As the top Tewkesbury Estate Agents, we find it helpful to study the available data and examine the trends in people’s home-buying decisions. According to official figures, semi-detached houses account for a third of all residences in Britain, while terraced houses account for just over a quarter and detached houses for just under a quarter. Flats make up a far lower proportion of the housing stock, with only 12% of purpose-built flats and 5% of converted flats. The category “others” accounts for 1% of the total.

Types of Houses:

Along with providing different functionalities, different properties offer a range of pricing options and aesthetics. When you move from the city to the suburbs, British houses take on a completely different appearance. Outdoor space is found in 80% of British homes, yet it is unquestionably more expensive.

Detached Houses:

A house is defined as a self-contained dwelling with a front door and multiple bedrooms. It is considered detached if it is fully distinct from other structures and stands on its own grounds. Even if only the tiniest of alleyways separate it, it qualifies as detached. Detached homes are more expensive due to the additional solitude and quiet they provide. Semi-detached refers to a dwelling that shares a wall with another structure. According to the UK’s official house price index, the average price of a detached house in the UK is £342,000. The national average for semi-detached houses is £214,000.

Terraced Houses:

A terrace of houses is a row of dwellings that are all connected by walls. Although they are more popular in cities, a little terrace in the countryside is not uncommon. They were frequently erected by a landowner for the staff, or near a quarry or mine, because they were less expensive to develop. Terraced residences have a higher density, despite the fact that they frequently have small gardens or yards. They are less expensive than detached and semi-detached houses, costing £180,000 across the UK. They share at least one wall with at least one neighbour. Surprisingly, this is less expensive than flats, albeit “end of terrace” residences are frequently more expensive.

Terraced houses are sometimes referred to as “back to backs” in densely populated cities. This essentially means that they are a structure with only one external wall, which is in the front. They do not have a backyard or garden, unlike other terraced houses. A back to back in a city like Leeds may be found for £50,000, despite the fact that the average price of a terraced property is around £180,000.

Bungalow:

A bungalow is a residence that is entirely on the ground floor. Although they are less expensive to construct than houses, they can be expensive for a number of reasons. These include the high price of real estate in the UK, their inefficient use of land and popularity among the aged and handicapped. They also have the option of adding an extra storey, which means that selling a bungalow is rarely an issue.

Cottage:

A cottage is a tiny, self-contained dwelling. Although they are more common in rural areas, they can also be found in towns and cities.

A beautiful older property can easily cost more, and while they tend to preserve their value, they also come with higher maintenance costs and planning restrictions that limit your options. If you purchase a ‘listed’ house, there will be stringent building and decorating restrictions.

Flats:

Flats are residences within common blocks and buildings, and are often referred to as apartments these days. They are single-story properties in a multi-story building. Despite the fact that they are self-contained, they frequently share an entrance with other houses. Flats with private gardens are known as ‘garden flats’. 

In the United Kingdom, the average cost of a flat is a little over £202,000. However, flat prices have only grown by 1% in the last year. Semis have increased by 5.3 percent, terraced homes by 4.7 percent, and detached houses have increased by 3.8 percent. In fact, the prices of apartments in London fell by 0.8% in May 2018.

Flats can be built like residential tower complexes or partitioned from bigger houses. This is commonly referred to as flat conversion. Converted dwellings are ideal for “maisonettes.” Flats with two floors and a separate entrance are known as duplexes. 

People’s wants for homes vary greatly, and it often depends on where they are in their lives as well as their property journey. Choose the property type that best meets your needs from the list above.