A Dorset bungalow bought for just £1,000 a century ago has been turned into a luxury seaside home - and is now worth £5 million.
Dr Edward Andreae paid the equivalent of £40,000 in today's money to snap up the humble home on the now-exclusive Sandbanks peninsula in Poole Harbour back in the 1920s.
The holiday home was passed down through generations but eventually became rundown.
Then, in 2011, Dr Andreae's great-grandson, Tim Baldwin, and his father Jonathan, made the decision to demolish the building, and replace it with a luxurious beachfront home.
They spent £580,000 creating the seven-bedroom, five-bathroom pad, and it is now worth a whopping £5 million (5,000 times more than its original price).
The property, called Hook Sands, is clad in larch wood and has a garden that backs onto the beach.
Mr Baldwin, 33, an interior designer, now rents the property out to holidaymakers from April to October for up to £4,100 a week.
Speaking to the Daily Mail, he said: "It was a very special place to me and when the bulldozers came in and the house came down I thought I would be a lot sadder, but it's all about the location and the views.
"We wanted to create a contemporary house that was going to last for another 100 years.
"I'm really looking forward to taking my daughter, who is 10 months old, to the property for holidays so she can do the same things I did as a child."
Sandbanks, known as Millionaire's Row, is a small peninsula crossing the mouth of Poole Harbour on the English Channel coast at Poole in Dorset.
It's a hotspot for the rich and famous, with Harry Redknapp and his son Jamie, as well as retired football manager Graeme Souness, owning multi-million-pound harbour-front homes there.
At less than half a square mile, Sandbanks has, by area, the fourth highest land value in the world.
Property prices in the area were knocked by the financial crisis, but are now booming again. According to the Bournemouth Echo, a Sandbanks bungalow that was bought for £1.5 million doubled in value - after it was knocked down.
The land alone, a tenth of an acre, and its planning permission to build a five-bedroom home, saw the plot on the water's edge, with its own private beach, go on the market for £3m.
See more star-worthy holiday pads for rent below:
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Beachfront bungalow 'bought for £1,000' turned into luxury £5m holiday home
A super-luxe private island in the Turks & Caicos with rooms, suites, villas and private residences, Parrot Cay by COMO has a house owned by fashion designer Donna Karan, which she designed herself. The Sanctuary is a Caribbean villa rental comprising a main house with three bedrooms and two four-bedroom guest houses, which you can rent individually. It exudes a peaceful, wholesome spirit according to Karan's hallmark and features warm wood and cool limestone interiors, as well as antiques from Donna’s global travels. There's an incredible spa house which isn't usually open to guests, but Donna has been known to make it available for those booking the entire residence.
Comedy actor Vince Vaughn has a stylish three-bedroom townhouse in the trendy River North area of Chicago, with plush leather recliners, a rooftop deck offering sweeping views of the city and a custom-designed home theatre for you to watch his films in a cinema-style setting! According to Zillow, Vaughn's home can be rented for $9,500 (£6,000) a month and comes with a three-car garage and four bathrooms.
Mischa Barton's ivy-clad home in Beverly Hills costs a cool $27,000 (£17,200) a month to rent and comes with a pool, spa and stunning views. The actress's home in a gated neighbourhood has eight bedrooms, landscaped gardens and a pretty vine-covered patio.
Love interior designer Linda Barker's style? You can rent the TV personality's stunning hacienda-style villa, located 10 miles from St Tropez in the midst of the wooded hills of the Var. Villa Libelulle is a cool oasis, with oversized Moroccan lamps surrounding the riad-style courtyard swimming pool, crisp linens, a hint of stylish shabby chic mixed with influences from local antique markets and wow pieces like the enormous chandeliers, all picked by Linda. The five-bedroom villa, which sleeps 12, also has a sunset deck with stunning views of the valley below - ideal for an aperitif or yoga! Villa Libelulle costs from £6,770 per week.
Live like Baywatch babe Pamela Anderson in Malibu at her teak-sided beach house for a perfect Californian escape. According to Zillow, the blonde bombshell's property costs $50,000 (£32,000) a month to rent and is the ideal place to "reconnect with nature while enjoying one of the finest homes Malibu has to offer". It comes with three bedrooms, three bathrooms, an open living room and kitchen design with a home theatre and black baby grand piano.
Live it up celeb-style at Peter Andre’s Cypriot home, Sunkissed Villa in Larnaca, which really offers the 'wow' factor. The villa features a large circular living area, a huge flat screen with satellite TV on the wall and a dome-shaped ceiling which changes colour. Outside, there’s a large private pool and private tennis court, and if you want to take a dip in the crystal clear sea, Pervolia, where the holiday home is located, is famous for its unspoilt beach. Sunkissed Villa has four bedrooms and sleeps up to eight, costing from 2,695 euros (£2,300) per week.
Interiors guru Kirstie Allsopp transformed her North Devonshire cottage before our very eyes on Channel 4’s Kirstie’s Homemade Home. Idyllic retreat Meadowgate, which sleeps 14, is available for large groups of families and friends to hire. Kirstie’s unique style can be seen throughout and the home is in total seclusion within National Trust-protected Welcombe Valley, and just a walk away from Welcombe Mouth on Devon’s north coast. A week’s stay costs from £1,836.
Supermodel Cindy Crawford's Malibu beach house has been described as impeccable as she is. The house costs $19,500 (£12,400) a month to rent and according to Zillow, it is located in a "private and serene" space, just north of famed Broad Beach. Here you'll find sea views in almost every room and a deck with steps leading straight to the sandy beach. You might be lucky enough to bump into Cindy too as she owns another beach house just up the road.
Fancy hiring your own private island? How about Richard Branson's Necker in the British Virgin Islands? It might cost a cool £275,800 a week to rent but Branson's Caribbean holiday island boasts eight guest rooms in the Great House and six Bali Houses dotted around the island, sleeping up to 30 adults. You can set your own menu and mealtimes, kick back at the Beach Pavilion with its large bar, cinema and entertainment area, and just enjoy lazing around your own luxury Caribbean island.
Sample the Premier League footballer lifestyle and stay at Coleen and Wayne Rooney's seven bedroom Exclusive Villa within the Royal Westmoreland estate in Barbados. The villa is an A-list hideaway in the full-service resort, with in-villa chefs available, a state-of-the-art gym, golf lessons and a beach bar and restaurant on Mullins Beach. Sleeping 14 guests, the villa costs from £1,320 per night and you may even bump into Jo Calzaghe and Andrew Flintoff, who also own Royal Westmoreland homes.
Make like a rock star and escape to Mick Jagger's holiday home Stargroves in Mustique. The Japanese-inspired beachfront villa takes the form of seven private pavilions linked by raised walkways and nestling among stunning coconut palms with sweeping views of L'Ansecoy Bay. It sleeps up to 10 and costs from £150 per person per night, including a staff of six and use of a Jeep during your stay.
If you fancy a true Italian escape, look no further than Sting and Trudie Styler's sprawling estate in the hills of Florence. Il Palagio offers everything you could ever want from a Tuscan break - the rolling countryside, spectacular views and beautiful vineyards, which means lots of wine too! With a main villa and two large villas it's ideal as a holiday rental or for a wedding abroad (from 9,000 euros per week for five guests) and features a large swimming pool, stables, gardens and a tennis court.
Like the high-life? See these high-priced hotels across the globe:
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Beachfront bungalow 'bought for £1,000' turned into luxury £5m holiday home
Guests staying in the Imperial Suite at the Park Hyatt Vendôme, Paris can relax in the In Suite Spa, which gives them their own whirlpool bath, steam room, shower and massage table. There’s a huge living room and balcony, a separate dining room, bar and work area along with state of the art TV and sound systems. Cost per night: £12,314
The Ritz-Carlton Suite at the Ritz-Carlton Hotel, Moscow offers amazing views of the Kremlin and Red Square - which is just one of the reasons why you won’t want to leave your room. Guests are offered five meals a day and the suite has its own library, office room, boardroom, grand piano and dining area - so you’ll have everything you could possibly need at your fingertips. Rooms are furnished in the classic Russian imperial style and if you want to relax there’s flat-screen TVs and top-of-the-range stereo systems and, let’s not forget, your very own sauna. Cost per night: £10,814.
If you dream of relaxing in opulent rooms surrounded by fine antiques, you’ll love the Royal Suite at the Four Seasons George V, Paris. There are two Royal suites in the hotel, both on the first floor with access to a private terrace overlooking the historic fountain of the Three Graces. Each boasts a marble entrance foyer, kitchen and dining area, master bedroom with marble bathroom, steam room and sauna. But it’s the decor that’s most impressive: the entire suite is furnished with French antiques and traditional fabrics and paintings dating from the 18th and 19th centuries. It’s like spending the night in a private museum. Cost per night: £10,963.
If you’ve been dreaming of an opulent hotel room, then it’s hard to beat the Royal Suite at the Burj Al Arab, Dubai. Guests enter the 25th floor suite via a private lift, then climb a marble and gold staircase to the master bedroom, which comes complete with a rotating four poster bed. There’s a private cinema and library, marble bathrooms and leopard print carpets - and a team of highly trained butlers to cater to your every demand. As if that’s not enough, you can upgrade your experience to include a chauffeur driven Rolls Royce, BMW - or even a helicopter. Cost per night: £11,629.
The Presidential Suite at the Ritz-Carlton is located way up on the 53rd floor of the tallest building in Tokyo - which means that guests have an amazing view of the Imperial Palace outer gardens and Roppongi Hills. There’s a four-poster bed in the master bedroom, an over-sized marble bathroom with its own flat screen TV and a fully-stocked pantry in case you feel a bit peckish. There’s also a personal butler on hand to cater to your every need so you won’t have to lift a finger. Cost per night: from £15,188.
Michael Jackson and Oprah Winfrey have both stayed at the Bridge Suite; 10 rooms of pure luxury, bridging the distance between the Royal Towers at Atlantis Paradise Island Resort.The suite is located on the 23rd floor, giving guests spectacular views through 12-foot windows. The huge living room boasts a grant piano and twin entertainment centres and there are four spacious bedrooms, a private kitchen and dining room. You won’t have to lift a finger during your stay, as there’s a permanent staff of seven who access the rooms through a private entrance. Cost per night: £15,254.
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The Ty Warner Penthouse, the Four Seasons Hotel, New York, sits at the top of Manhattan’s tallest tower. It’s the result of a collaboration between hotel owner Ty Warner, designer Peter Marino and architect I.M. Pei, who came out of retirement to help create America’s most exclusive accommodation. Inside the suite you’ll find glass balconies and floor-to-ceiling bay windows set underneath 7m cathedral ceilings. The TVs are programmed to receive every channel worldwide, there’s unlimited global phone calls at your disposal and you have your own butler, trainer, therapist and chauffeur - at the wheel of either a Rolls Royce or a Mercedes - for the duration of your stay. The suite covers the entire top floor of the hotel and the centrepiece is the Thai canopy bed in the master bedroom - the canopy is threaded with gold and the mattress was made entirely by hand. The French doors open to reveal views of Central Park and there’s an indoor-outdoor Zen garden, complete with waterfall, that overlooks downtown Manhattan and the Statue of Liberty.
Cost per night: £21,316.
Pierce Brosnan, Meryl Streep, Leonardo Di Capri and Mel Gibson have all stayed at the Royal Villa at the Grand Resort Lagonissi. This spectacular villa is set on the south side of a 72-acre peninsula and is designed to make guests feel as if they have their own private island even though it’s just a short drive to Athens. The villa has two master bedrooms - with remote control mattresses - and three marble bathrooms. The bedrooms and living room have working fireplaces and there’s also a business area, indoor and outdoor pools, gym, steam bath and fully-equipped bar and barbecue area. Guests can fly to Athens by private jet from all of the European international airports courtesy of the hotel and they also have their own butler, spa therapist, personal trainer and limousine driver. Cost per night: from £23,666.
The Hugh Hefner Sky Villa is located right at the top of the Palms Fantasy Tower in Las Vegas. Guests access the suite via their own glass lift and step into the ultimate party playground. Along with pop-up plasma TVs, a fully-equipped gym, sauna and spa, full bar and eight-foot circular rotating bed with mirrored ceiling, there’s a private outdoor jacuzzi pool that overlooks the strip below. The villa is so huge it can accommodate up to 250 people. If you like a quiet night in, this obviously isn’t the room for you. Cost per night: £24,462.