SOLD
RECENT ADVICE
Sold on 21 May 2024 for $470,000

40/7 Park Lane
Lennox Head NSW 2478

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 40/7 Park Lane, Lennox Head

40/7 Park Lane, Lennox Head is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 1 bedroom Unit sold in Lennox Head in the last 12 months.

Building Type
Unit
Local Government
Ballina
Lot/Plan
40/SP62832

Last Listing description (May 2024)

This charming one-bedroom holiday apartment offers an exceptional opportunity to invest in a prime location that combines ongoing financial returns with convenient coastal living. Nestled within the well-managed Lennox Beach Resort community, this tastefully furnished property boasts a fresh appeal and is strategically situated, with Lennox Heads vibrant village shopping, dining options, and picturesque beaches just 300m away. Here are five key highlights:

Nothing to do, already tastefully renovated
An easy-maintenance open layout perfect for relaxation.

The advantage of two good-sized balconies, one with outdoor spa bath
Well-equipped kitchen plus internal laundry for added convenience.
Resort-style amenities such as pools, an onsite restaurant, and a pickleball court for residents enjoyment.

For those seeking a seamless investment opportunity, this apartment is offered for sale with all inventory included (inventory list available upon request).

Property History for 40/7 Park Lane, Lennox Head, NSW 2478

A timeline of how this property has performed in the market
Last Sold
$470,000
21 May 2024
  • 20 May 2024
    Sold for $470,000
  • 19 Sep 2023
    Listed for Sale For Sale: $460k - $500k
  • 09 Sep 2016
    Sold for $255,000
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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 4,668 properties. Over the last 5 years, Houses in Lennox Head have seen a 66.23% increase in median value, while Units have seen a 50.28% increase. As at 31 August 2024:

  • The median value for Houses in Lennox Head is $1,585,703 while the median value for Units is $1,076,069.
  • Houses have a median rent of $875 while Units have a median rent of $680.
There are currently 59 properties listed for sale, and 8 properties listed for rent in Lennox head on OnTheHouse. According to CoreLogic's data, 188 properties were sold in the past 12 months in Lennox head.

Suburb Insights for Lennox Head 2478

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Contact agent
Graham Houston
Show contact details
McGrath Ballina
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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.