Pretty blue beach shack a few hundred yards from the beach set to be demolished and replaced with three townhouses.
Six month after house prices in the once-blue collar surf town Lennox Head were recalibrated following an $18 million sale, an old beach shack has sold for almost two-and-a-half mill.
The latest sale is a three-bedroom weatherboard shack, a few hundred yards from the drink at 47 Gibbon Street, Lennox Head, and which had been in the same fam for fifty years, for $2,375,000 Australian shekels.
It’s a beautiful old joint, painted a pretty pale blue, front windows looking into an old frangipani tree, and with a back yard so vast and lush you can almost hear the squeals of little kids flying down a slip and slide or bouncing around on a backyard trampoline.
Probs ain’t gonna happen.
The house is on seven thousand square feet and is zoned multi-density so, likely, the dirt will be carved up and three townhouses of zero architectural value and devoid of the joy the old shack would’ve brought to generations will be built.
According to the selling realtor,
“This 753sqm medium-density block offers a multitude of options for the buyer looking to capitalize on this amazing location in Lennox Head. Just 300m to Lake Ainsworth and 7 Mile Beach, this somewhat blank canvas includes the original beach shack with rear lane access. You could choose to keep the current home, build out the back, or redevelop the entire block with the option for 3 homes (STCA). This could be the perfect opportunity for those seeking to do a joint venture with a friend, allowing you to move into the village and enjoy all that it has to offer.”
Further proof, as if proof was necessary, that the Northern Rivers, that hallowed stretch of coast and hinterland surrounding Byron Bay, has inflated into the sorta bubble not seen since the fabled tulip mania in the seventeenth century when a single bulb costs the equivalent of seven hundred and fifty gees.