We're currently looking for a house in one fo a number of villages. It has raised in my mind the dilemma of how far do you rate location over size of house/garden and suitability to your family/lifestyle.
For example, in one village pricewise there is little between an extended semi-detached house with very small 4th bedroom, no ensuite, no garage but planning consent for one etc on a lane overlooking open ground, close to village centre, and one further along the main road, large 4 bed detached with scope for updating and 150' garden. The one in prime location is likely to sell very quickly and as we haven't got an offer on ours will no doubt escape serious consideration anyway, so the issue atm is purely rhetorical !
Where would you compromise ?