Family Reject Developers Who Build Suburb Around Entire Property – 10 Years Later, House’s Value Is Astronomical
In Australia, a family has gained attention for repeatedly rejecting offers on their property despite developers building a whole suburb around it. The Windsor Castle-style mansion features a long driveway, lush gardens, and a panoramic view of the Blue Mountains.
Developers have made numerous lucrative offers to purchase the land, but the family remains adamant about keeping their special home. Most of the neighboring land was sold off in 2012, valuing the property at around $4.75 million at the time. However, experts now estimate its worth to be an astounding $50 million.
Real estate agents suggest that the land could accommodate 40 to 50 properties if developed, with each subdivided block fetching around a million dollars. Despite being surrounded by neighboring homes, the family has no plans to sell and enjoys the cul-de-sac setting.
The mother, Diane Zammit, expressed nostalgia for the once spacious farmland that has now been transformed. The story of this family’s unwavering refusal to sell their property has sparked admiration for their resolve in turning down such a significant sum of money.
