I guess there's bungalows, and then there's bungalows. My friend in the south of France has a gorgeous bungalow. The bedrooms and bathrooms are all down one corridor, separate from the living and dining area. Outside each bedroom is a little patio overlooking a soothing waterfall. The kitchen at the end of the dining room isn't huge, but it is hexagonal shaped and is light with windows on all sides. The plot, like most bungalows, has a compact garden all round.
The value of the property is only 1/3 of that of my old poky London townhouse which just about had a pocket handkerchief sized garden at the back.
Here in Devon, bungalows fly off the shelf and are often more expensive than houses. We bought one a couple of years ago and transformed it on a modern coastal theme. Everything, including new kitchen, is natural pebble colours with splashes of blue. No clutter, double width garage, large kitchen/diner with marble table leading onto light blue decking ourside. I love it, but now inspired by the works of Klimt, I'm about to try some golden arty décor in the bedrooms. The thing about smaller rooms in bungalows is that you don't need as many rolls of wallpaper, so can go all out and spend more on something nice!!