A newly listed bungalow in North Leeds, marketed for its unusually adaptable floorplan, is a modest news story on its face — but it points to a far larger structural issue in the UK housing market: the near-disappearance of the single-storey home from the national building pipeline. Bungalows once accounted for close to 10 per cent of the UK's housing stock in the postwar decades; today they represent barely 1.5 per cent of new-build completions annually, according to NHBC data. In a market like North Leeds, where postcodes such as LS17 command premiums well above the city average of roughly £245,000, a well-configured bungalow with genuine flexibility is not simply a lifestyle property — it is a scarce asset class in its own right.