Affordable bungalow purchased for £5,000 featuring breathtaking vistas of the lavish Sandbanks district, now listed for sale at £1.5 million.
In the sought-after location of Sandbanks, Dorset, a unique property opportunity has arisen. The bungalow situated on Shore Road, with direct access to the area's luxurious lifestyle, award-winning beaches, fine dining, and yacht clubs, is currently listed for sale at £1.5 million.
This property, which has been owned since 1957, was originally purchased for a mere £5,000. Today, that original price tag equates to around £170,000, showcasing the significant increase in property values over the years.
The bungalow boasts three bedrooms, a conservatory, a large lounge and dining room, patio doors opening onto the front garden, views of the harbor, a smaller kitchen and utility room, and an internal garage. The garden, quite large in size, also has potential for extension at the back. However, it's important to note that the bungalow is subject to a covenant that prevents it from being extended upwards.
Sandbanks has long been one of the most sought-after locations for property buyers in the UK. Among its past and present residents are Harry Redknapp, Celia Sawyer, and Tom Glanfield. The bungalow, located just a few hundred feet from the beach with views of the swanky area, offers the opportunity to purchase a home sitting on prime real estate.
For first-time buyers, the process can seem daunting. However, there are several options available to help. The government has introduced schemes such as Help To Buy and Shared Ownership to assist first-time buyers. It's also advisable to consider buying with another person to save on the amount needed for a deposit.
Before embarking on a property search, it's essential to set a budget and think about the location and size of the property. First-time buyers can consider cutting back on luxuries and saving consistently to accumulate a deposit. It's also recommended to talk to a mortgage broker and get your documents in order to understand your borrowing capacity and costs.
The record price for a Sandbanks property stands at £13.5 million, a testament to the area's desirability. If you're interested in this £1.5 million bungalow, it's worth noting that it's part of a probate sale. The search results do not provide information about the owner of the bungalow in Shore Road, Dorset, that was marketed for £1.5 million and owned since 1957.
In conclusion, this bungalow in Sandbanks presents a rare opportunity for those seeking a home in one of the UK's most sought-after locations. With its prime coastal spot, luxurious amenities, and potential for growth, it's an attractive proposition for both first-time buyers and seasoned investors alike.
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