The chalet was sold in 1984 for �7,500

The brick chalet at Southbourne Beach, Bournemouth, Dorset, with a view over Poole Bay but no toilet, has been sold with 54 years left on its lease.

The hut was previously sold 20 years ago for only �7,500.

Solicitor Joss Payne, who handled both the first purchase and the current sale, told the buyer in 1984 he "was crazy to pay" �7,500.

"But how wrong can you be?" he said.

"That's been a pretty effective investment."