 The �3m bungalow is to be demolished for a new build |
A run-down family bungalow in one of Britain's most expensive seaside resorts has sold for almost �3m. The house in the Sandbanks area of Poole, Dorset, has been bought by an anonymous purchaser who now intends to demolish it and build a new home.
It is believed he intends to spend another �1m on the new build. Local estate agents said a similar new house in the area sold for �5m recently.
The bungalow, Flintshore, was in the hands of a family for two generations.
 The bungalow is in the country's most expensive seaside resort |
It is thought it was built 50 years ago, at a cost of just a few thousand pounds.
The buyer also spent �200,000 for the use of a nearby garage as part of the �2.75m sale, which went through on Friday.
Francis Payne, a manager at local estate agents' Tailor Made, which sold the bungalow, told the BBC News website: "There's quite a few of these types of properties left in Sandbanks.
"But people do not tend to part with them, only once in a blue moon."
Recent research revealed Sandbanks to be the country's most expensive seaside resort, with the average property selling for �531,280.
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