Beachfront home sells for £6MILLION in posh UK seaside resort… but will be demolished immediately

A LUXURY four-bedroom beachfront property has sold for a whopping £5.3million – but is now set to be demolished. The stunning two-storey house was built in the 1960s and sits in the famous Sandbanks peninsula in Poole Harbour, Dorset. The house in its current state has four bedrooms, three bathrooms, and sold for £5.3m Credit: BNPS The 1960s property is on the ‘panhandle’ of the exclusive Sandbanks peninsula in Dorset Credit: BNPS Samphire Sands boasts dual aspect views of the harbour at the front and Sandbanks beach to the rear, but may be demolished just 22 months after being snapped up for £5.3m. The current freeholder secured planning permission for the waterfront home to be knocked down, so an even bigger property can be built in its place. Sign up for the Money newsletter Thank you! The new home will have a large open plan living area, four bedrooms, a study, a gym, a jacuzzi, sauna, steam room, a lift to all floors and balconies to the front and back. Once completed, estate agents estimate it could be worth £10m. Estate agents believe the property could be worth £10m if and when it’s rebuilt Credit: BNPS The Sandbanks peninsula is one of the priciest postcodes in the UK Credit: BNPS The owner has now listed it for sale with Sandbanks estate agents Tailor Made. Adrian Dunford, of Tailor Made, said: “Quite often on Sandbanks the value of the land is worth more than the house that is on it because it is all about the potential. “In this case the land value isn’t too dissimilar to the value of the actual property. “I would imagine a scenario where somebody buys the house and lives in it for a year so they can get a really clear idea of what rooms they use the most, what views they want to make the most of and where the sun comes up and goes down. Most read in Money The 1960s four-bedroom home has stunning views in both directions Credit: BNPS The harbour view living area in the current property Credit: BNPS ‘Samphire Sands’ was only purchased for £5.3m in 2024, but could soon be demolished Credit: BNPS Plans have been submitted for a much more modern home on the site of the property Credit: BNPS “They might then make some alterations to the plans for the three storey house that have already been approved to make it more bespoke to them. “It would probably cost about £3m to build and at the end of it they will have a house worth £10m. Which celebrities live in Sandbanks? The exclusive south coast peninsula of Sandbanks may stretch less than two miles from the Dorset coast – but it still has its fair share of celebs. Former Spurs manager Harry Redknapp is arguably the most famous face on Sandbanks, having lived in the area for more than 20 years and re-developed several luxury properties. Harry Redknapp’s £12.5m ‘Italian-style’ Sandbanks home Credit: BNPS Sandbanks is less than two miles long and one of the most exclusive neighbourhoods in the UK Credit: Alamy The former footy boss bought a Sandbanks home for £7m in 2022, before winning a furious planning row with neighbours and transforming it into an “Italian-style” villa worth £12.5m. Redknapp’s former footballer and Sky Sports pundit son Jamie lives nearby, while England legend Paul Gascoigne is also known to locals. Continuing the footy theme, Jamie’s former Sky colleague Graeme Souness is local to the area, while celebrity chef Rick Stein has a Sandbanks restaurant. Grumpy presenter Karl Pilkington also has ties to the wealthy enclave, after buying a property in Sandbanks for £2m in 2015. Going back even further, legendary Beatle John Lennon bought a Sandbanks bungalow for his Aunt Mimi in 1965. The modest home has since been redeveloped into a six-bedroom property, named ‘Imagine’ after Lennon’s seminal solo track, and went on sale for £15m earlier this year. Comment now