Lennox Head land sales confirm a return of confidence in coastal New South Wales, with 13 sales in Stage 2 of Elevation Estate for a total value of $3.9 million over the past two months.
With full support of regional estate agents and builders, Elevation is well on the way to a sell-out of its latest release and is already in planning for construction of the next stage, for expected completion early next year.
Elevation is positioned at the very top of North Creek Road in Lennox Head, with uninterrupted hinterland views preserved in perpetuity through zonings.
Nurtured as a country estate by the sea, the community is bounded by majestic established trees and an historic dry stone wall built by the Henderson family in the 1850s.
Generous plantings of mature native trees and a state-of-the-art childrens’ playground with swings, a slide, cubbies and climbing structures have been key factors in many of the estate sales.
“We’ve just last week received DA approval for Stage Three at Elevation from Ballina Council,” said Gary Ingram, from developer Urbex.
“I’m not a bit surprised at the strong sales and I expect to see a lot more. It’s superb land at a superb price and there is no other comparable land available in Lennox Head at this point.
“It’s a good time to buy and the market is reflecting that.”
On-site Marketing Manager Garth Hudson said: “We have 14 homesites available, including some of our best, at prices likely never to be repeated in the rising market predicted for the final quarter of this year.
“For buyers with an eye for value, we have a great selection of high, level blocks some with ocean glimpses and all with ocean breezes, ranging in price from $260,000 and in size up to a very private 2334m².”
As growing numbers of Sydneysiders move in, Lennox is accommodating them as well as the increasing numbers of Byron Bay residents taking a seachange to Lennox.
A sophisticated retail and restaurant strip is quietly developing and luxurious apartments are appearing not only in the beachfront strip but within the village itself.
To date locals have been by far the biggest purchasers at Elevation, with more than 70% of sales going to Northern Rivers residents.
Call Garth on 1300 762 552 to chat about Elevation or visit www.elevationlennoxhead.com.au