FAMILY BRANDED AS STUBBORN FOR NOT ACCEPTING £25 MILLION OFFER AND EXPERT COMES TO THEIR DEFENCE

Have you ever wondered how much the infamous "stubborn family" could be worth now? You may recall them from when they turned down a £25 million offer for their land. Developers in Sydney, Australia have been making outrageous offers for the Zammit family's mansion, which is surrounded by a 200-meter green lawn, in order to demolish it and erect new buildings on top. The mansion, designed in the style of Windsor Castle, is said to have more than five bedrooms, a triple car garage, and a sizable barn out back. The Daily Mail claims to have visited the property recently and discovered the outside to be cluttered with estate agent activity. The Zammits have reportedly received numerous offers of money but have refused to compromise. What is it really worth, though, if they aren't going to budge for £25 million? Surely, with breathtaking views of the Blue Mountains, it must be extremely expensive. And despite living in the middle of a housing estate and being constantly harassed, the family doesn't seem to be phased.

Real estate records on RP Data show that it was briefly listed for sale by the Zammit family in 2015, with an asking price ranging from $858,000 to $945,000. The property was then listed again in 2016. The family has since discussed how the land has changed. "It used to be farmland dotted with little red brick homes and cottages," Diane Zammit said to Daily Mail Australia. There was plenty of space and individuality in every home, but not anymore. It simply isn't the same. It's worth quite a bit, according to a local property analyst who told the Daily Mail that the land could accommodate about 40 homes. "The land is probably worth around $60 million if it was developed now," they said to the publication. The developer is expected to earn at least $20 million, even if they receive a $40 million payment. And even a $60 million price tag would yield a sizable profit for the developer by the time the homes were authorised, built, and sold, considering how rapidly Sydney real estate values are rising. After the Zammits' decision to remain in their house became public, their neighbours supported them wholeheartedly and expressed gratitude for their refusal to give in to material temptation. One person commented, "I'm glad they won't sell because it means our kids will be in a much safer cul-de-sac and their large lawn next to us gives us the impression of having so much space." Because the other houses are so close together, our neighbours don't understand that. We are incredibly appreciative! I'm hoping they stay. Taylor Bredin, an estate agent with Ray White Quakers Hill, concurs that they made the right decision. "These guys have held on, even though most people sold out years and years ago," he remarked. All credit to them.