Family who refused to sell property to developers as city grew around them FINALLY cash in after 60yrs…& make a fortune

A DEFIANT family who held out against the onslaught of development by refusing to sell have finally cashed in after 60 years and made a fortune.

The Miliado family in Adelaide, Australia had been sitting on a three acre, multi-million pound plot while developers have built around them – until now.

The Zammit’s home aggressively sticks out as they refuse offers to sell to developers[/caption]

Their large five bedroom property with a sprawling 200 metre-long drive is located in The Ponds area in west Sydney, where hundreds of new homes have popped up in recent years.

The desirable area is only a 40-minute drive from the centre of the city and has beautiful views across the Blue Mountains.

The home looks bizarrely out-of-place wedged between identical chock-a-block newbuilds, where its 1.99 hectare garden could fit over 50 of the matching new homes inside.

However, when their neighbours upped and left – choosing to sell to the developers – the Zammits made a last hold out.

They refused to sell, despite being offered millions, and prevented the developers snatching up the last plot of land.

“The fact that most people sold out years and years ago, these guys have held on. All credit to them,” local agent Taylor Bredin told 7News.

“Depending on how far you push the development plan, you’d be able to push anywhere from 40 to 50 properties on something like this, and when subdivided, a 300 square metre block would get a million dollars.”

In short, the land could be worth over £25million, especially after ten years of their private rebellion.

7News

Their stunning 200 metre-long lawn takes two hours to mow and could fit up to 50 of the newbuilds inside[/caption]