3 and 4 bed bungalows

Marengo

I wonder if someone can tell me, in percentage terms, the usual difference in price between a 3 and 4 bedroom bungalow.

I follow the local market quite closely and have worked out the average price for a nice 3 bed bungalow is about £155k (rural small town Scotland!) so what should a 4 bed be? there a couple on the market now I fancy but feel they are a bit over priced. Both have been on the market for some time.

Marengo

just thought I would bump this back up before everyone goes home for the day! anybody got any thoughts?!

firstaspect

Have any similar places sold recently in your area? That's the best way to gauge what a house is currently worth.

themull1

18o - 220 ish maybe?

mufi

There's no formula - we've looked at 3 bed bungalows that were more expensive than 4 beds. All comes down to location, plot size, quality of build, kitchen size, separate study etc, estate or non-estate et al. Many of the 4 beds are described in glorious EA linguistics as 'deceptively spacious'; if ever a phrase was designed to have me scarpering in the opposite direction, it's that one.

And if someone's bunged a fourth bedroom in the roof space, as far as I'm concerned it's still a three bed - if I wanted an upstairs bedroom, I'd buy a house for less money.

Perhaps you'd be prepared to put up a link or two?

lincroft1710

4 bed bungalows aren't that common and are often in better areas and may also have 2 reception and a cloakroom and/or ensuite. So they are likely to be quite a bit more than a 3 bed.

neverdespairgirl

It's not just about no. of beds, though. You could have a 1,000 sq ft 4 bed, and a 2,500 sq. ft 3 bed.

Marengo

Thanks to everyone for the helpful words, I tried to post links to the Estate Agent website with the house and a similar one but being a new poster it wouldn't let me!

Suppose my question was if, broadly speaking, in the same estate or scheme a 2 bed was £130k and a 3 bed £155k would the similar in style and standard 4 bed be £180k.........or does the jump get less the bigger the house?

vectistim

A very bad way to do it is by square footage, eg: the 3 bedder might be say 750 sq ft at £250 per square foot.
the 4 bedder might be 1,000 sq ft but it tends to be the case that £/sq ft often goes down as size goes up, so it might be £240 per sq ft (all else being equal and again pointing out this is a bad method and you don't know how constant or not the relationship is between price and size)

You can get sizes from the EPC in sq metres.