• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
Incredible value of family's house revealed after they rejected £39m from developers who built suburb around their home

Home> News> US News

Published 12:00 11 May 2024 GMT+1

Incredible value of family's house revealed after they rejected £39m from developers who built suburb around their home

The Zammit family stood their ground and lost the chance to become millionaires

Britt Jones

Britt Jones

A family were shocked to find out that their home was priceless after turning down a sale from developers who offered millions of dollars.

The Zammit family from Australia made one choice which caught the attention of news outlets everywhere last year after rejecting a proposal from developers which saw their entire neighbourhood bought and demolished to make way for a suburban housing estate.

The family stood their ground and refused to sell, which made their property stick out like a sore thumb.

Even though they were offered a huge $50 million sum from developers, the Zammits still haven't sold up or given in to pressure.

If they were offered millions, how much is the home even worth on the market?

Advert

Well, when the house was previously up for sale in 2015, it was valued at around $858,000 (£685,084.60) to $945,000 (£754,551.22), house records on RP Data show.

Mail Online reported that the home only stayed on the market for seven days and went up for sale again the following year for the same price.

But, after developers wanted to buy their house and land to rebuild on the plot, the Zammit home hasn't been on the market again.

Essentially, the family have been offered more than 50 times the home's value.

Despite developers building continuously around the family, they refused to sell up. (7News)
Despite developers building continuously around the family, they refused to sell up. (7News)

Advert

It's believed they've been offered such a huge price as the whole plot could house as many as 50 properties, each of which would each be sold for around $1 million.

But those who knew the Zammits were happy for their decision and for standing their ground despite the tempting offer.

One nearby resident said: "I'm very happy they've refused to sell - it means we have a cul-de-sac which is much safer for our kids - and their big lawn next to us makes it feel like we've got so much space.

"Our neighbours don't get that because the other houses are so close together.

“We're very grateful! I hope they stay."

Advert

The Zammit home is now surrounding by uniform-looking properties. (7News)
The Zammit home is now surrounding by uniform-looking properties. (7News)

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."

But Diana Zammit has admitted that its very different to how it once was.

"It used to be farmland dotted with little red brick homes and cottages," Diane told Daily Mail Australia.

"Every home was unique and there was so much space - but not any more. It's just not the same."

Featured Image Credit: 7News

Topics: Money, US News

Britt Jones
Britt Jones

Advert

Advert

Advert

Choose your content:

8 hours ago
9 hours ago
11 hours ago
  • 8 hours ago

    Girl, 9, dies after mum left her in the car whilst she went to work

    She was left unattended in the car for hours

    News
  • 8 hours ago

    Incredible photo shows woman hanging on to tree before being rescued from freak flood that killed 27

    The woman had been swept 20 miles downriver before being rescued

    News
  • 9 hours ago

    Man robbed bank claiming 'it was art' and filmed the whole thing

    Gonna have to try this one

    News
  • 11 hours ago

    Someone made a £5000 Bitcoin investment in 2011 and has now made ridiculous profit 14 years later

    Maybe they're a time traveller who did what we all dream of

    News
  • Update on 'stubborn family' who rejected £25m offer from developers who built entire estate around property
  • Couple ordered to tear down £1,000,000 house they built after 'misunderstanding' the rules
  • Man makes visit to neighbourhood of 'stubborn family' who rejected £25 million offer from developers to sell house
  • Couple furious as they're offered just £700 after finding giant fence built outside their home