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

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?

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)

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."

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."