14th February 2014
From the EDP
Norwich-based Richard Aldous, Savills head of new homes in the eastern region, looks at the strong appeal of single storey living.
At first glance there may not be any obvious connection between an ultra modern urban apartment building and, say, a traditional seaside bungalow. But in a way, once you get past the difference in scale and location, you could be talking about the same thing – single storey living.
Interestingly, we have had enormous success with high rise living with the sell out at Westlegate Tower. However, it seems that there is a demand too for single storey new builds.
Layout is, after all, just one of many factors that buyers take into account when choosing where they live. Having said that, ease of movement and the practical advantages of not having to negotiate stairs on a daily basis may be relevant in either context.
However, the commercial implications for developers of building a bungalow compared to a house or flatted scheme are very different. Put simply, bungalows take up more land and this helps explain why so few have been built in recent years.
Generally they only spring up in areas where they already exist or where low rise buildings are considered visually preferable. But they are incredibly popular – for the reasons of practicality above and, if they are new build, because of the modern specification and relatively low maintenance that come with them.
This means that when developers do bring single storey schemes to the market they tend to generate a great deal of interest. I say that new bungalows are scarce, and they are – until recently I hadn’t sold one in years.
This makes it all the more unusual that we have been selling two such developments – one in Attleborough which has sold out, and one in Holt where six of the nine have been sold.
And now we are getting ready to launch Circlet Place, seven architect-designed chalet style homes in Dodds Road, Attleborough by local developer Circlet Homes. These offer the benefits of a bungalow with living and sleeping arrangements downstairs but also provide additional accommodation in the roof space.
The specification includes steel frame construction with integrated insulation panels and gas fired under floor heating to all ground floor rooms. The scheme is due to come to the market and prices are to be confirmed, but interest can be registered now by contacting us.
For more information on the new homes market in Norfolk contact Richard Aldous at Savills Norwich 01603 229 222, email@example.com
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