A Millionaires’ Row home bought for £1.5million has doubled in value… after it was knocked down

Sold: This bungalow was bought for £1.5million before being promptly demolished by the buyer


Gone: The one-acre plot is now standing completely empty – but it is set to sell for £3million because it has planning permission attached


Replacement: Architects’ plans show how the space will be filled by a modernist five-bedroom home worth £5million


Close-up: The house is set to include five en-suite bedrooms, a home cinema and a gym


Work in progress: The site is currently boarded off but is nonetheless on the market for £3million


Scrubland: In the bizarre world of the Sandbanks property market, empty plots can be more valuable than actual houses


Potential: The plot’s value comes from its strategic position overlooking the sea in the exclusive resort


Interior: The open-plan living space envisaged for the home will give excellent views of Poole Harbour


Entrance: The modern design is in stark contrast to the traditional ambience seen before


Night-time: An artist’s impression of how the home will look after dark


Desirable: It is the position of the house on the edge of Poole Harbour which explains its inflated price tag


Looking out: The view from the beach out over the harbour


Satellite: This image shows the bungalow located near the beach in Sandbanks


Plan: A diagram showing the layout of the house, including the home cinema where the lucky buyer can relax


And here’s what you could buy for £3million outside Sandbanks!

Town house: This home near London’s Borough Market became Britain’s most expensive council house when it was sold for £3million; it was subsequently taken over by squatters


Scottish mansion: The Frognal estate in Troon, South Ayrshire, was bought by record lottery winner Colin and Christine Weir for £3million, having previously been run as a hotel

Frognal House-JS

Masterpiece: Head on a Green Sofa, a 1961 portrait of Belinda Lambton by Lucian Freud which the artist considered one of his greatest works, was bought at auction last month for just under £3million


Sports car: The Lamborghini Veneno is the most expensive car ever built, with a sticker price of £2.8million; only three were ever produced, and each one found a buyer