Family reject developers who build suburb around entire property – 10 years later, house’s value is astronomical


We’ve heard stories before about people defying ‘the man’, but one family in Australia seem to be taking things to a whole new level after rejecting any and all offers on their property.

According to reports, the family in question have repeatedly turned down developers, who went on to build an entire suburb on all the land bordering the property in question.

Undeterred, however, the owners of the Windsor Castle-style mansion claim they are unable to put a price on their special home. Reportedly, the Australian property features a 650-foot driveway and is surrounding by lush green gardens. It also has a panoramic view of the Blue Mountains.

Developers are said to be so desperate to purchase the land upon which the property sits, that they’ve made several big offers.

And yet still the family say no…

As per reports, most of the neighboring blocks of land were sold off in 2012, during which time the property in question would have been valued at around $4.75 million.

10 years later, however, experts are claiming that the home might be worth as much as a staggering $50 million!

Taylor Bredin, a real estate agent with Ray White Quakers Hill, told 7News: “The fact that most people sold out years and years ago, these guys have held on. All credit to them.

“Depending on how far you push the development plan, you’d be able to push anywhere from 40 to 50 properties on something like this, and when subdivided, a 300 square metre block would get a million dollars.”

Today, the property is enclosed on all sides by neighboring homes built right up to its fence. The family who live there, however, has no plans to sell and say they like living in a cul-de-sac.

Mom Diane Zammit, 50, told Daily Mail Australia that the neighborhood used to be “farmland dotted with little red brick homes and cottages”.

“Every home was unique and there was so much space – but not any more. It’s just not the same,” she said.

Wow! It sure takes a hell of a lot of resolve to turn down the idea of $50 million! What do you think about this family’s decision? Let us know thoughts in the comments box.

Meanwhile, share this article on Facebook so that more people can read this story!

B M

Related Posts

If you find a tick inside your home, here’s what you need to know

Ticks. Just the thought of them gives most people the creeps. And for good reason too! These tiny creatures are not only annoying and invasive, but they…

The “small round hole” on the nail clipper has special and powerful uses

Nail clippers are a common household item, mainly used to trim nails, but they have other clever uses too—especially with the small round hole at the end….

MY WIFE WENT TO THE SALON BUT CHOSE TO KEEP HER AWFUL GRAY HAIR

When my wife went to the hairdresser, I expected her to come back with dyed gray hair. Over time, her gray hairs began to appear, and I…

Neglected out of ignorance, tiger is rescued from circus – look at her miraculous transformation

We’ve said it many times, but it bears repeating: Wild animals don’t belong in the circus. Bengal tiger Aasha is yet another example of an animal abused…

Unforgettable Moment: Simon Cowell Tears Up in Public! This Young Girl’s Voice Moves Everyone to Tears

Certainly! The little girl’s performance that brought Simon Cowell to tears was nothing short of extraordinary. She appeared on a talent show similar to “America’s Got Talent”…

Approaches for dealing with head lice and their solutions

Dealing with Head Lice: Methods and Remedies Head lice infestations are a common issue, especially among children, but they can be effectively managed with the right approach….