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BNPS.co.uk (01202 558833)
Pic : JohnBrayAndPartners/BNPS<br />
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A stunning coastal home in a celebrity hotspot has more than doubled in value in just two years - now on the market for £2.695m.<br />
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Kai Tak was an unrefurbished dormer bungalow when it was put up for sale in 2016 for £950,000, but crucially it had planning permission in place for a striking contemporary three-storey house to be built.<br />
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The prime piece of land is close to the beach in Polzeath, Cornwall, one of the most desirable villages in the county, and estate agents estimated it would cost about £800,000 to build the new home.<br />
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But now canny property developer Spencer Tarring looks set to make a tidy profit having built the high spec luxury house.