Adrian Mole generation returns to the semi

Click to follow
The Independent Online

The semi-detached home that has been a staple of British comedy from Terry and June to The Secret Diary of Adrian Mole has attracted a fervent new following of homebuyers.

Semis are the only group of newly built homes to have enjoyed a rise in price over the past year, according to a report published today.

The price of the average new semi has risen by 10.7 per cent to £233,502 over the 12 months to April, and by almost 2 per cent last month alone, SmartNewHomes.com (SNH) said. This outstrips the 8 per cent reported for the housing market as a whole by Halifax bank.

Prices for all other new-builds fell in April, and townhouses were the only other category to post an annual increase, with a meagre 0.7 per cent rise.

Semi-detached homes are dominating the market for new homes, although the majority of newly constructed homes are flats and apartments. Despite an unbroken run of price rises since October, the semi-detached remains one of the cheapest property types in the UK.

David Bexon, the managing director of SNH, said: "The return of the semi-detached home demonstrates the continued demand for suitable family properties at competitive prices."

The traditional semi-detached home, which came to epitomise English suburbia, has suffered a fall in popularity since it took a starring role in Terry and June, the 1970s sitcom featuring Terry Scott and June Whitfield.

Overall, the price of the average new home fell by 3.1 per cent between March and April, led by a 6 per cent drop in the price of townhouses. Annually, prices are ahead of April 2005 by just 0.1 per cent.

The figures show that new-build homes have missed out on the surge in prices of owner-occupied homes since last autumn.

Comments