THREE new homes that could be built in Poole are expected to fetch up to £9.25m each.

The proposals have been submitted for Pearce Avenue in Lilliput, which in 2021 was named as the most expensive street in Poole.

Outline planning permission has been sought by developer Fortitudo to tear down the existing property.

Three five-bedroom homes, each spanning more than 9,890 square feet, would be built in its place.

Drawings from ARC Architecture show these homes could feature separate living, sitting and games rooms and a reading area, along with a kitchen, larder and lift.

Each bedroom would have an en-suite and dressing room, with the master bedroom having his and hers dress and bathrooms.

Bournemouth Echo: Pearce Avenue is one of the most expensive roads in Poole.

If approved, the homes could also include a basement garage with space for four cars, accessed by a car lift.

Other homes on the road have recently sold for more than £1m, with one fetching £5.67m, according to Rightmove.

A design and access statement submitted to the council said it is understood that there used to be three homes on the plot.

A previous planning application to build three homes on the land was approved in April 2008.

The statement added that the proposal would contribute to the ‘failing five-year housing land supply’.

It said the proposed homes are ‘of an appropriate design and respond well to the character of the area’, as well as utilising a brownfield site better, ‘in keeping with the scale and pattern of development’.

A financial viability assessment attached to the application estimates that the gross development value, or the total forecast revenue from the project, is £27,750,000.

If the homes are sold for the predicted value of £9.25m, this would be a profit of £4,856,250, minus the costs of the development, estimated to be £22,893,750.

The design and access statement concluded: “It is therefore considered that the planning justifications and design rationale identified in this statement demonstrate that the development is acceptable and should be approved without delay.”

A neighbour consultation will end on January 2, with the expiry date for the application set for February 28. No date has been set for a decision.