A meager 1.2 hectare site surrounded by sprawling suburban development has been put on the market after being owned by the same family for 60 years.
The huge block and small house in Salisbury, a suburb north of Adelaide, will go up for auction on Tuesday after the owners rejected offers from developers for decades.
Harris real estate agent Tom Hector said 7News The family had finally decided to put the property up for sale after the death of their parents.
Hector said the developers had approached the owners many times over the past 30 years.
“It’s a very sad and emotional sale,” Mr. Hector said.
The property has a price guide of between $3 million and $3.3 million.
The “truly rare” property is “ready for almost immediate development,” according to the listing on wellbeing.com.au.
It is advertised as “an unparalleled residential construction opportunity.”
The 1.2 hectare block surrounded by encroaching development in Salisbury, a northern suburb of Adelaide, will go up for auction on Tuesday. The owners rejected many offers from the developers.
The only structures on the property are a small shed and this three-bedroom house built in 1955.
Hector said he had received a “huge amount” of interest in the listing.
“There are very few parcels of land larger than 1,000 square meters left in Adelaide’s northern corridor,” he said.
The only structures on the property are a small shed and a three-bedroom house built in 1955.
The charming house is a kind of time capsule and features original furniture.
The parcel of land sits behind the Little Para Golf Course and is “a stone’s throw” from Hollywood Plaza and Parabanks Shopping Centre.
Hector told 7News there were many options to develop the land.
“Developers have to let their imagination run wild, depending on what they can do with an urban planner,” he said.
The charming house is a kind of time capsule, with original furniture.
The median home price in Salisbury is $610,000, an increase of 22 percent from last year.
The average unit price has seen a year-on-year increase of 7.2 percent and is $370,000.
A Sydney family has also challenged developers’ multi-million pound approaches to their home on a 1.99 hectare block, which is also surrounded by development.
The Zammit family home is located in the middle of a new build development in The Ponds area, near Quakers Hill in Sydney’s northwest, where hundreds of high-density single-family homes have been built.
But while their neighbors gradually sold and moved over the years, the Zammits have refused to sell despite offers estimated at up to $60 million.
The house is surrounded by around 750m of fencing to contain the burgeoning and ongoing construction work springing up around it.
The owners admit that the area is no longer recognizable since they first moved in 16 years ago.
“It used to be farmland dotted with small red brick houses and cottages,” mother Diane Zammit, 50, told Daily Mail Australia in 2022.
