Buying a Home at Parkside

Finding a new home is a great adventure.  For over 55’s who are seeking a low cost, affordable housing option, Parkside Village is a offers the tranquil environment and country life style that many are seeking.  Situated in Epsom, 10 minutes drive out of central Bendigo, Parkside Village is the perfect place to find enjoyment in the simple things in life; socialising with friends, community village living, and all the trappings that make life good.

Without a doubt you have many questions about how purchasing a house at Parkside Village works, so we’ve put together the following page of the most frequently asked questions.  Of course, we’re happy to talk on the phone, or if you’d prefer, come and stay with us for a night or two to experience what Village life is like for yourself.  You’re always welcome at Parkside Village.

What is the price of a home at Parkside Residential Village?

The price of a home at Parkside Residential Village depends on the number of bedrooms, the design and size of the home, and the inclusion of any extra features you may choose. There are 5 basic floor plans and home sizes from which to choose, and the floor plan for each home can be modified as required to suit your particular needs.

What is included in the Homes?

All our homes come with complete floor & electrical plans, and include the following standard inclusions:

  • 2 Bedrooms & Study or 3 Bedrooms, Kitchen, Dining, Living & Laundry
  • Dutch or Double Gable roof design
  • Cathedral Ceilings to living areas
  • Tiled Floors to En-suite, Laundry, Kitchen & Dining room
  • Modern Window design with (optional) Roman Blinds and Day / Night shades
  • Tower Oven & gas hot plates
  • Air Conditioning / Heating – 2.5 HP Inverter Air Con
  • Corner Pantry Unit, walk in, auto lighting
  • 1 x study desk and 4 shelve cupboard in study
  • 13m undercover Carport & up to 6m x 3.6m Outdoor Deck
  • Folding Clothes line
  • Additional Down lights, DBL GPO & TV point to bedroom
Do I own my own home at Parkside Residential Village?

Yes. Unlike some other villages where you never own your home, at Parkside Residential Village, the house is your own, enabling you to make changes to it as you please.

How long will my home take to build?

Your new home will be built and ready for you to move into by the time you settle the sale of your current house, assuming a 90 day settlement period.

We will work with you so that the timing of building of your new home and selling your current home coincide as best as possible. In some cases there may even be a home that suits your needs, completed and ready to move into immediately.

I have a house to sell – can you help me?

We will sell your home via our website and other marketing activities, and via enquiries made at the park, often from (casual) guests passing through. Otherwise, we can put you in touch with a licensed real estate agent in your area who will look after your specific needs. You can then discuss with them how best to sell your current house to meet your objectives. When you sell your current house you should ensure that settlement is between 60 and 90 days so your new home is ready for your arrival.

Do I pay body corporate fees? Council rates?

There are no body corporate fees. Nor Council or Water rates which are paid by the Park.

Are pets allowed?

We understand that your pet is part of your family and small pets are very welcome for all pet owners. There will be some common sense rules to follow as we are conscious that we need to respect the rights of all residents, including those without pets.

Can visitors stay?

Of course. Visitors are welcome to use our facilities and stay in your home at no additional cost for a period of up to 30 days. After 30 days you will require the approval of the Village manager and a small charge may apply subject to the ongoing usage of the residents’ facilities.

What is the difference between an over 55’s residential village and a retirement village?

Our Parkside Village is not a retirement village. We believe that people never retire and therefore it has been planned for people over the age of 55 who are looking for an affordable housing option in an enjoyable and peaceful environment which to live, in a community of like minded folk. Our facilities have been made available with this aim in mind.

Your day may start with a catch up with friends, for a walk to the local café followed for example, by a game of carpet bowls, chess or tennis, or a swim at the Village Pool. In the evening you may enjoy a BBQ with friends in the fully enclosed camp kitchen overlooking the pool and playground.

Can I get Government rental assistance?

This will depend on your personal circumstances. At PRV you may be able to reduce your rent with Government rental assistance. You will need to contact Centrelink or Veterans Affairs to find out what you are entitled to receive.

Who will build my home and what sort of quality guarantees come with the home?

Choose from either Pre-con Living or Todd Devine Homes. Both are among Victoria’s leading homebuilders, they will construct your home to our standard, your requirements, and in accordance with the Caravan Parks and Moveable Dwellings (Regulations & Standards) Regulations 1999.

Your home will come with a three-month maintenance period as well as one-year guarantee on all the build components and a 6.5 year structural guarantee. All homes are constructed from quality materials and finishes to reduce ongoing maintenance and come with a certificate of compliance from a structural engineer.

All electrical and plumbing connections are performed by qualified tradesmen and include all certificates of compliance.

Most importantly, what does the home price include?

When you buy a home at Parkside Residential Village you can move in right away because everything is included in the price.

All Parkside Residential Village homes include built-in wardrobes, kitchen with cooking appliances, 2.5 hp heating and air conditioning, instantaneous hot water system, tiled and carpeted floor coverings throughout as standard.

Homes are decorated throughout according to your selection from one of our interior design packages.

Do I own the land where my home is situated?

One of the reasons that living in our Village is so affordable is that we separate the ownership of the land from the ownership of the home. Therefore, when you buy a home at PRV, you enter into a Long Term Residential Site Agreement with the Village owners, that gives you an exclusive right to occupy the land and to use and enjoy the facilities / services during the term of the agreement. The initial term is for 12 months, automatically renewed each year thereafter. You do not own the land, but you have exclusive occupation of it for the duration of your agreement.

As there is no separate Title for the site, you will not have any proprietary rights in the site which would support a caveat. The agreement provides that you must not lodge a caveat on the Title to the Park / Village.

The Long Term Site Agreement will come to an earlier end if:

  • You and the Village Management agree;
  • You default in performance of your obligations under the agreement
  • You sell the home to a person who has been approved by the PRV management
    team to take over the site and enter into a new site agreement


So, how do I become a resident?

Becoming a resident at Parkside Residential Village is a simple four-step process. We try to ensure that it is as hassle free as possible so you can focus on the exciting task of choosing your new home and its location in the village.

Step 1
Working closely with our sales consultant, you select the home and location within the village that best suits your needs. Payment is required for a fully refundable holding deposit of $500 to secure this choice. This gives you an exclusive option for 30 days.

Step 2
In consultation with our sales consultant and the building draftsman, you will finalise changes to the standard floor and electrical plans to best suit your needs.

On finalisation and acceptance of the plans, a Contract of Sale will be drawn up, a ‘Build Deposit’ of 10%, 2 progressive payments of 20% of the final purchase price payable 30 & 60 days from  commencement respectively. The balance is payable on taking ownership of the home.

Your new home will be ordered and manufacture will commence immediately if you wish, or in time to coincide with any Settlement date of your existing home.

Step 3
If applicable, when you sell your existing house and let us know the settlement date, we will start building your new home. You should make sure that the contract of sale for your existing house has a settlement period of at least 90 days.

Step 4
Pay the outstanding balance and move into your brand new home.  It’s that easy.


How much is the rent?

Under the Long Term Residential Site Agreement, rent is payable each week or  fortnight.  Depending on your personal financial circumstances, you may be eligible for the Government rental assistance to reduce the rent.  The rent is reviewed in line with the Residential Tenancies Act (Vic) 1997 on July 1 each year.

Please contact us for our current rates.

What does the rent cover?

At PRV the rent is used to pay the costs of running the Village including the following:

  • Council rates
  • Water rates
  • Government taxes and charges
  • Maintenance of the common garden areas
  • Maintenance of roadways and guttering
  • Access to the residents’ facilities located throughout the park, including the
    Swimming Pool, Tennis Court, Mini Golf etc
  • The management of the Village and associated costs of the land and services