Share
twitterlinkedinfacebook
Image 1 of 1
BN_SandbanksPlot_29.jpg
BNPS.co.uk (01202 558833)<br />
Pic: PeterWillows/BNPS<br />
<br />
Sandbanks peninsula in Poole, Dorset.  Arrow shows location of plot on Banks Road.<br />
<br />
A humble holiday home a family bought for just £1,000 almost a century ago on the exclusive enclave of Sandbanks has turned into a luxury property now worth £5 million.<br />
<br />
The bungalow was bought new by Dr Edward Andreae in the 1920s when the practice of building on the sandy Dorset peninsula was questioned because of perceived issues over stability.<br />
<br />
Over the last seven decades the bolthole has been passed down through the generations of the same family until it fell into a state if disrepair.<br />
<br />
In 2011 Dr Andreae's great-grandson, Tim Baldwin, and his father Jonathan, made the drastic decision to demolish the 90 year old building and erect a new one in its place.<br />
<br />
They spent 580,000 pounds creating a luxurious beach escape on the 'Millionaires' Row' in Poole Harbour.<br />
<br />
The plot is now home to a sprawling seven bedroom, five bathroom property which experts believe to be worth around five million pounds - 5,000 times it's original purchase price.