Released on: March 10, 2008, 4:07 am

Press Release Author: kevin Smith

Industry: Real Estate

Press Release Summary: As a property search agent responsible for my customer’s UK
property search, I am fully aware of the million pound houses and the property
prices in Sandbanks, home to many millionaires and their million pound houses.

Press Release Body: As a property
search agent responsible for my customer’s UK property search, I am fully aware
of the million pound houses and the property prices in Sandbanks, home to many
millionaires and their million pound houses.

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 and is currently for sale at £10.5 million.
But this is not for the house as this will be knocked down, but the price is
commanded for the plot of land that it sits on and which has recently received
planning permission to build three houses which are all expected to reach a purchase
price in the region of £6 million.

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 its counter parts properties on this road do offer uninterrupted views across
Poole Harbour and some would argue gives residents better privacy.

Therefore 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 interests in this unique opportunity it is still currently available.

For further information please contact one of the leading href=\"http://www.elitepropertysearch.com/local/Sandbanks_local_estate_agents.html/\">Sandbanks
estate agents.

Web Site: http://www.elitepropertysearch.com

Contact Details:

For more information please contact:
Max Storey
Elite Property Search
Bristol and West House
Post Office Road
Bournemouth
BH1 1BL
Phone: +44 (0)1202 766566
info@elitepropertysearch.com
www.elitepropertysearch.com