One-Time Purchase Costs

You purchase your Park Bungalow outright, owning it in its entirety. Prices vary depending on:

• Size and specification
• Location of the plot on the development
• Prices in the local housing market
• Whether it's a new or pre-owned home

What You Won't Pay

• No stamp duty – a significant saving compared to traditional property purchases
• No solicitors' fees – when using our streamlined purchasing process
• No estate agents' fees – when purchasing directly or through our Part Exchange Scheme
• These savings can amount to thousands of pounds that remain in your pocket.

Ongoing Monthly and Annual Costs

Site Fees: What They Are and What They Cover

As a resident, you own your Park Bungalow outright, but Regency Living owns the land. Your site fee is essentially rent for the ground your Park Bungalow sits on.

What Site Fees Include:

Site fees are payable on all Regency Living developments, though costs vary for each location. Your site fee typically covers:

• Use of the land your home sits on
• Maintenance of communal areas
• Road maintenance and street lighting
• Site management services
• Security (on gated developments)

Important to Note: What's included in site fees varies by development. We're transparent about what's included at each specific development.

Annual Increases: Since July 2022, site fee reviews use the Consumer Price Index (CPI) for inflation adjustments rather than the Retail Price Index (RPI). CPI is generally lower, providing more predictable and reasonable annual increases.

Council Tax: Band A Benefits

If your Park Bungalow serves as your sole or primary residence, you're required to pay council tax to the local council, just as with any permanent home.

The Advantage? Most Park Bungalows fall within Council Tax band A – the lowest and cheapest bracket. This typically means significantly lower annual council tax compared to traditional homes, which often fall into bands C, D, or higher.

What Council Tax Funds:

• Police and fire services
• Libraries and leisure facilities
• Rubbish collection
• Road maintenance
• Environmental health services
• Parks and sports centres
• Education services

Utility Bills: You're in Control

You're responsible for your own utility bills, just as with any home. However, Park Bungalows offer distinct advantages…

Energy Efficiency Means Lower Bills

All Regency Living Park Bungalows are built to BS 3632 standards, which mandate:

• Superior insulation for excellent heat retention
• Modern, efficient heating systems
• Enhanced ventilation that doesn't waste heat
• Energy-efficient construction throughout

This translates to genuinely lower energy bills compared to many traditional homes, particularly older properties with poor insulation.

Utilities You'll Pay

• Electricity
• Gas (where applicable) or alternative heating fuel
• Water and sewerage
• Broadband and phone (optional)
• TV licence (if applicable)

Money-Saving Tip: The single-storey design and smaller footprint of Park Bungalows mean less space to heat, naturally reducing energy consumption and costs.

Home Maintenance and Upkeep

Your Responsibilities

The upkeep of your Park Bungalow is your responsibility as the owner. Each resident receives a plot plan indicating exactly what is yours to maintain.

The Low-Maintenance Advantage

Whilst you're responsible for your home and plot, Park Bungalows are designed for minimal maintenance. Single-storey living means no external guttering to clear at height, smaller gardens are easier to manage, and modern construction requires less frequent upkeep than older traditional homes.

What Regency Living Maintains

Through your site fees, Regency Living maintains:

• Landscaping
• Roads and pathways throughout the development
• Street lighting
• Site infrastructure
• Shared facilities (where applicable)

This division means you manage your personal space whilst enjoying professionally maintained areas – the best of both worlds.

Insurance: Protecting Your Investment

Park home insurance isn't a legal requirement in the UK, but we highly recommend it for financial protection and peace of mind.

Cost Considerations

Insurance costs vary based on your home's value, location, and chosen coverage level. However, Park Bungalow insurance is often comparable to or lower than traditional home insurance due to the secure, well-maintained nature of developments.

Additional Costs to Consider

Modifications and Improvements

If you wish to make changes to your Park Bungalow or plot:

• Some modifications require approval from the site supervisor
• You'll need to complete a works-to-plot application
• Costs for improvements are your responsibility
• Common adaptations include ramps, accessible bathrooms, or garden features

When You Decide to Sell

Should you decide to move on, there's one cost to be aware of:

10% Commission on Sale: When selling your Park Bungalow, a 10% commission of the sale price is payable to Regency Living as the land owner. This is a government directive that applies across the sector.

Why Does This Fee Exist?

• The new owner acquires both the home and the right to reside on the pitch
• Funds site maintenance and improvements
• Ensures the community remains vibrant and well-maintained
• Supports operational costs and compliance with regulations
• This commission helps maintain the quality of the development, benefiting all residents.

Transparency is Our Priority

At Regency Living, we believe in complete transparency about costs. When you enquire about any of our developments, we provide clear information about:

• Purchase prices for available Park Bungalows
• Specific site fees for that development
• What those site fees include
• Any optional amenities and associated costs
• Local council tax band information

We want you to make an informed decision based on accurate, complete information about your future costs.

Making an Informed Decision

Living in a Regency Living Park Bungalow community offers excellent financial value alongside an enriching lifestyle.

With lower upfront costs, predictable ongoing expenses, and energy-efficient homes that reduce utility bills, many residents find they have more disposable income to enjoy retirement.

Ready to explore what Park Bungalow living could cost you specifically? Contact us today for transparent information about any of our developments across England.