We paid £385k for our bungalow in 2020 – it’s now worth £650k

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Bungalows are among the property types making home sellers the most money. Has the stigma finally shifted?

After nearly two decades living in London, the main reason I pictured myself moving to a new life by the seaside was the house that we found: a red brick Edwardian semi on a street lined with period properties. It was the only house I was interested in out of everything we viewed, because it was five minutes from the station, and crucially, resembled the Victorian streets of the capital I was reluctantly waving goodbye to.

“We’re definitely the youngest on our street by about 10 years,” says Johnson. “But the market for bungalows is shifting, certainly in Edinburgh.”don’t come cheap and Johnson and Hunter, who run a dance school together, began work in the summer of 2020, when cost and competition for materials and tradespeople were soaring. “It went to plan for the most part,” says Johnson. “The extension was accounted for in the budget of £180,000.

Prices are rising because new demographics are turning to bungalows as stylish family homes they can put their own stamp on. This means that those in their 20s and 30s are engaging in bidding wars with retired people, pushing prices up. As the high prices of city living and home working guide more workers to live in quiet suburbs and coastal towns.

 

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