Incredible timelapse video shows changes after family turned down $50m from developers who built suburb around their home
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Featured Image Credit: 7News
An incredible timelapse video shows the changes to an area after family turned down $50m from developers who built suburb around their home.
Back in May, a family in Australia refused a AUD$50 million offer from developers who then constructed a suburb around their entire property.
The homeowners said they were not able to put a price to their beloved Windsor Castle-style home.
Decked out with a 650-foot driveway surrounded by lush green gardens with a panoramic view of the Blue Mountains, and just 40 mins away from the centre of Sydney, the property is seriously impressive.
The house, located on Hambledon Road, stretches across five acres of land which equates to two-hectares of area and has become a symbol of the family's determination to stay in their neighbourhood.
And the 30-second timelapse video shows how developers completely restructured the area around the house, creating a very odd-looking neighbourhood in the process.
Before the developers got to work, the house was surrounded by lots of open green space, but now there are rows of regular, suburban homes.
And, to the surprise of no one, the humongous mansion and its lengthy garden could have essentially become an entire street if developers could have had their way.
When the majority of the neighbouring houses were sold in 2012 to make way for developers, the house that stayed would have been valued at approximately AUD$4.75 million.
However, experts back in May said that the house could be worth a whopping AUD$50 million.
Amid the bustling new-build development in The Ponds area near Quakers Hill, 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."
Bredin also suggests that the land has the capacity to accommodate around 50 houses, and if subdivided into 3,200-square-foot blocks, each could potentially be valued at one million dollars.
However, the homeowners denied revealing their plans about selling the property, 7News reported.
Can you blame them?!
And they're not the only one who was determined to stand firm when developers came knocking.
The 53-year-old Madea star was clearly touched by the story of Josephine Wright, a great-great-grandmother, after Bailey Point Investment allegedly attempted to remove her from the house that has been in her family since the Civil War.
He wrote on Instagram: "'I’ve pretty much been a fighter all my life' said 93 year old Josephine Wright.
"Well, that makes two of us. Ms. Wright, please tell where to show up and what you need to help you fight."