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Mobile homes on residential sites

Can you advise me if the value of mobile homes have gone up over the last couple of years.

Asked on Aug 20 2010, House Prices in Ilminster | Report content

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  • These are likely to have gone up similar to all other residential property, although there may also be a depreciation due to the fact they are mobile and not of a more permanent, longlasting material such as bricks and mortar. The value does also depend a lot on the location of the mobile home and its desirability, just in a similar way to residential houses and flats. So to get the best possible price, make sure it is all neat and tidy and nicely decorated to make it pleasing to a new prospective buyer.

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    Answered on Aug 20 2010, Report content
  • Newer park homes in 'good locations' in 'good condition' will go up in value if house prices are rising. But, when they are older they do seriously depreciate in value. The life of a mobile home is about 40-50 years. Usually older people opt for a mobile home to free up equity in their currant home or they are bought as holiday homes.

    Answered on Aug 30 2010, Report content

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