I wouldnt do that. Better to use the money to buy another house. Moreover the house stands out in the neighbourhood and this will definitely going to attract all sorts of unwanted attention.

Near my house also had one such owner of a corner double storey house. The owner demolished the whole house and rebuilt a 3 storey house on the land. During piling works, all the houses same role with mine were badly affected by the noise. The neighbours of that house suffered cracked in their homes but I believe they were compensated but still it wouldnt be the same anyone. After the house was ready, the owner only had a home blessing ceremony. Hardly anyone stays there. Few years later, it was up for auction.