Over the last year, townhouses have experienced the biggest growth across new build, now making up 10.8% of the new homes mix. However, while this property type has previously been found predominately in London and the south east, the townhouse’s popularity is spreading - with an increasing number of these three storey, city living homes now becoming widespread in key cities across the country.
David Bexon, managing director, SmartNewHomes.com said: “The townhouse is a highly versatile property that appeals to a wide range of buying groups – young families, looking for an increasing amount of space; young professionals looking to move out of an apartment to take their second step up the property ladder and retirees, who are looking to downsize from their large family home, but who are still looking for a well sized property offering flexible space.”
The average price of a new townhouse is £238,822, compared with £243,351 for a semi detached home and £316,395 for a detached property, making it an affordable choice for home owners needing extra space.
“Historically, townhouses were predominately found in London and the south east. However, the growing demand for these property types, particularly in the north and north west, has seen this affordable property become commonplace throughout the UK, with large cities including Manchester and Leeds leading this revolution,” adds Bexon.
