Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (1305)	1/3/2002 12:10:29 AM
From: Les H	Read Replies (1) \| Respond to of 306849

£90 beach hut sells for £120,000 A timber beach hut which fetched £90 in 1944 has sold for £120,000. The Times newspaper says the 68-year-old property, which overlooks Chesil Beach in West Bexington, Dorset, was expected to sell for £59,000. At a private auction, the hut, which has two bedrooms, a lounge and a kitchen, attracted 25 bidders and went for more than double the estimate. The new owner, Ros Llewellyn, from Chard, Somerset, bought the chalet as a holiday home for her two married children and grandchildren. She told The Times: "We have been coming to West Bexington for years and had our hearts set on the chalet for some time." The property was sold for £90 to the Brown family in 1944 and has been handed down successive generations. It is one of 14 properties built on the beach in 1934, which are all supplied with mains electricity, water, sewerage and telephone lines. For the past 10 years it was jointly owned by Helen Turner, her brother John Brown, and her aunt Denise Cochrane. They had been making less use of it as they got older and decided to put it on the market. Ms Cochrane told The Times: "I thought £80,000 would be the absolute ceiling but I could not believe the price it went for. It's incredible."