![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/our-house-was-bought-for-7000-and-now-were-selling-for-9million-it-has-a-unique-feature/&media=https://uknews.evprotec.com/wp-content/uploads/2023/07/newspress-collage-23064329-1689370190413.jpg&description=HOUSE ABOUT THAT Our house was bought for £7,000 and now we're selling for £9MILLION – it has a unique feature A FAMILY home that was bought for just £7,000 is now on the market for a staggering £9million. Stephen Bailey and his three sisters Hilary, Alison and Nicola, inherited the Sandbanks property, with views of Poole Harbour from their grandfather. 3 A six-bedroom property bought for £7,000 is now worth £9million Credit: BNPS 3 It has increased in value by 1,200 times and is on the market for the first time in 80 years Credit: BNPS Oswald Bailey, an entrepreneur, bought the six-bedroom house in 1945, when the area was yet to become a tourist holiday hotspot. And, his property investment paid off - as the 105-year-old home is now 1,200 times more valuable. But, the next buyer will have to fork out a lot more than the original price - as it's on the market for the first time in 80 years for £9million. Sisters Alison and Nicola still live in the property but brother Stephen said: "We have never had any money out of the house because the home has always been the important thing, not the money. "But inheritance tax is driving the sale now." "It is very sad but we have accepted it now. It will obviously be a wrench for all of us, especially my two sisters who live there", the 68-year-old added. The siblings acknowledged the real possibility their beloved childhood home will be demolished to make way for new flats. Stephen recalled nostalgic memories of rowing across to Brownsea Island from the bottom of their garden - which featured a private beach until the 1960s. "My father had a 45ft motor boat and moored it in the harbour and he would just take us off to France in it," he added. "We knew Sandbanks was getting expensive when the house next door sold over 20 years ago for over £1m. Within two years it sold again for £3m." The three-storey house boasts a kitchen, dining room sitting room and office on the ground level. Up the stairs house hunters will find four bedr){kind=link}
A FAMILY home that was bought for just £7,000 is now on the market for a staggering £9million.
Stephen Bailey and his three sisters Hilary, Alison and Nicola, inherited the Sandbanks property, with views of Poole Harbour from their grandfather.
Oswald Bailey, an entrepreneur, bought the six-bedroom house in 1945, when the area was yet to become a tourist holiday hotspot.
And, his property investment paid off – as the 105-year-old home is now 1,200 times more valuable.
But, the next buyer will have to fork out a lot more than the original price – as it’s on the market for the first time in 80 years for £9million.