New owner drawn to Lennox Heads’ “low-key appeal”.
If any further proof was needed of the wildest property bubble in Australia’s history, the 18 mill sale of a joint in Lennox Head, once a hardscrabble town of surfers and blue-collar workers, is probably it.
The “seaside masterpiece” at 44-52 Blue Seas Parade, Lennox Head, which looks right into the guts of the famous righthander, is “the best property on the east coast, in terms of what it offers in terms of 8.5 acres sitting on one of the most easterly points of Australia with panoramic ocean and coastal views,” selling agent Nick Bordin told the Australian Financial Review.
The vendor, retired software developer George Farley, bought the land in 2012 for a little under three-mill and built the five-bed pavilion style home.
He was chasing twenty-mill, but settled for an undisclosed amount between seventeen and eighteen mill.
But the value wasn’t so much about the house, pretty as it is, but about the…land.
Software developers ain’t dumb.
Farley got council approval to create a sub-division of eight luxury homes alongside the main house so, likely, the new owner will bring in the dozer and the cranes ala Owen Wright’s $30 million Byron Bay development.
Two years ago, the director-headliner of retro-surf movie Breath, Simon Baker, shucked his seventeen-mill mansion in Sydney for a cement block and timber beach shack a few hundred metres from Lennox Point.
Baker, who is fifty-four, bought the two-bedder at 23 Dress Circle Drive, Lennox Head, for almost three-mill following the breakup of his marriage and the subsequent sale of couple’s Bronte house for seventeen-mill; a place they bought in 2015 for six-and-a-half mill.
His Lennox joint, a sleepy eyed derelict, is one of the last remaining original houses in Dress Circle Drive, the modest holiday homes having long given way to man’s urgent need for compounds and monoliths.
Surprisingly deft on a surfboard, Baker grew up in Lennox before treading the boards in Sydney, Los Angeles etc.
“You can’t deny the power of this landscape,” Baker told 60 Minutes while standing with reporter at Lennox Point. “It’s got this intensity and whether you like it or not it will have an impact on you.”
A cursory jog through Lennox’s recent property sales reveals it ain’t Byron Bay’s poor sister any more.
Mill and a half for a townhouse, two mill to be near the beach. If you don’t have generational wealth or are at least four rungs up the property ladder, you ain’t buying.
Rent forever kids, although one thing money can’t buy is a deft rock jump.
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18 million and you still have to drive to a crowded point ish break.
Let that sink in.
In my experience. surfer’s have no voice~
Gold Coast Area: need avocado pickers. enquire her. 1-800-young AARP. a real secretary will answer. spill your guts~
https://scontent-sjc3-1.xx….
The nice thing about renting is when there is a problem its somebody else’s.
That Breadth flick was the biggest load of shit , Buy a few select crew made a freaking bank load of it , a little bit like the morning of the earth flick , not the greatest but hey it did the trick for the crew that banked on it.
The book was good
Little does the community know it was actually a BG consortium who purchased. It is now the new BG Global Headquarters and there’s a bunch of new grumpy locals about to dominatrix the Ox.
First order of business? A swipe card accessed footbridge so we don’t have to rock off. Second order of business? Fortified Pandanus Hut for BG locals only serving South American ‘refreshments’.
Sign on the front gate to read ‘No Action, Ultra Hard Surf Lulls’
no majority yet…keep pushin’
Shit. That looks so much nicer than the war crimes you recently fawned about.
There is a house very close with even more lofty price goals. Incredible build. With an even more incredible price tag. I think you would prefer that one Derek. Lovely pool and entertaining area. Next story perhaps? Point House. Check it out.
Is this the house whose owner tried to install a surf cam before being given a thorough dressing down by basically the entire (pre-covid) population of the town?
Yes this is the house that Mark Thompson went to his house and confronted him. George is a good guy.
need xunflower seedz
https://scontent-sjc3-1.xx….
Wonder if it’ll be like the many, many, many numerous clifftop mansions along Portsea – uninhabited.
18 Million bragging right.
unreal estate!
Those rocks are no joke. Supposedly even the hottest locals have a ~10% failure rate on entry and exit.
graduated from cobbles
I’ve seen long-term locals stand there for half an hour on a high-tide east swell before going back to their car dry.
Local charger went down about 18 months ago on the rock off. Nearly got scalped and had to get airlifted to Gold Coast hospital.
Ghastly on several levels!!!
buyer?
Some well-to-do online surf writer, Shearer something.
Ha, ha, etc, from the AFR: Mr Phillips declined to name the record-setting Lennox Head buyer but said they were drawn to the area’s low-key appeal.
“They appreciated the anonymity of Lennox Head, being slightly under the radar,” he said. “Lennox has transformed a lot over the last five years, and it’s got world-class beaches and now the dining options have tripled.”
18 mill is a bargain.
God only made one Lennox Head.
Thought they would get the 20.
Agreed, looks so much better than Byron.
I worked on the house to get it ready for sale. Easily the best house I have seen.
insane piece of land.
Never was but now always will be
Rich cunts land
🤢
they were drawn to the area’s low-key appeal
They appreciated the anonymity of Lennox Head, being slightly under the radar
I am Jack’s complete lack of self awareness.
Dez, is the clothin business? coverin’ ya? here’s a ballcap!”