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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 archiveOriginally reported in Dorset Business. ... full story » ... full story » ... full story » ... full story » ... full story » Alistair Darling's stamp duty announcement in the recent budget may lead to a short-term sharp rise in demand for properties worth £1million or more according to a BBC report. Under the new rules stamp duty will be increased to 5% ... full story » In recent years the UK has seen a lot of activity in the £1 million plus property market. 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