Affordable bungalow purchased for £5,000, boasting breathtaking vistas of the luxury haven Sandbanks, now listed for sale at £1.5 million
Article Title: A Prime Bungalow in Sandbanks: A £1.5 Million Opportunity
Nestled just a few hundred feet from the pristine beaches of Sandbanks, a luxury millionaire's playground, lies a unique property that has caught the eyes of many. This bungalow on Shore Road, Dorset, offers more than just a seaside view, but a chance to own a piece of prime real estate.
The bungalow, built in 1957 and recently marketed for £1.5 million, has a rich history. It was purchased for a mere £5,000 nearly 70 years ago. Among its past and present residents are notable figures such as Harry Redknapp, Celia Sawyer, and Tom Glanfield.
The property boasts three bedrooms, a conservatory, a large lounge and dining room, and patio doors opening onto the front garden. It also offers views of the harbor and a smaller kitchen and utility room. One of the standout features is the internal garage, a rarity in many modern homes.
The bungalow's location is its most significant selling point. It is situated in a fabulous coastal home that offers direct access to the Sandbanks lifestyle. The property is subject to a covenant that prevents it from being extended upwards, but the new owner won't be limited to just the indoor space. The property has a quite large garden and potential to extend at the back.
Sandbanks has become one of the most desirable home locations on the planet. With a record price for a Sandbanks property reaching £13.5 million, this bungalow offers a more affordable opportunity to purchase a home in this exclusive area.
For first-time buyers, the journey to homeownership can seem daunting. However, with government schemes like Help To Buy and Shared Ownership, and the option to buy with another person to halve the amount needed for a deposit, getting onto the property ladder is possible.
To embark on this journey, it's essential to have a realistic property search. This includes setting a budget for the property price and realistic expectations about location and size. Talking to a mortgage broker can help understand how much you can borrow, what monthly payments will be, and the upfront costs.
First-time buyers can also cut back on luxuries and start saving for a deposit and purchase fees. By being proactive and informed, owning a home in Sandbanks could be within reach.
This bungalow is being sold as part of a probate sale, offering a chance for a new chapter in its storied history. It's more than just a property; it's an opportunity to become part of the Sandbanks community and enjoy the luxurious lifestyle it offers.
