However, they could have the last laugh having enjoyed one of the highest price growths of any property type in Stamford, up by an average 426% increase in the last 20 years.
The
semi can now laugh in the face of its more upmarket detached counterpart, which
saw a rise of only 367% in the same 20-year period. Looking at smaller properties, flats/apartments
rose by 735%, whilst terraced houses only rose 219% (although they were
starting from a lower base and demand from buy-to-let landlords has had a big
part in driving the values on that type of house (i.e. the price a buy-to-let landlord is prepared to pay is driven by
the rent the landlord can achieve).
In 1996, the
average value of a Stamford semi stood at £52,100...
Today it
stands at £274,100
Such is the attractiveness of semi-detached homes, which are cheaper than detached houses but have most of the same benefits for families. Semi-detached houses were built in their hundreds of thousands by the Victorians and Edwardians between the wars and through to the present day. Interestingly in the late 19th Century and early 20th Century they often weren’t referred to as semi-detached, but as ‘villas’!
So, whilst Europeans live on top of each other in
apartments us Brits chose, in the late Victorian and early Edwardian era, ‘suburban
comfort’ and being near (but not too near!) to the neighbours! I once heard someone say the semi-detached house was a peculiar
crossbreed that doesn’t stand on its own - it is inseparable from its neighbour
yet somehow still embodies a dream of suburban independence.
Over 1 in 3 houses in Stamford
is a semi-detached house
There
are 3,226 semi-detached properties in Stamford and they represent 35.9% of all
the households in Stamford. Stamford has
such a mix of semi-detached properties with the older classic bay fronted semi’s to more modern ones
built in the last couple of decades. Especially
with the older ones, the semi offered a hall to provided separation between the
reception rooms and privacy for their occupants. Also the downstairs offered larger rooms to
accommodate dining tables, whilst upstairs, bedrooms were smaller, yet cosy.
However,
probably the most overlooked aspect of popularity for semi’s is the garden. The front garden, designed to separate the
house from the world, and the back garden designed for private relaxation. The semi in the suburbs was relaxing, well
presented, plumbed and enhanced by a garden, so that when a window was opened
the air had a chance of being genuinely fresh… and it’s for all those reasons why
95 semi-detached houses have been sold in Stamford in the last 12 months alone.
Still
as popular today as they were with the Victorians all those years ago – some things
just stand the test of time!
David Crooke
SALES & LETTING AGENTS
Email: david@upp-property.co.uk
Stamford: 01780 484 554 Oakham: 01572 725 825
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