What is a Maisonette?

If you're looking into the property market, you have likely stumbled upon various types of housing types. Among these, the term "maisonette" may have piqued your interest. But what is a maisonette, and how does it differ from a house or flat?

In this insight, we are going to explain how maisonette's differ, cover its unique characteristics, and suitability for various living situations.

Key Takeaways

• A maisonette is like a flat in the UK, spread across multiple levels in a bigger building. In the United States, it refers to a two-level flat, usually at the top of a high-rise building.
• Maisonettes differ from flats in that they have their own entrance and stairs, providing more privacy. They may also come with a small garden, offering an exclusive outdoor space.
• Compared to houses, maisonettes are generally smaller in size, usually with not more than two bedrooms.
• Maisonettes can be either leasehold or freehold, depending on the ownership arrangement of the building. Pros of buying a maisonette include affordability, unique living experience, and bonus storage space, while cons include limited expansion options and shared responsibility for maintenance. Deciding to buy a maisonette depends on personal needs, lifestyle, and budget, as well as the specific features of the property. Mortgages are available for maisonettes, similar to houses and flats.

What is a Maisonette?

In the UK, a maisonette is like a flat that is spread across multiple levels inside a bigger building. It feels a bit like a small house because it has its own entrance and stairs. In the United States, the word 'maisonette' is used differently. It usually refers to a flat with two levels, like a penthouse on the top of a tall building.

In the mid-1900s, especially in cities, maisonettes became popular because there were more people looking for places to live, and cities were getting crowded. Maisonettes were a practical solution to this problem. They stacked living spaces on top of each other in the same building, so they could fit more homes in less space. This was a smart way to use the available land efficiently. After World War II, many cities faced a shortage of housing because of the war damage and more people moving in. Maisonettes offered a solution to this issue by providing affordable homes in areas where lots of people lived close together.

What is the Meaning of Maisonette?

The name 'maisonette' comes from French and means 'small house', which is quite straightforward. But the meaning of a maisonette changes depending on where you are in the world.

What is the Difference Between a Maisonette and a Flat?

Flats and maisonettes are similar, but they have some important differences. A flat is usually a one-level home in a building with other similar units. Flats usually have a shared entrance and common areas with other residents.

On the other hand, a maisonette is a two-level home with its own separate entrance that leads outside, giving you more privacy. Another big difference is in the outdoor spaces. Flats usually have shared outdoor areas, if any at all. But a maisonette might come with a small garden, sometimes just for you, which makes it feel more exclusive. So, maisonettes offer more privacy and often have their own outdoor space, making them a bit different from regular flats.

What is the Difference Between a Maisonette and a House?

A maisonette is a bit like a regular house because it has its own entrance and might come with a garden and garage. But the main difference is in the size. Houses are usually bigger with multiple floors and can have many bedrooms. In contrast, maisonettes are smaller and typically have only one or two bedrooms. So, they are like a smaller version of a house with some similar features, but usually split on each floor to form separate flats.

Are Maisonettes Freehold or Leasehold?

When you're looking at a maisonette, an important question to ask your estate agent is whether it's leasehold or freehold. If it's leasehold, it means you'll have to pay an annual ground rent to the owner of the building. Usually, maisonettes don't have service charges because they don't share common areas, except for some cases when there are shared outdoor spaces.

On the other hand, if the maisonette is freehold, you own the whole building, not just your part. This means you can collect ground rent from other residents if there are any. This situation is more common when an older building is converted into separate maisonettes. So, understanding the leasehold or freehold status is important as it affects your responsibilities and rights as the owner.

What are the Pros and Cons of Buying a Maisonette?

Like any property type, maisonettes come with their advantages and downsides. A balanced evaluation of these can help prospective buyers make informed choices.

Pros:

• Cost-Effective: Maisonettes often offer a more affordable entry point into property ownership, especially for first-time buyers.
• Distinctive Living: Unlike flats which follow a standard format, maisonettes can be more unique, providing a bespoke living experience.
• Additional Storage: Maisonettes often come with bonus storage spaces like garages or lofts, a feature typically absent in flats.

Cons:

• Limited Expansion Options: Unlike houses, maisonettes don't benefit from Permitted Development Rights, necessitating planning permission for large-scale home projects.
• Space Limitations: Maisonettes may not be ideal for growing families due to their limited size.
• Shared Responsibility: External maintenance work often requires cooperation from other occupants of the property.
• Living Above Shops: Living in a maisonette located above businesses, particularly in the catering industry, might expose you to everyday noise and smells. It's advisable to visit the property at different times of the day to get a sense of what living there might be like.

Is it a Good Idea to Buy a Maisonette?

Deciding if a maisonette is the right choice for you depends on your personal needs and preferences. If you're a first-time buyer looking for a smaller, more manageable space at a more affordable price, a maisonette might be a good fit. However, if you have a growing family or plan to expand your home significantly in the future, a traditional house could be more suitable.

Keep in mind that maisonettes can vary a lot in size, layout, and location, so it's important to consider these factors when searching for one. They are often found in city centers or areas with high demand for properties, making them popular among urban dwellers. However, you might not find as many maisonettes in suburban or rural regions.

Maisonettes offer a unique blend of privacy similar to houses and affordability like flats. Their distinctive setup can provide a delightful living experience for those who want something different from the standard property types. Ultimately, carefully considering your lifestyle and what you're looking for in a home will help you determine if a maisonette is the right choice for you.

Can you Get a Mortgage For a Maisonette?

Yes, you can get a mortgage for a maisonette, just like you can for other types of properties such as houses or flats. Mortgage lenders offer financing options for different types of homes, including maisonettes.

When applying for a mortgage for a maisonette, the lender will assess your financial situation, credit history, and the property's value to determine your eligibility and the terms of the loan. The process is similar to applying for a mortgage for a house or a flat.

Keep in mind that mortgage requirements may vary depending on the lender and the country you are in. It's always a good idea to shop around, compare different mortgage options, and consult with a financial advisor to find the best mortgage deal for your specific situation.

The Final Verdict on Maisonettes

To sum it up, a maisonette offers a special living space that combines features of both houses and flats. Whether a maisonette is right for you depends on your lifestyle, budget, and what you personally prefer. If you value privacy and the experience of living on multiple levels, a maisonette might be a great fit. On the other hand, if you prefer the traditional comforts of a house or the affordability and convenience of a flat, those options could be better for you. Understanding what each type of property offers will help you make the right decision for your needs and preferences.

Now you know the answer to 'what is a maisonette?', Remember, buying a property is a significant investment, and it's essential to consider all aspects before making a decision.