More and more recently I’ve been spotting mobile houses pop up for sale on Amington Park, Tamworth. When I mention them to landlords, family and friends many people have a pre-conceived idea of what a mobile home is and these unfortunate homes are often stigmatised as being a little bit cheap and trashy. After reading this, hopefully you’ll be able to change your mind if you’re in that camp!
A modern mobile home is an ideal, low cost, low maintenance home, usually for the elderly (which we’re always hearing Britain has a growing number of!) a fantastic summer Holiday home to either rent or use yourself if you’re not from the area, so when they come up for sale in Tamworth I get rather excited thinking about the potential they come with!
Searching around the internet, you can find these low cost homes for as little as £67,500 for a two bed property, with a lovely garden and plenty of space to breathe in and going by the current cost of an average two bedroom mid terrace in the area costing almost £30,000 more, you’re in for a big saving.
But the important question is… Is there a market for this type of property?
In short, yes and no. They do make great holiday homes – Tamworth and the surrounding areas have some fantastic summer attractions, such as Twycross Zoo, Drayton Manor and a generous handful of historic sites such as Tamworth Castle and Lichfield Cathedral, that would make this property more than attractive as a holiday let in the summer to Autumn months but that would leave you with an empty property for half a year, however holiday homes do come with a premium on their rent!
But what about if you wanted to rent to a tenant?
There is a market for low cost, affordable homes in the area and as I’ve discussed – this property I’ve featured would make an exceptionally good let to not only the more mature person but to those who may be in a lower income threshold. These houses are far cheaper to rent than a bungalow and do not offer the mobility issues that a house may present. If you rented this particular property at just £350 per month, you would still stand to gain a healthy return of almost 7%. The only downside with this type of home is that the service charges may be high!
But it’s really all down to personal preference, personally I think these are great as they are a versatile home and these ones in Amington are especially beautiful. So why not pop down to the area one Sunday afternoon and have a look at a few?