article_snippet: A £4million house in one of the country's wealthiest areas is to be demolished - to make way for three properties worth three times as much.
article_snippet: With wealthy footballers and businessmen vying for a spot on the small peninsula, house hunters have been known to snap up dated, old-fashioned properties to knock down and rebuild.
article_snippet: The 1980s house is no different, with developers keen to make the most of The 1980s house 3.5 acre plot.
article_snippet: The property in Sandbanks in Poole, Dorset, is to be demolished and replaced with three other modern houses worth a combined £12million .
article_snippet: The house was bought for £4million by property developers .
article_snippet: £4million by property developers previously boasted manicured lawns and an impressive fountain in the centre of £4million by property developers driveway.
article_snippet: £4million by property developers is pictured before workers began tearing £4million by property developers down .
article_snippet: Work has already begun in tearing down the house which has five bedrooms, four bathrooms, four reception rooms and an indoor swimming pool.
article_snippet: The 3.5 acre plot borders a nature reserve and will be divided up to make way for the three contemporary homes worth  £4.8m, £4m and £3.25m.
article_snippet: Its current layout has been a waste of space, said developers who are eager to capitalise on Its vast gardens. '
article_snippet: An artist's impression of one of the houses that will be built on the 3.5 acre plot of land.
article_snippet: The second house, illustrated in a computer generated image above.
article_snippet: Developers said the three houses would make more of the outdoor space on the site than the previous house .
article_snippet: The third property on the site than the previous house which will be priced at £4.8m, £4m and £3.25m once completed by developers working on the site than the previous house now .
article_snippet: Among developers's plans is to work on the property's vast grounds to make the most of the previous house green space.
article_snippet: The house that is there was spread out across the width of the site, you could probably accommodate 10 houses on The house that is there if you wanted but three makes much better use of its green space. '
article_snippet: Last year two luxury homes squeezed onto a plot meant for one went up for sale on Sandbanks for £13million - three times the value of the former property.
article_snippet: In 2013 a property sold for the equivalent of £1,275 per square foot, a record for the area.
highlights_snippet: But, set in 3.5 acres of land, developers are to knock The 1980s property down and create three modern houses in The 1980s property place .
  