OFF MARKET

22/502 Ross Lane
Lennox Head NSW 2478

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 43814m2
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Property Details for 22/502 Ross Lane, Lennox Head

22/502 Ross Lane, Lennox Head is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 43814m2.

Building Type
House
Land Size
43814m2
Local Government
Ballina

Last Listing description (August 2015)

This bright, sunny secluded cottage, is set well back from the road. The rear garden is truly low maintenance with someone on hand to mow the lawn!! The rest is deeply mulched.
Sanctuary Village is not a retirement village, it is a way of life! Within the village there are, for the use of residents: a community hall, two swimming pools, tennis court, games room (pool table) & gym equipment, table tennis, yoga and art & craft mornings.
The cottage features:

* Master bedroom with triple aspect windows overlooking garden and paddocks beyond. Gas heater jack. TV outlet. External window shades.
* Second double bedroom has large window with pleasant outlook. TV outlet. Overhead fan.
* Third single bedroom also has pleasant outlook.
* Spacious lounge & dining area. Air con unit. Gas heater jack. TV outlet.
* Dining area leads thru bi-fold doors to large covered verandah: 6.5 x 5.0 metres.
* The bathroom has feature wall & shower tiles, English oak vanity.
* Laundry includes the front loading washing machine with oak top, large broom cupboard. Second guest toilet/washroom off the laundry.
* Country-style kitchen includes dishwasher, fridge & freezer, cooker.
* Office area.
* Craft/sewing area includes spacious linen/store cupboard with deep shelves.
* Carport and driveway.
* Powered garden shed 3.5 x 2.5 mtrs.
* Gas hot water & heating.
* Roof has eight solar panels & fully insulated minimising electricity costs.
* Two big fitted wardrobes with sliding doors.
* All areas not fitted with carpet have new laminate flooring.
The ground rent is $139 per week, which is subsidised for those eligible for rent assistance. There are no rates to pay, no strata fees and no stamp duty!! As an investment this property could realise a rent between $400 - $450 per week. There is an abundance of Australian birds and wildlife due to the fact that no cats or dogs are allowed in the village.
All household/recycling/garden refuse disposal is included in rent, along with amenities.
Lake Ainsworth, Seven Mile Beach, local shops, post office, great eateries along with the new library are a mere 2 to 3 kms away. For major shopping and the airport Ballina is a fifteen minute drive along the coast road, and the Gold Coast an hour away.

Property History for 22/502 Ross Lane, Lennox Head, NSW 2478

A timeline of how this property has performed in the market
  • 27 Apr 2015
    Listed for Sale $319,000

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About Lennox Head 2478

The size of Lennox Head is approximately 20.6 square kilometres. It has 14 parks covering nearly 4.5% of total area. The population of Lennox Head in 2011 was 6,146 people. By 2016 the population was 6,411 showing a population growth of 4.3% in the area during that time. The predominant age group in Lennox Head is 50-59 years. Households in Lennox Head are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lennox Head work in a professional occupation. In 2011, 71.9% of the homes in Lennox Head were owner-occupied compared with 74.2% in 2016.

Lennox Head has 4,670 properties. Over the last 5 years, Houses in Lennox Head have seen a 68.85% increase in median value, while Units have seen a 50.53% increase. As at 31 October 2024:

  • The median value for Houses in Lennox Head is $1,571,412 while the median value for Units is $1,084,716.
  • Houses have a median rent of $920 while Units have a median rent of $680.
There are currently 58 properties listed for sale, and 3 properties listed for rent in Lennox head on OnTheHouse. According to CoreLogic's data, 190 properties were sold in the past 12 months in Lennox head.

Suburb Insights for Lennox Head 2478

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.