Britain’s most expensive BUNGALOW has gone on the market – a ”dated” single-storey home on an exclusive stretch of coastline expected to fetch £4.5 MILLION.
The run-down pad is on Canford Cliffs, near Sandbanks, Dorset, where homes on one nearby street sell for more than £2 million.
It is located on a 1.5 acre plot with spectacular unspoilt sea views out to Old Harry Rocks and the Isle of Wight.
Reached via a private road, the four-bedroom property has a swimming pool complex with Savills Auctions saying it is “presented in dated decorative order”.
The 1960s property has an entrance hall, sitting room, dining room, study, kitchen, two toilets and a dental studio with waiting room.
It was built on the ruins of the Canford Cliffs Hotel, which was destroyed by bombing in 1941.
While consent is yet to be approved, the plot has “extensive scope for redevelopment”, with potential for the bungalow to be demolished and turned into a large family home or flats.
The bungalow, which was also used as a dental practice, will be auctioned off in London on September 26 with a guide price of in excess of £4.5 million.
Russell Taylor, Savills Auctions director, said: “The property was originally considered suitable for three houses, however, it was developed in its current form.
“This is now a sizeable site atop one of Dorset’s prestigious Blue Flag beaches, making this one of the most exciting lots to come to the auctions market in recent years.
“Subject to usual consents, it offers significant scope for extensive redevelopment and could deliver something spectacular along this sought-after stretch of coastline.
“We have already received significant interest from those based in the region and further afield and expect plenty of action in the auction room on the day.”
Canford Cliffs, near Poole on the south Dorset coast, is one of the UK’s most desirable places to live.
Savills research shows second-hand properties in Canford Cliffs sold for an average of £628,745 last year, almost treble the UK average.
It is next-door to Sandbanks where a home was recently sold for a record-breaking £8.1 million.
The most expensive home currently for in the area is a brand-new four-bedroom home which has a guide price just short of £6 million.
Colin Wilkins, Savills development director, added: “This is a rare and exciting opportunity to buy a parcel of land of this size in such a desirable location.
“We are already fielding a lot of calls from people who have got wind of its availability.
“We anticipate interest from developers and owner occupiers looking to create something very special in area where availability of land is scarce and uninterrupted sea views come at a premium.”