• 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
Aussie Family Rejects Huge Offer From Developers To Keep Their Land And 'Dream Home'

Home> News

Updated 14:42 25 Mar 2022 GMTPublished 03:17 25 Mar 2022 GMT

Aussie Family Rejects Huge Offer From Developers To Keep Their Land And 'Dream Home'

The northwestern home that looks like a 'castle' is now estimated to be around $50 million.

Charisa Bossinakis

Charisa Bossinakis

Despite the immense pressure to 'sell up and get out' from developers, a Sydney family has refused to give up their beloved property.

There's a sprawling housing development located near The Ponds and there are loads of homes side-by-side that all look similar.

However, there is one home that has a humungous stretch of land, which was worth around $50 million when the developers came knocking.

The northwest property sits on a giant two-hectare strip and the owners have more than their share of a backyard room, and we can't help but think that barbecues at their place would go off.

The owners shared to 7News their 'dream house' even looks like a 'castle'.

Despite developers coming to them with increasingly fat cheques, they held out and let the development build around them.

Ray White Quarters Hill 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."

He also added the block of land could fit up to a staggering 50 properties.

"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 meter block would get a million dollars," Mr Bredin said.

7news

The house, located on Hambledon Road, sticks out like a sore thumb, as the vast lot surrounded by greenery has neighbouring two-story grey roof homes all around it.

Although 7News asked the family about their plans for the property and if we could see it on the market anytime soon, they refused to comment.

However, they're not the only determined family standing firm when developers come knocking.

Most notably, Vera Coking refused to give up her Atlantic City, New Jersey, boarding house in the seventies after Penthouse founder Bob Guccione offered her $1 million.

According to WPG Talk Radio, despite his best efforts to get her out while building a steel structure around her house, Guccione ran out of money and was forced to stop construction.

In 1993, after purchasing multiple properties at the Atlantic city block and wanting to expand Harrah's at Trump Plaza, Donald Trump offered to buy Coking's home, but she refused.

Legal proceedings went ahead, and Trump tried to get Coking out under eminent domain, but the courts rejected it.

In 2014, the property was eventually sold to Carl Ichan, who then owned Trump Plaza, bought it, who demolished the house later that year.

Ah, it turns out you can't put a price on happiness, even if it is a few million.

Featured Image Credit: 7News

Topics: News, Australia

Charisa Bossinakis
Charisa Bossinakis

Choose your content:

8 mins ago
an hour ago
  • 8 mins ago

    Brit mum jailed in Turkey after 'biggest mistake' celebrating boyfriend's Turkey teeth reveals update on heartbreaking situation

    Georgia Harrison is stuck in Turkey after being handed a travel ban

    News
  • an hour ago

    Top adult star tells young Brits not to watch her content as new UK porn laws start in weeks

    The top UK star is raising awareness of the importance of the act

    News
  • an hour ago

    Air India boss hits back at 'speculation' over reason behind fatal crash as he gives major update on plane

    N Chandrasekaran believes the plane's black boxes will 'definitely tell the story' of what went wrong on the doomed flight

    News
  • an hour ago

    People stunned as Donald Trump talks about bombing Iran with Juventus football squad awkwardly standing behind him

    Who knew the worlds of football and global war would collide?

    News