Bungalow designs usually more popular with older people are being snapped up by a younger generation of property investors, according to one UK developer.
Gladedale said units in its Lincolnshire project, Trustcote Grange, were proving popular with people of all ages.
The development, near Caistor, features bungalows with two bedrooms for £155,995 which are reportedly proving a hit with people more used to apartment or loft homes.
Gladedale said easy commuting distances to Scunthorpe and Grimsby could also be behind the high demand for “life on the level” in Trustcote Grange.
Gladedale Lincoln sales director Maureen Hynes said:
“With the Lincolnshire Wolds on the doorstep and a great quality of life available in this location, we are not surprised that the townhouses and family homes have sold well.
“Bungalows are always particularly sought after however. There’s just something about being able to wander from bedroom to living room that seems very cosy and intimate. Having windows all around also means that the light is excellent.”
Earlier this month the Daily Mail reported bungalows are becoming popular with young families as they often come with bigger gardens. The paper also said the format is easier to extend, making them an attractive investment for buyers prepared to spend money on upgrading them.
Related posts:
