Our analysis reveals a market value of nearly £13.5 billion!
Regency Living has calculated the estimated total value of England’s park home market based on the number of park home sites across the country*, the estimated number of homes situated within each site - calculated using a bespoke site-to-dwelling multiplier - and the estimated market value of park home properties*.
The data reveals that across England, there are an estimated 1,832 park home sites. Across these sites, it is estimated that there are a total of 100,406 individual homes.
The average price of a park home in England is estimated to be £134,036, which means the total value of England’s park home market is almost £13.5 billion.
The South East has the nation’s largest regional park home market.
The region has an estimated 428 park home sites. With a site-to-dwelling multiplier of 64.7, it is estimated that there are a total of 27,693 homes. With an average park home price of £150,032, the South East’s park home market is estimated to have a value of £4.2 billion.
The South West’s park home market is estimated to be worth £2.7 billion across 399 sites, followed by the East of England (£2bn) and West Midlands (£1.5bn).
On a local authority district level, the nation’s most valuable park home market is found in Cornwall. Cornwall has 70 park home sites - more than any other district - with an estimated total of 3,449 homes (based on a multiplier of 49.3). At an average price of £138,950, Cornwall’s park home market is estimated to be worth £479.3m.
Somerset and Dorset both have park home markets valued at £294.4m, followed by North Yorkshire (£289.2m), Wiltshire (£267m), and Shropshire (£249.4m).
A Regency Living spokesperson commented:
“England’s park home market is much bigger and more valuable than many people realise. Its impressive market value is due to the brilliant location and lifestyle that park homes offer and more and more downsizers are realising the benefits it gives in comparison to the traditional bricks and mortar market.
With UK house prices already incredibly high and more than likely to get even higher, we fully expect park home demand to increase over the coming years. The sense of community, safety, and security means that once people arrive, they rarely choose to leave. As such, waiting lists are going to get longer and longer, leading to more park home sites popping up across the country.”
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