Affordability
Costs to consider when you buy a lodge at St Mabyn
How much does it cost?
THE KEY EXPENSES TO BUILD IN TO YOUR PLAN
A place to escape from the day-to-day, in a beautiful part of Cornwall, feels like a priceless gift. But of course, a clear-eyed look at the costs is necessary before you make any decisions. We want you to feel comfortable buying a holiday lodge at St Mabyn and to do that, and you need an understanding of the cost of buying and owning your lodge. Here we break down the key areas and talk about letting too – which could help to offset some of those costs.
Lodge ownership at St Mabyn
COSTS TO CONSIDER
The three key areas to build into your budget plans are the purchase price of the lodge, annual pitch fees and ongoing running costs. There are other expenses you may also want to consider. Here’s the detail:
Lodge purchase price - When you look at our lodges for sale, you’ll see the price of each lodge. This figure includes the cost of the lodge itself, siting the lodge on the pitch you have chosen (unless the lodge is already sited) and connecting it to the utilities. In other words, it’s the full price of a sited and connected lodge, ready to start staying in. When you have decided which lodge you would like, you can secure it immediately with a 10% deposit.
1. Pitch fees
This is an annual charge, which secures your place on the park and pays for all the aspects of looking after the park so that it is a pleasant place to stay. This includes:
· Cutting the grass and hedges, and landscaping the park
· Maintaining and repairing the park and facilities
· Keeping the park secure
· Your access to all the facilities
Pitch fees vary depending on such things as the location of your pitch - we give you all the details before you buy your lodge. You’ll pay them in full, once a year, at the beginning of the season in February.
2. Running costs
You will need to factor in the day-to-day running costs of your lodge. This includes the costs of water rates, gas and electricity, as well as insurance and general upkeep of your lodge. Some of these are variable costs and we can help you work out a budget with typical, real-life examples.
3. Other costs
It’s worth building in a budget for miscellaneous costs too. You will need the homely touches such as cushions and throws, kitchen, dining and sleeping essentials and any of those absolute must-haves, such as air fryers and soup makers! Don’t forget you’ll need a separate TV licence for your lodge too.
We hope this overview helps. Once you get into more detail, we can answer any questions you have and help you to build a clear picture of the financial side of buying and owning a lodge at St Mabyn. We also have regular ownership offers so keep an eye on these too, using the link below.
Let your lodge to holidaymakers
USE OUR FULLY MANAGED SERVICE
There are always going to be weeks when you are not staying in your lodge at St Mabyn. This gives you the opportunity to make it available for letting, which you can do easily using our managed letting service. The income you generate will help offset some of the costs of ownership but it’s important to understand that letting does not guarantee an income, so keep it separate in your financial planning.
Once you decide you do want to let your lodge, it couldn’t be easier. Our managed service takes care of everything, including:
· Advertising your lodge across our marketing platforms
· Taking bookings and handling all communication with guests
· Housekeeping and maintenance for changeovers and troubleshooting
· A friendly welcome from our park team who will check in your guests and look after them during their stay.
Find out more about owning a lodge at St Mabyn
START YOUR OWNERSHIP JOURNEY
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