Popularity of the Single Storey Residence moves into a different league

Single Storey Residence is such a great description for a bungalow. This was drummed into me by my then boss Richard in my early days of property transactions when bungalows back then were far less sought after and to avoid the misdiiscriptions act of 1991 it was a very acceptable factually correct terminology.

As we bid farewell to 2023 and enter into 2024 single storey properties are becoming increasingly popular with premiums specifically in our area of West Sussex.  The high demand is driven by the asset value of high-end bungalows, especially as our population ages and seeks the convenience of single-storey living.   Village living we have found has attracted many downsizing with the attraction of village pubs, stores and a community and living on one level can have many widespread reasons and not necessarily just for the older generation.

In recent decades many have been knocked down or replaced in larger plots, but many buyers recognise their unique potential as a bungalow as it’s known to most of us can suit contemporary design trends and open- plan, high ceilings rather than extending vertically.

This flexibility appeals to clients for various reasons, and architects can create forward-thinking eco friendly designs to modernise these bungalows discreetly.

As buying agents, we’ve observed this trend throughout 2023, and we anticipate it gaining even more traction in the next decade.

By Jennie Hancock – Founder & Director at Property Acquisitions.