As a property search agent responsible for my customer’s UK property search, I am fully aware of the million pound houses and the property prices in Sandbanks, home to many millionaires and their million pound houses.

However the influence of Sandbanks property prices helped by the Sandbanks estate agents seems to have spread beyond the boundaries of this tiny peninsula.

48 Pearce Avenue has set a new record and is currently for sale at £10.5 million. But this is not for the house as this will be knocked down, but the price is commanded for the plot of land that it sits on and which has recently received planning permission to build three houses which are all expected to reach a purchase price in the region of £6 million.

Sitting on1.13 acres of land this equates to paying £213 per square foot of land which will rise once the houses are completed to £366 per square foot.

In comparison a development plot on Banks Road Sandbanks recently sold for £319 per square foot of land and one of the most exclusive properties for sale on Panorama Road is priced at £374 per square foot of land.

However, Pearce Avenue sits 3 miles from the peninsula and its amenities, although like its counter parts properties on this road do offer uninterrupted views across Poole Harbour and some would argue gives residents better privacy.

Therefore on these statistics the land value on the peninsula still has the edge on Pearce Avenue if only just and although many high net worth developers have expressed an interests in this unique opportunity it is still currently available.

For further information please contact one of the leading Sandbanks estate agents.

For more information please contact:
Max Storey
Elite Property Search
Bristol and West House
Post Office Road
Bournemouth
BH1 1BL
Phone: +44 (0)1202 766566
info@elitepropertysearch.com
www.elitepropertysearch.com