an 80-year license
Are the Holiday lodges expensive to maintain?
Lodges are well insulated and double glazed which means that heating costs are generally lower than a conventional home. Lodges are practically maintenance free, and running costs are minimal.
How can I reserve a new lodge?
We ask for a deposit of £2000, refundable within 14 days, to secure your plot. If purchasing a new build, we request a further 30% payment on confirmation of the order and lodge specification. The final balance is payable a week prior to completion.
Once I decide to buy, how long before my lodge is ready?
If you purchase a show home, completion typically takes 2 to 4 weeks. If you are ordering a brand-new home, the process can take 6 to 9 months depending on manufacturing cycles and your chosen specification.
Can I rent out my lodge when I’m not using it?
Yes, renting your lodge is permitted and is managed through Thatches management services. We are responsible for all advertising and marketing campaigns and take all lodge bookings centrally. We also make renting hassle-free for you by organising cleaning and changeovers. For this service, we charge 20% +VAT of total rental income.
How much can I expect to earn through lodge rentals?
As a guide, we would anticipate a return of up to 5% on your investment. This is of course subject to how much you use your lodge in high season as these times will naturally yield the highest rentals.
Can I bring my dog?
Yes, you are very welcome to bring your dog to Thatches. There are plenty of walking trails both on the park and nearby. We do ask that dogs are kept on a lead in the communal areas of Thatches.
Does a holiday lodge hold its value?
In general, yes. If it is well maintained, a lodge will typically follow the trend of the conventional property market.
Can I make my lodge my permanent home?
Thatches is open for 12 months of the year, so you can plan a visit any time, all year round – the amount of time you spend here us up to you! However, it is for holiday use only and cannot be your main residence.
What happens if I want to sell my Thatches home?
If you decide to sell your lodge, we will help by managing the process and marketing your property. A transfer fee of 10% +VAT of final sale price is charged upon completion. There are no legal fees or other charges involved.