The SLP website reports that 9 lodges have been sold ?
Any Views ?
Here's the link
http://www.southlakelandparks.co.uk/kirkstone_development.asp
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@ 14/10/2007 – 07:16:06 pm
The SLP website reports that 9 lodges have been sold ?
Any Views ?
Here's the link
http://www.southlakelandparks.co.uk/kirkstone_development.asp
According to Mark Thomas there have, in fact, been 9 sales. 7 lodges sited and 2 bought off-plan still to be sited.
Not bad given the prices! Makes my lodge on Fellside look VERY good value!
What are the prices? did they get the asking prices over £160k?
I guess we all have a different view of 'good value'
- 6% rental returns on an investment ( £100k) ?
We can't estimate a market price as SLP decide based upon their monopoly position
I think the rental returns are good if you are sensible about your price band. After three years of renting you need to plough back some of the profits as fixtures and fittings need replacing. I think the current level of rents is low but owners are only looking to recover 'cost' ie. pay for some or all of the annual site fees
I think lodge prices on Limefitt should be 30% higher than the purchase price if the market was competitive and SLP relaxed the ownership restrictions
"What are the prices? did they get the asking prices over £160k?"
No idea Colin, but we've all seen the special offers and reductions, so I guess that not all (if any)new owners will have paid those very high headline prices, and the top, most expensive lodges, are still unsold.
I would guess though that the prices paid would still represent a fair premium over the equivalent prices on Fellside last year where ISTR a new double 2 bed lodge went for about £120k not long ago.
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Well if it's on their web site then it must be true and acurate then Colin.
Once they've all moved in we ought to have a get together- we could invite local and SLP management as well to chat about one or two things ;-)
(actually that's a serious suggestion Colin)