I think that a house at the bottom of a hill is at the wrong end of the hill! No views, and a terrible slog without a warm-up. I live in a steep-sided valley. Either I ride straight up the side of the valley, or I have to ride on the busy A-road along the valley bottom. I would much rather live at the top of the hill with spectacular views, quiet roads outside my door, and the option of riding down to the valley if I wanted to.
Mind you, being able to nip along the A-road to the shops on my singlespeed bike is nice. There is no way that I would want to ride back up the steep hill with 10-15 kgs of shopping in my rucksack!