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

As the years pass, some people don’t mind shifting residences; in fact, they even relish the thrill of doing so. However, there are those people who won’t leave their home under any circumstances.

A family from Australia repeatedly refused to put their property up for sale. The family’s home, with all its greenery and splendour, lies in the midst of the opulent neighborhood. Developers came to their property with a variety of offers, and around it they erected an entire suburb of identical homes.

The house has a 650-foot driveway, is surrounded by verdant gardens, and offers a bird’s-eye view of the Blue Mountains.

Why do they not want to sell it? They can’t even value their small paradise because they can’t.

The majority of the surrounding blocks on which the suburb is located were repurchased in 2012. The mansion, which was built in the manner of Windsor Castle, was worth $4.75 million at the time.

However, ten years later, its value increased, and experts estimate that it currently costs more than $50 million.

“Despite the fact that the majority of people gave up long ago, these guys have persisted. They deserve all the credit, said Taylor Bredin of Ray White Quakers Hill, in an interview with 7News.”Depending on how far the development plan is advanced, you could advance anywhere between 40 and 50 properties on something like this, and when subdivided, a 300 square meter block would fetch a million dollars.”

The property is now surrounded by homes on all sides and a substantial fence. Despite this, they have absolutely no intention of selling it.

According to 50-year-old mother Diane Zammit, the area used to be “farmland dotted with little red brick homes and cottages.”

“There used to be so much room and every home was different, but not any more. Simply put, it’s different, she said.

What do you think about this lovely house? If you were the proud owner of it, would you think of selling it for that much money?

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