Ex-Council House In Cornwall Sells For £1.4m
House prices in across the UK are rising, with small spaces of land often selling for six-figure sums in the capital.
In the south west of England, however, a former council house has sold for £1.4 million due to it's amazing coastal setting.
It was some £800,000 more than the guide price which began at £600,000.
Sunset House, in Porthmeor Hill, St Ives overlooks the stunning views of Porthmeor beach, and you couldn't live any closer to the sea if you tried.
Porthmeor is one of only eight beaches in the country to hold the Blue-Flag award.
The home-to-be boasts a reception room, two shower rooms, and a kitchen, as well as a basement. It was sold for its seven-figure total by the Devon and Cornwall Housing Group.
It's a bit of a Homes Under The Hammer jobby - starting with the rough outer shell, it needs a lot of work, but even with the hefty price tag - it could see a profit after some creativity.
The 1,300sq-ft of space also features a detached garage, with off-street parking and gardens - what more could you want?
It is described as being 'ideally situated on the seafront, with stunning, uninterrupted views across the coastline and water'.
The sellers add that it was a 'rare opportunity' to purchase a property in such a sought-after location, and that the work didn't put the buyers off.
Gary Murphy, partner and auctioneer at sellers Allsopp, said: "St Ives has always been a popular destination but the area has become increasingly sought-after.
"The 'Poldark effect' has no doubt helped to attract people to the town having highlighted the charm of the sea.
"Perched on the seafront, this property is a rare gem, with potential for modernisation into a beautiful family home, or a complete redevelopment of the site."
Compared to places in the country that saw house prices stay level, or even drop slightly, St Ives saw a 17 percent jump.
Devon and Cornwall Housing, which owns the property, said the proceeds would be spent on local affordable housing.
If £1.4m is out of your price range, then maybe an offering in Stockport, Manchester is more achievable.
A property measuring at just 176sq-ft was put on the market for just £70,000 earlier this year, and was noted as having 'the biggest heart'.
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