Sandbanks – UK’s Monte Carlo

Sandbanks – UK’s Monte Carlo

Sandbanks is a small peninsula or spit (1 km2 or 0.39 sq mi) crossing the mouth of Poole Harbour on the English Channel coast at Poole in Dorset, England. It is well known for the highly regarded Sandbanks Beach and property value; Sandbanks has, by area, the fourth highest land value in the world.[1] The Sandbanks and Canford Cliffs Coastline area has been dubbed as “Britain’s Monte Carlo”by the national media!

There are exclusive homes both on Sandbanks and across the immediate region, stretching east from the Harbour to The Avenue (the eastern boundary of Poole). The adjacent areas of Lilliput,Branksome Park and Canford Cliffs, also have the largest concentration of expensive properties outside London. In 2005 a modest bungalow on the peninsula sold for three million pounds, despite its state of disrepair. The same bungalow, in the same condition, went on sale in 2007 for four million pounds, attracting further attention. Sandbanks’ properties have been adversely affected by the Financial crisis of 2007–2010, with a significant fall in house prices across the area.[5] However, in July 2009 a 1,393-square-metre (14,990 sq ft) empty plot of land on the peninsula was put up for sale for £13.5 million – the equivalent of nearly £10,000 per square metre

 

Added on: November 22nd, 2012

Category: CITIES, LIFESTYLE, MONEY

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