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29th Oct 2024

Family finally give in and sell €3.3m house after developers had to build suburb around them

Charlie Herbert

They’d lived in the home for six decades

A family have sold their home for millions of dollars after years of pressure from developers to sell up.

The three-bed, street-facing property was located on a three-acre strip of land in Salisbury, Adelaide. For 30 years, the unnamed family who lived their had rejected offers from developers who wanted to build on the land.

Houses have been built on all of the surrounding land, leaving the parcel of land as a rare strip of pristine green in the sprawling suburb landscape.

For six decades, the family had lived in the house which consisted of a lounge, a kitchen and a large garage with adjoining sheds.

But after the death of their parents, the family decided to finally put the property on the market. It was listed for the sum of A$5,500,000 (€3.3m), and sold on October 29.

Speaking to 7News, Tom Hector of Harris Real Estate said it was a “sad, emotional sale.”

The house was situated on the 1.2ha plot of land (Harris Real Estate)

He told the broadcaster: “There’s very few parcels of land left of more than 1000m2 in the northern corridor of Adelaide.

“It has services supplied and it is close to shopping centres and schools.”

Hector said there had been a “huge amount ” of interest in the property, which had been described by Harris Real Estate as a “truly rare land holding.”

The unnamed family who owned the three-bed property had liveed there for six decades (Harris Real Estate)

This isn’t the only example of a family holding out against the offers of property developers in Australia.

In the Sydney suburb of Quakers Hill, the Zammits have become famous for turning down huge offers from developers to build on their land.

The land 1.99-hectar land is estimated to be able to accommodate around 50 houses, giving it a potential value of around A$50m.

You can read more about their story here.

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