ladbible homepage
ladbible homepage
  • iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • SPORTbible
  • Tyla
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • FOODbible
  • UNILAD Tech
Update on 'stubborn family' who rejected £25m offer from developers who built entire estate around property

Home> News> World News

Published 17:19 28 Sep 2024 GMT+1

Update on 'stubborn family' who rejected £25m offer from developers who built entire estate around property

The 'stubborn' Australian family rejected a £25m offer from developers

Anish Vij

Anish Vij

google discoverFollow us on Google Discover

There's been an update on the 'stubborn family' who rejected a £25m offer for their highly-sought after land.

The Zammit family mansion in Sydney, Australia, is sat in the middle of a 200m lawn and exterior, while developers are offering huge sums to bulldoze and build new homes.

A 40-minute drive to Sydney's central business district, the house boasts a huge barn at the back, a triple car garage and views across to the Blue Mountains.

Valued between £20m-£30m however, the family are refusing to budge.

Advert

The family want to keep the land (7News)
The family want to keep the land (7News)

And it seems neighbours are delighted with their decision, as one person told the Daily Mail: "It doesn't really bother us.

"It's their land, they can do what they want with it."

Another said: "If I had that property, I would do the same thing. I'm with them."

While a third also added: "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."

In an update meanwhile, it seems real estate agents are still trying their luck.

The outlet reports that the Zammits' front door is littered with business cards and handwritten letters, begging the family to get in touch.

But not everyone is trying to exploit them, as real estate agent Taylor Bredin told 7News: “The fact that most people sold out years and years ago, these guys have held on. All credit to them.

Neighbours are happy with the no sale (7News)
Neighbours are happy with the no sale (7News)

“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.”

Previously speaking to the Daily Mail, Diane Zammit said: "It used to be farmland dotted with little red brick homes and cottages.

"Every home was unique and there was so much space - but not anymore."

Explaining why the property is worth so much, Australian buyers agent Ella Cas, said: "So if developed, the revenue would be conservatively $35.8 million or $43.68 million dollars if I'm a Sydney developer.

"This doesn't even include development cost, and already you have not made back the $50 million dollars you spent on the land."

We'll have to wait and see if their Up fairytale continues.

Featured Image Credit: 7News

Topics: Australia, Home

Anish Vij
Anish Vij

Anish is a Journalist at LADbible Group and is a GG2 Young Journalist of the Year 2025. He has a Master's degree in Multimedia Journalism and a Bachelor's degree in International Business Management. Apart from that, his life revolves around the ‘Four F’s’ - family, friends, football and food. Email: [email protected]

X

@Anish_Vij

Recommended reads

Dad speaks out after child attacked by woman with knife before she was shot dead outside WalmartGoFundMeRussia makes direct strike threat to three areas in UKContributor/Getty ImagesGovernment responds after 'worst is yet to come' warning over fuel pricesAlastair Grant - WPA Pool/Getty ImagesMain reason Bunnie Xo stopped being an escort after meeting Jelly RollJohn Shearer/Getty Images

Advert

Choose your content:

14 mins ago
an hour ago
12 hours ago
  • GoFundMe
    14 mins ago

    Dad speaks out after child attacked by woman with knife before she was shot dead outside Walmart

    Casey Hillman said his son Cyler has been terrified to leave the house as he 'said it was scary outside'

    News
  • Contributor/Getty Images
    an hour ago

    Russia makes direct strike threat to three areas in UK

    Twelve locations across Europe have been identified as 'potential targets' by Russia

    News
  • Alastair Grant - WPA Pool/Getty Images
    12 hours ago

    Government responds after 'worst is yet to come' warning over fuel prices

    Professor Nick Butler, ex vice-president for strategy and policy at BP, warned that the 'worst was yet to come'

    News
  • Getty Stock Images
    12 hours ago

    Android users set for payout from $135,000,000 Google settlement, here's who qualifies

    Millions of Americans with Android phones could be eligible for a payout following a $135 million settlement with Google

    News
  • Family rejected £25 million offer from land developers who built entire estate around property
  • Family rejected £25 million offer from land developers who built entire estate around property
  • Incredible find was made at house of ‘stubborn’ family who rejected £25 million to sell property
  • Incredible timelapse shows neighbourhood after ‘stubborn family’ rejected £25m offer to sell land