A sparse 2.96-acre block of land surrounded by an expanding suburban development has been put on the market after being owned by the same family for 60 years. The huge block and tiny home that sits upon it in Salisbury, a suburb of Adelaide, is up for auction after the owners rejected the offers of developers for decades. The family made the decision to sell after their parents passed away. For the past 30 years, developers had approached the family, offering to buy them out, only to be turned away. The only structures on the property are a small shed and a 3-bedroom house built in 1955. The charming home is something of a time capsule, featuring original furnishings. Developers are said to be willing pay between $3 million and $3.3 million to develop residential structures on the plot of land. The median house price in Salisbury is $610,000.
Australian Family Finally Gives In To Developers and Agrees To Sell Its Property
A sparse 2.96-acre block of land surrounded by an expanding suburban development has been put on the market after being owned by the same family for 60 years. The huge block and tiny home that sits upon it in Salisbury, a suburb of Adelaide, is up for auction after the owners rejected the offers of developers for decades. The family made the decision to sell after their parents passed away. For the past 30 years, developers had approached the family, offering to buy them out, only to be turned away. The only structures on the property are a small shed and a 3-bedroom house built in 1955. The charming home is something of a time capsule, featuring original furnishings. Developers are said to be willing pay between $3 million and $3.3 million to develop residential structures on the plot of land. The median house price in Salisbury is $610,000.