A humble 1950s bungalow has gone on the market for £6 million – 20 times the average UK house price.
The three-bed single-storey home – known as Rigi – overlooks the beach at celebrity holiday hotspot Polzeath in Cornwall and is described as an ‘amazing development opportunity’.
The 2,170sq ft house – currently let out for more than £1,000 per week to holidaymakers – is being sold alongside a neighbouring chalet-style house.
The properties sit just a few feet away from neighbouring caravan pitches, separated by a hedge.
Estate agents Savills said the property already had planning permission for redevelopment and described it as: ‘An unbelievable opportunity to develop two frontline properties set in just under an acre on Tristram Cliff overlooking the phenomenal Polzeath beach.’
A humble 1950s bungalow has gone on the market for £6 million – 20 times the average UK house price
The three-bed single-storey home – known as Rigi – overlooks the beach at celebrity holiday hotspot Polzeath in Cornwall
It is described as an ‘amazing development opportunity’
The archetypal seaside bungalow with white rendered concrete block construction and tiled roof enjoys stunning views of the coastline
The archetypal seaside bungalow with white rendered concrete block construction and tiled roof enjoys stunning views of the coastline.
The village in this affluent part of Cornwall has also been a favourite with the likes of David Cameron, who enjoys trips there with his family and has been seen bodyboarding at the beach.
The former PM, who left Downing Street in 2016, owns a £2million holiday home in the village of Trebetherick, less than a mile from the beach.
The area is known for its numerous A-list and royal connections with chef Gordon Ramsay having a holiday home in nearby Rock while Gwyneth Paltrow is also looking to buy in Polzeath, according to reports.
The large sandy beach has also been popular with Royals over the years. Prince William surfed at Polzeath on his stag do, while Prince Harry took Meghan Markle for a romantic weekend there.
Estate agents Savills said the property already had planning permission for redevelopment
The properties sit just a few feet away from neighbouring caravan pitches, separated by a hedge
In recent years the beach has become a haven for anti-social behaviour
But in recent years the beach has become a haven for anti-social behaviour as teenagers descend at night and have been seen drinking, taking drugs, having sex and littering.
Last year infra-red CCTV cameras captured hundreds of kids as they started fires, dumped broken bottles and caused mayhem.
The problem gets worse when top private schools such as Marlborough, Eton and Harrow break up for term as kids from nearby luxury holiday homes come to party.
Andy Stewart, a former police officer who now works as a community-funded Beach Ranger tackling anti-social behaviour in the area hit out at the parents of the children, many of whom own million-pound homes in the village of Rock nearby, saying they ‘haven’t got a clue’ what actually goes on.
‘They think they are sending their kids to this utopia, where they are sitting on the beach, playing guitar and swapping phone numbers,’ he says.
‘They don’t realise there is excessive drinking, cocaine, nitrous oxide, underage sex and big fires.’
In June, a five-bed townhouse in Polzeath went on the market for 2.75million.
Gwel Tresla has incredible floor-to-ceiling windows looking out over the surf mecca of Polzeath, Cornwall, and even has a sky hammock to take full advantage of the panoramic views.
