The £3m bungalow is to be demolished for a new build
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A run-down family bungalow in one of Britain's most expensive seaside resorts has sold for almost £3m.
The house in the Sandbanks area of Poole, Dorset, has been bought by an anonymous purchaser who now intends to demolish it and build a new home.
It is believed he intends to spend another £1m on the new build. Local estate agents said a similar new house in the area sold for £5m recently.
The bungalow, Flintshore, was in the hands of a family for two generations.
The bungalow is in the country's most expensive seaside resort
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It is thought it was built 50 years ago, at a cost of just a few thousand pounds.
The buyer also spent £200,000 for the use of a nearby garage as part of the £2.75m sale, which went through on Friday.
Francis Payne, a manager at local estate agents' Tailor Made, which sold the bungalow, told the BBC News website: "There's quite a few of these types of properties left in Sandbanks.
"But people do not tend to part with them, only once in a blue moon."
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