$2m lennox head property — full ownership or 50% co-ownership from approx. $796k

Property Description

Silkwood House, Lennox Head — 100% Ownership or 50% Co-Ownership Opportunity

A premium Lennox Head property is now being offered with two possible purchase pathways.

Option 1: Purchase 100% of the property — approximately $2,000,000

Option 2: Purchase the remaining 50% co-ownership position — approximately $796,000

Welcome to Silkwood House, a beautifully established Lennox Head home and granny flat offering a rare combination of lifestyle, location, income and flexible ownership.

This property may suit a buyer looking for a beautiful coastal family home, an income-producing investment property, or a passive co-owner seeking a lower-entry pathway into the Lennox Head market through a proposed 50% Tenants-in-Common ownership structure.

Tucked quietly into one of Lennox Head’s most desirable pockets, this Perry-built rendered brick and tile residence sits on a level 700 m² block, backing directly onto a peaceful nature reserve at the base of the Lennox Headland.

From the moment you arrive, the home has a calm coastal feel. In the afternoon north-easterly breeze, you can often hear the distant sound of waves from the beach. Behind the back fence, the nature reserve stretches up toward the headland in quiet green layers, with birdlife in the trees and the occasional hang glider floating above the ridge.

Yet everything that makes Lennox Head special is close by. A short walk takes you to Seven Mile Beach, local cafés, morning surf checks and the relaxed village atmosphere that has made Lennox one of the Northern Rivers’ most sought-after coastal communities. Epiq Marketplace is also nearby for everyday essentials.

Silkwood House has been thoughtfully developed to combine comfort, lifestyle and income-producing flexibility.

The main residence features four well-proportioned bedrooms, two bathrooms, open-plan living, solar power, established household systems and a practical single-level layout designed for easy maintenance. Large windows and sliding doors bring natural light through the living areas and connect the home to covered outdoor entertaining spaces, lawns and garden outlooks.

The property is currently operating as a furnished, income-producing VIP share house with gross rental income of approximately $1,950 per week.

Beyond the main living area is one of the property’s strongest lifestyle features — the private resort-style pool zone.

This area includes a pool house retreat, infrared sauna and a six-foot-deep plunge spa with heating and chilling systems, allowing it to be enjoyed year-round. Whether it is an afternoon dip after the beach or a warm evening soak under the stars, this space adds genuine lifestyle value.

The Granny Flat Retreat

Tucked privately toward the rear of the property is a self-contained granny flat of approximately 40 m², with its own access and a sense of separation from the main residence.

For a whole-property buyer, the granny flat adds lifestyle flexibility, guest accommodation potential or additional income options.

For an incoming 50% co-owner, the granny flat may offer a rare optional benefit: the ability, by agreement, to retain personal access to the granny flat while also holding a 50% ownership position in the broader property.

Fly into Ballina Byron Gateway Airport, collect a hire car, and within roughly 15 minutes you can arrive at Silkwood House. Step through the garden path into your own quiet retreat overlooking the reserve. Morning coffee can be enjoyed while the sun rises over the trees, and the sauna and plunge spa are only a few steps away.

Key Highlights

4-bedroom main residence

Self-contained granny flat of approximately 40 m²

Level 700 m² block backing onto nature reserve

Furnished, income-producing VIP share house setup

Gross rental income of approximately $1,950 per week

Pool house retreat, plunge spa and infrared sauna

Solar power and established household systems

Walking distance to beach, cafés, shops and Epiq Marketplace

Approximately 15 minutes to Ballina Byron Gateway Airport

Approximately 20 minutes to Byron Bay

The Purchase Options

Option 1: 100% Whole Property Purchase

Purchase the entire property at approximately $2,000,000, subject to negotiation, contract terms and due diligence.

This option may suit a buyer wanting full ownership of a premium Lennox Head home with a granny flat, resort-style outdoor area and an established income-producing setup already in place.

As a whole-property purchase, the buyer would control the full asset and could choose whether to continue the current furnished share house model, occupy the property privately, rent the granny flat separately, or reshape the property to suit their own lifestyle or investment goals.

Option 2: 50% Co-Ownership Position

The second option is to purchase the remaining proposed 50% Tenants-in-Common co-ownership position at an indicative buy-in of approximately $796,000.

This 50% buy-in is not calculated as half the full property value. Instead, it is proposed to be based on half the existing equity, after allowing for the current mortgage of just over $400,000.

Based on an approximate property value of $2,000,000 and an approximate equity position of $1,593,000, the indicative buy-in for the remaining 50% ownership interest is approximately $796,000, subject to final figures, legal documentation, lender requirements and due diligence.

This option may suit a buyer who wants exposure to Lennox Head capital growth while receiving a share of the monthly surplus income from an established property setup. The incoming co-owner would share the agreed debt, income, expenses and ownership responsibilities with the existing resident owner/caretaker.

One 50% ownership position is already retained by the existing resident owner/caretaker, who can continue living at the property and managing the day-to-day operation of the home, tenants, gardens, pool/spa area, maintenance and household systems.

This creates a lower entry point into a substantial Lennox Head property, while still offering 50% ownership, 50% exposure to future capital growth potential and 50% of the agreed monthly surplus income.

For the right buyer, this may provide many of the key benefits of property ownership without needing to purchase the entire asset alone.

This opportunity will not suit everyone. The 50% co-ownership option is not a standard residential sale, a room rental, a timeshare or the sale of the whole property. It is a proposed 50% co-ownership interest under a Tenants-in-Common structure, recorded on title and supported by appropriate legal documentation.

Interested buyers should seek independent legal, financial, lending and taxation advice before proceeding.

For more information on how a 50% Tenants-in-Common sales contract may work for this property, visit www.sharetic.com.au

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