Why people are no longer downsizing
Quoting Louise Ridings of Stacks Property Finders
The much-maligned bungalow is having the last laugh compared with the terraced house in terms of prices per square foot in many parts of the country. Bungalows can achieve a “significant premium”, says Louise Riding of Stacks Property Search, a buying agency, “because they often have a large footprint on a decent-sized plot and can be knocked down and replaced with four-bedroom houses, and because older people appreciate their lack of stairs.”
“As our population ages, high-end bungalows are the asset class of the future, so you must expect to pay a dividend,” Riding says. “The days of getting a cheap bungalow because it isn’t a great beauty are sadly long gone.
“When we’re buying for older clients who are downsizing, we automatically take into consideration access, particularly to upper floors. I’m a great fan of the bungalow and think it’s sad that so many are bulldozed and replaced with houses. The supply is certainly diminishing. Many bungalows are extended vertically, so they’re no longer technically bungalows. If it doesn’t compromise the plot, it makes much more sense to extend bungalows laterally. And improvements can often be made if they’re lacking in the aesthetics department.”
If you are interested in buying a property in East Midlands, please contact Louise / 07944033474 / louiseridings@stacks.co.uk
Start your property search today
Call us on +44 (0) 1594 842880 or complete the form below
How we can help you
View our property finder services
When making probably the most important financial decision of your life, it pays to have the right advisors at your side.
Downsizing or Resizing
Retirement or semi-retirement is an exciting stage in life. Finding the right home to live in and enjoy it to the full is important. We know that and will do all that we can to understand what you’re looking for… before starting to search. And search we will, until we find the house of your dreams.
Moving from Abroad
Relocating is time consuming and stressful. We regularly work with clients who live abroad. We hunt, short-list, prepare your viewings, and make the search process as easy as possible. We oversee the negotiations, manage the conveyancing, and deal with the headaches, so you can concentrate on other aspects of your move.
Holiday Home Hunt
A holiday home is often an interesting mix of investment and heartfelt connection. You want to use it, but you may well also be keen for others to use it too. We can advise you on what factors to consider in making your decision. And we can then find the perfect holiday home for you to enjoy.
Investing in UK Property
Others say, ‘location, location, location’. We say, ‘location, purpose, price, capital growth, rental returns’… the list goes on. Knowing the market is critical. Local knowledge is key. We ensure all aspects of your investment decision are addressed. Finding, analysing, negotiating, and completing… it’s what we do.
Subscribe to our newsletter
Receive updates about the world of property, straight to your inbox.
Stacks Head Office
Old Severn Bridge House
Purton, Blakeney
Gloucestershire
GL15 4AX
+44(0) 1594 842 880
