Thursday, September 27, 2007

Shack sells for £91,000

A dilapidated beach chalet in Devon has fetched £91,000 at auction, more than twice its estimated value.

The hut, near the harbour at Teignmouth, is one of a number which rarely come to the market as they tend to remain in families for generations.

Rendells, which estimated the hut would sell for £40,000, sold the 25ft x 9ft building to a buyer from London.

"We knew it would do well, but this is a very good price," said Clive Morgan, a partner in the auction house.

The chalet, which looks up the estuary to Shaldon bridge, is made principally of timber under a tin roof.

Planning permission has been granted to create a two-storey chalet on the site, which is being sold by a local GP.

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