The unnamed new owner wanted a property with a view

The two-bedroom home at Beach Road, Burton Bradstock, Dorset, had a guide price of �300,000 thanks to its panoramic views over Lyme Bay.

But during the bidding an unnamed telephone buyer, who had never seen the property, snapped it up for �364,000.

James Pellow, of auctioneers Symonds and Sampson, said the buyer wanted "something with a view and a retreat".

Mr Pellow added: "To some people, �364,000 is a lot of money. To some people, it's disposable. The property isn't really of huge value, it is just the position, and he wanted something by the sea."

Green Bungalow has a sitting room, bathroom and kitchen, as well as a slipway and a garden that directly adjoins the beach. There is also parking for up to three cars.

Sold at auction in Sherborne, Dorset, it was marketed as a potential second holiday home or rental investment. Previous owners have earned up to �1,200 a week during the summer.

The Jurassic Coast is a 95-mile stretch of coastline from Exmouth, in east Devon, to Studland Bay, in Dorset. It was awarded World Heritage Site status in 2001.