Lennox unit rates $2.45m
By ANDY PARKS
A UNIT in Lennox Head has sold for a record $2.45 million after a couple from Western Australia bought it without even inspecting it.
According to PRD Nationwide principal Keith Jones, the couple were in Lennox Head for a week-long holiday and contacted him after they had arrived back home.
"It was quite unbelievable," he said. "They just walked past it, liked it and bought it."
The price is a record for a unit in Lennox Head, and is about $50,000 above the previous highest price. The record for a house in Lennox is $3.3 million.
The Allens Parade unit is about 10 years old and has four bedrooms, two bathrooms and two garages. Mr Jones said the premium price was paid for the views that it offered.
"You can see all the way along the beach from Lennox Point to Broken Head," he said. "There is a scarcity of beachfront properties. Very few come on the market, and when they do, people pay premium dollars."
Mr Jones believes prices around Lennox Head and other beachfront areas of the Northern Rivers will continue to soar.
"Prices in general have been going up at a rapid rate of knots for the past six to eight months, particularly in the prestige market" he said. "I expect that they will continue to soar. We had a record price for a house in Ballina recently, and now a record price in Lennox Head."
He said properties in the area were still reasonably priced, but those at the top end of the market were only going 'one way'.