Ex-student turns his £6,500 digs chalet into a luxury £250,000 holiday home
A £6,500 holiday chalet in Whitsand Bay near Plymouth has been demolished to make way for a £250,000 luxury retreat.
Former Plymouth University student Adam Wooler bought the shack with views across the bay and replaced it with a holiday home that earns £100,000 a year in rent.
Adam bought the old timber building for £6,500 while he was a student, and has now demolished it to make way for the upgrade.
Adam and wife Katherine invested £100,000 in the cliff-top project which they let out as a holiday home.
Business Cards From Only £10.95 Delivered www.myprint-247.co.ukView details
Contact: 01858 468192
Valid until: Sunday, June 30 2013
The property called The Edge has been hired by pop star Duffy.
Adam, 47, who runs a marine services business, told The Sun newspaper: "I worked as a lifeguard on the beach below and bought the leasehold for the chalet for £6,500 while I was at Plymouth University.
"It was nothing more than a wooden shack on a cliff with one room and an outside loo. It was three metres by two metres and nothing more than a shed.
"I lived in it for 18 months and nearly got blown away with it a few times.
"I left it as it was for 25 years and couldn’t really afford to do anything with it.
"It has only been the last 18 months that we managed to get the funding and planning permission in place to really do something with it."
Adam and Katherine, a 37-year-old garden designer, live in East Morden, near Poole, Dorset and hope to create another holiday home.