Buying a lodge in the Lake District
Posted: Sun Sep 29, 2019 10:45 am
Hi everyone,
I'm hoping I can get a bit of useful advice. We are looking to buy a FHL in the Lakes and have put down a small deposit on a 2 bed lodge on White Cross Bay holiday park. Its only a basic lodge, 1 bathroom, no hot tub etc and used. It is being refurbished but is quite traditional. We are doing this mainly to rent out to help pay some of our daughter's costs through uni so not primarily for us. We have a limited budget and can't afford to get this wrong. Chose the Lakes as a year round destination. But looking around it seems as if there are so many lodges in this area and I'm wondering whether anyone can give me their experiences, positive and negative on rental returns. Have seen some figures, allegedly for this lodge but would welcome comments on whether this is a good move or plain daft! Thanks in advance.
I'm hoping I can get a bit of useful advice. We are looking to buy a FHL in the Lakes and have put down a small deposit on a 2 bed lodge on White Cross Bay holiday park. Its only a basic lodge, 1 bathroom, no hot tub etc and used. It is being refurbished but is quite traditional. We are doing this mainly to rent out to help pay some of our daughter's costs through uni so not primarily for us. We have a limited budget and can't afford to get this wrong. Chose the Lakes as a year round destination. But looking around it seems as if there are so many lodges in this area and I'm wondering whether anyone can give me their experiences, positive and negative on rental returns. Have seen some figures, allegedly for this lodge but would welcome comments on whether this is a good move or plain daft! Thanks in advance.