
30 Jan The decline of Bungalows and the Rise of Park Homes.🏠
Bungalows have long been a popular choice for those looking to downsize to single storey living. However, recent trends in the housing market show a steep and significant decline in the construction of new bungalows across the country, creating a gap that park homes are stepping in to fill.
The Bungalow Market Decline
According to research from over-50’s property specialists, Quick move Properties, the construction of new bungalows has fallen dramatically. In 2000, bungalows made up 6.9% of all new-build completions. By 2020, this had plummeted to just 1.2%. Despite this decline, demand for bungalows remains high, particularly from downsizers, who make up a third of all moves.
This demand for single-storey accommodation and lack of supply has seen bungalows in desirable areas become ever more expensive.
With fewer and fewer bungalows being built, many buyers who want single-storey homes without the high cost of traditional construction or the hassle of modernising older properties are turning to park homes.
Modern Park Homes: The Affordable Alternative
At Warfield Park, we are meeting this demand by offering new luxury park homes that are broadly similar to traditional bungalow, but with the added benefits of modern specifications, modern manufacturing techniques, community-oriented living environment all designed for those seeking an affordable, modern alternative to traditional bungalows.
One of the key advantages of park homes is their affordability. While the average price of an existing or new build bungalow in Surrey or Berkshire is around £600,000 or more an equivalent new park home in the same area is priced at approximately £495,000. That’s a saving of over £100,000, making park homes an attractive option for those wanting a high-spec, low-maintenance, and affordable single-storey living space.
A Closer Look at the Price Difference in Surrey & Berkshire
The affordability of park homes is evident when comparing them to new bungalows in Surrey and Berkshire. Here’s a breakdown of the cost difference:
Location | Est Park Home Price | Est Bungalow Price | Difference (£) | Difference (%) |
Surrey & Berkshire | £495,000 | £600,000+ | -£105,000+ | -17.5% |
A Sustainable Solution for Downsizers
Park homes offer an affordable, high-quality alternative to bungalows, without compromising on lifestyle. Park homes are built using some of the latest modern manufacturing techniques, ensuring they are durable, energy-efficient, and offer premium features throughout. Plus, with residential parks offering a sense of community, park homes are ideal for those looking for a peaceful, neighbourly atmosphere.
The demand for bungalows remains high, but developers find them less profitable compared to other types of housing developments. As a result, the supply of bungalows is limited, which is where park homes come in. They provide the same appeal of single storey living with the added benefits of affordability, high specification, and a supportive, close-knit community
What’s the difference
A key difference between bungalows and park homes lies in their construction. While bungalows are typically brick buildings, providing a sense of permanence and traditional architectural design, park homes are constructed using a timber frame on a steel chassis. Despite these differences, both offer single storey living, catering to those who prefer a home without internal stairs cases and easy accessibility.
Conclusion
For those looking to downsize or simplify their living arrangements, the modern park home present a compelling and appealing option. Not only are they more affordable than traditional new-build bungalows, but they also offer the convenience of single-storey living with high-end finishes, in desirable locations, and within secure, welcoming communities. With 63 new park homes currently under construction at The Paddocks at Warfield Park, it’s clear that park homes are the future for many downsizers seeking a modern, cost-effective, and community-oriented lifestyle.
If you’re interested in learning more about our park homes and how they compare to the average cost of new bungalows in Surrey or Berkshire, don’t hesitate to get in touch. Contact our sales team via 01344 884 666 or email enquiries@warfieldpark.co.uk
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