Park homes in the East Riding of Yorkshire are typically age-restricted, residential properties sited on licensed residential parks rather than holiday parks. They offer an established alternative to downsizing into a smaller house, with many buyers drawn to towns such as Beverley, Driffield, Pocklington and Market Weighton.
Before buying, check the site's licence conditions, any age restrictions on residents, and the pitch fee review process, since pitch fees typically rise annually in line with RPI. It's also worth asking about the park's resale commission, usually charged as a percentage of the sale price when you come to sell.
As with any property purchase, arrange an independent survey, review the written agreement carefully, and speak to existing residents about their experience of life on the park before committing.
A park home is a factory-built bungalow-style home sited on a residential park under the Mobile Homes Act, offering permanent, year-round living rather than holiday use.
Many residential parks operate an age restriction, commonly 45 or 50 and over, though this varies by park. Always check the specific site rules before buying.
Owners typically pay a monthly or quarterly pitch fee covering ground rent and the upkeep of communal areas, plus their own utilities. Pitch fees are usually reviewed annually.
Traditional mortgages aren't available for park homes, though specialist finance products exist. Many buyers purchase outright or use dedicated park home loans.
Park homes must be sold privately, not through the park itself, though the site owner may occasionally buy it back. The site owner is usually entitled to a resale commission, commonly around 10% of the sale price, as set out in the written agreement.