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

While stories of individuals defying authority have been heard before, a family in Australia is taking it to the next level by rejecting every offer made for their property.

Reports indicate that the family in question has consistently rejected offers from developers. Consequently, the developers proceeded to construct an entire neighborhood surrounding the property in question.

Despite this, the owners of the mansion in the style of Windsor Castle insist that they cannot determine the value of their unique residence. Allegedly, the Australian property boasts a driveway that spans 650 feet and is encompassed by beautiful green gardens. Additionally, it offers a breathtaking panoramic view of the Blue Mountains.

Developers are said to be highly interested in purchasing the land where the property is situated, as they have made several generous offers.

However, the family continues to refuse…

Credit / 7News YouTube

According to reports, many nearby properties were sold in 2012, when the property in question was estimated to be worth about $4.75 million.

A decade later, specialists suggest that the house could be valued at an astonishing $50 million!

Taylor Bredin, a real estate agent at Ray White Quakers Hill, mentioned to 7News that while many people sold their properties long ago, these individuals have chosen to hold on. They deserve credit for that.

“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.”

Credit / 7News YouTube

The property is surrounded by neighboring houses on all sides, with fences separating them. Despite this, the family residing there has no intention of selling and enjoys living in a cul-de-sac.

Diane Zammit, a 50-year-old mom, shared with Daily Mail Australia that the area was once filled with farmland and small red brick houses and cottages.

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

It must have been really tough for them to say no to $50 million! What are your thoughts on the choice this family made? Share in the comments below.

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