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A record for Poole property pricesProperty article last modified: 28/03/2008As property search agents with a specialist team dedicated to property in Sandbanks and surrounding area we are fully aware of the multi million pound houses and the property prices in Sandbanks. However the influence of Sandbanks property prices helped by the Sandbanks estate agents seems to have spread beyond the boundaries of this tiny peninsula. 48 Pearce Avenue has set a new record for Poole property prices and is currently for sale at £10.5 million. But this is not for the house as this will be knocked down, instead it is for the plot of land that it sits on. The land is so valuable as it has recently received planning permission to build three houses, which are expected to reach a purchase price in the region of £6 million each. Sitting on1.13 acres of land this equates to paying £213 per square foot of land which will rise once the houses are completed to £366 per square foot. In comparison a development plot on Banks Road Sandbanks recently sold for £319 per square foot of land and one of the most exclusive properties for sale on Panorama Road is priced at £374 per square foot of land. However, Pearce Avenue sits 3 miles from the peninsula and its amenities, although like their counterparts in Sandbanks, properties on this road offer uninterrupted views across Poole Harbour and potential better privacy for residents. Based on these statistics the land value on the peninsula still has the edge on Pearce Avenue if only just and although many high net worth developers have expressed an interest in this unique opportunity it is still currently available. UK Property News archiveTwo new properties soon to be completed ... full story » Farms for sale are in short supply... ... full story » Despite its reputation for prestige properties ... full story » Top end properties remain hot despite the market ... full story » Finding opportunities to purchase in St George's Hill ... full story » Pearce Avenue sets a record for Poole property prices ... full story » Elite breaks the £200 million barrier in Oxfordshire property ... full story » Competition for Oxfordshire's million pound houses heats up ... full story » More than 2000 streets have homes costing ... full story » Steve Atkins former head of Premier Mortgage Service ... full story » Where is the fourth most expensive place to live on the planet? ... full story » Many analyse the property market ... full story » Millionaire finds dream country house ... full story » Prime UK country property still in demand. ... full story » Waterside property search on the increase... ... full story » Can £70m buy you taste? ... full story » New research has found that the country house market ... full story » The best properties in Central London have risen by as much as a third in ... full story » A neglected pile has just been sold for £42m ... full story » According to recent Research one in every 223 properties ... full story » Nationwide's figures for May saw house price inflation slowing ... full story » Bristol is the UK's favourite property hunting location ... full story » House prices in England and Wales were up by 0.6 per cent in April driven by large increases in London the Land Registry reveals today. ... full story » UK house prices rose 1.1% between February and March according to the Department for Communities and Local Government (DCLG). ... full story » |
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