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A stubborn Perth family are set to sell their large plot of land to property developers after an entire suburb is built around it.
The property, which sits on a six-acre plot on Wattleup Road in the suburb of Hammond Park, is for sale and is expected to attract offers of more than $3 million.
Owned by the same family for over forty years, the site features a four-bedroom, two-bath brick home and a granny flat.
However, it is likely to be demolished to make way for dozens of new homes as property developers are interested in the land.
‘Unlock the potential of this expansive 2.34 hectare development site, strategically located in the heart of Hammond Park,’ reads the Domain listing.
‘This prime plot of land offers unrivalled opportunities for residential and commercial development, perfectly located to benefit from the growing demand in the area.
‘At 2.34 hectares, 466 Wattleup Rd is a premium mixed-use residential, commercial and retail development or infill development in a major growth corridor.’
Ollie Salimi of Effective Property Solutions said: Domain He said the site could be developed into a new residential and commercial area.
‘We expect a lot of interest in this site as Hammond Park’s existing and almost fully built residential developments are in high demand amongst young families, thanks to a variety of schools and new public amenities in this now thriving area.’
A stubborn Perth family has finally decided to sell their huge plot of land to developers after an entire suburb was built around it.
The property houses a four-bedroom, two-bathroom brick home and an attached apartment, but could soon be demolished to make way for many more homes.
The property originally covered more than four hectares, but part of it was sold for $2 million to allow for the widening of Hammond Road in 2022.
Census data shows Hammond Park’s population nearly doubled between 2011 and 2016, growing to just under 5,000 residents.
According to CoreLogic, median home prices in the area have increased 80 percent, to $829,811, over the past five years, while unit prices have risen 90 percent, to $604,133.
While many Australian families have caved in to pressure from property developers to sell, one Sydney family is standing firm and refusing to sell.
For decades, the intensely private Zammit family has been the proud owner of a sprawling 20,000-square-metre property in Quakers Hill in Sydney’s west.
The five-acre property cuts across a huge block of new development, abruptly turning roads into cul-de-sacs, with houses pressed tightly against the fence that borders the homes.
However, while all their former neighbors gradually sold up and moved away, the Zammit family stood firm and refused to sell, despite being offered more than $40 million for the land.
Quakers Hill House sits on 1.99 hectares and has a stately 200m-long Windsor Castle-style driveway that runs across the vast lawn to the front door.
The Zammits are a very private family and declined to discuss the offers they received to move when contacted by Daily Mail Australia.
However, the family has admitted that the land is unrecognisable since they moved in 16 years ago.
“It used to be farmland dotted with little red brick houses and cottages,” said Diane Zammit, a 50-year-old mother.
“Every house was unique and there was so much space, but that’s not the case anymore. It’s just not the same.”
