The Escapade development - Own a piece of Silverstone race circuit - £2m trackside homes
Image details
Contributor:
Tony Smith / Alamy Stock PhotoImage ID:
2RCC5T7File size:
51.7 MB (3 MB Compressed download)Releases:
Model - no | Property - noDo I need a release?Dimensions:
5472 x 3300 px | 46.3 x 27.9 cm | 18.2 x 11 inches | 300dpiDate taken:
7 July 2023Location:
Silverstone Circuit, Silverstone, Towcester, Northamptonshire, England, UK, NN12 8TLMore information:
More at https://oversteer48.com/escapade-silverstone/#:~:text=Escapade%20Silverstone%20is%20a%20development, live%20in%20them%20full%20time. How much does an Escapade Silverstone house cost? Escapade Silverstone prices start at £850, 000 for a countryside 2 bedroom property and go up to £2.2m for a trackside 4 bedroom property. Can you live in them? This is where it gets interesting. The Escapade Silverstone development is designed to be an extension of Silverstone’s current hospitality offering and as such they are fully managed by Silverstone circuit themselves, right down to the matching furnishings. If you purchase one of the properties you can live in it for a pre-determined number of days each year. Go over that number of days and you have to pay a nightly room rate to stay in your own property, albeit at a 35% discount over standard rates. You can stay for 30 nights multiplied by the number of bedrooms in your property. If you have a 4 bedroom trackside residency, you have 120 ‘bedroom usage nights’ per calendar year that you can stay. During the major events at Silverstone, nightly bedroom usage rates are multiplied by a preset factor. At the F1 the nights are multiplied by 5, and all of the bedrooms in the property are assumed to be used regardless of how full it is. So if just one couple stays in a 4 bedroom trackside suite for 3 nights at the F1, they would use up 60 (half) of their yearly bedroom usage nights. an investment with petrolhead perks Owning one of the Escapade Silverstone properties is like a cross between owning an AirBnB and a Timeshare. Think of the whole Escapade development as a hotel complex. Now think of the money to purchase one of the properties as an investment in the hotel. As a perk of your investment you get a number of ‘free’ night’s accommodation in the property with incredible views of the circuit, as well as a number of other bonuses including free access to Silverstone events, free access to the Escapade clubhouse