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Jameo-
Well yes - but on the basis that the floor plan is too tight to do a proper stair up to a separate room up there, this brings the loft space into play. You could consider it as a luxurious master bedroom with a sitting / study loft over (nice for reading etc) or a room a family with kids are happy to share for a week or two.
Sheppz
For those with small houses / tight lofts - here's what my old man is doing to his morally reprehensible second home at the moment. Knocking out the ceiling over the front bedroom and making a mezzanine space above the rear. probably work quite well for family stays etc. Many lolz about rinsing the inheritance and all that... ok boomer.