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NSW › Lennox Head › Gibbon St

U1 And 2, 42 Gibbon St, Lennox Head NSW 2478

For saleSemi-detached

$3,197,250–$3,516,975

For sale

Asking range

6

Bedrooms

4

Bathrooms

4

Car spaces

750 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $3,197,250–$3,516,975 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $3,197,250–$3,516,975(Listing record · 16 Dec 2024)
  • CalculationRecorded Semi-detached sales in Lennox Head (last 5 years) with land size: median $3,381/m² of land (n=6). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 91% above the Lennox Head median recorded sale ($1,670,000, n=25, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Lennox Head's advertised median rent ($1,052/wk), implied gross yield would be 1.71% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$3,197,250–$3,516,975

Asking range · $4,263/m² of land

No recorded sale for this property.

Local land rate: recorded Semi-detached sales in Lennox Head (last 5 years) with land size have a median of $3,381/m² of land (n=6). Districts calculation from recorded sales — not a valuation.

Lennox Head at a glance

7,854

People

$1,670,000

Median sale

$1,052/wk

Median rent

3.28%

Suburb gross yield

Median sale from 25 recorded sales (last 12 months) — a Districts calculation.

See the full Lennox Head report →

Vs Lennox Head

+91.5%

Median sale

Suburb $1,670,000

-1.57 pp

Gross yield

Suburb 3.28%

Suburb median $1,670,000 from 25 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$3,197,250
Stamp Duty (New South Wales)
$157,861
Transfer/Registration Fee
$167
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$3,358,978

$161,728 on top of the price (5.1% extra)

  • Stamp Duty (New South Wales)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Lennox Head's advertised median rent — not a rent for this listing.

Net yield
0.21%
Annual cashflow (pre-tax)
$-159,512
Interest cover (DSCR)
0.04
Annual rent
$54,704
Operating expenses
$47,959
Loan amount
$2,557,800
Annual interest
$166,257
Gross yield
1.71%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$3,197,250–$3,516,975available16 Dec 2024

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $1,052/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Lennox Head in one glance

Lennox Head at a glance

7,854

People

$1,670,000

Median sale

$1,052/wk

Median rent

3.28%

Suburb gross yield

Median sale from 25 recorded sales (last 12 months) — a Districts calculation.

See the full Lennox Head report →

Keep researching

  • Why Lennox Head? Read the area thesis →
  • What else is on the market in Lennox Head →
  • Other records on Gibbon St →

Listing material

Listed by Buy My Place

ONCE IN A LIFETIME OPPORTUNITY KNOCKS

Phone Enquiry ID: 230140

Rare, unmatched property sale of adjoining single level, 3-bedroom duplexes in prime position, located in the downtown seaside village of Lennox Head, Northern NSW. Package pair (individually strata registered with separate rates) being offered by lifelong resident. This is an opportunity where you can just start living and enjoy what is on offer.

Comfortable, easy design layouts with spacious timber decks designed for outdoor coastal living (refer to floor plans). Each duplex compromises of 3 bedrooms, a three-way bathroom plus ensuite, and 2 car parkings. Mirror images except for Unit 2 having a bonus separate access via a sliding door in Bedroom 2.

Read the full description

Exceptional lifestyle convenience with the duplexes located close to everything Lennox Head has to offer, dog-friendly and surf beaches, Lake Ainsworth, local shops, restaurants, cafés, parks, bowling club and hotel. Conveniently located bus stop, offering local school bus service and a short bus trip for you to enjoy the buzz and vibrancy of Byron Bay, local festivals, and surrounding towns and the hinterlands. Easy access to Ballina/Byron Gateway Airport, or head north to the Gold Coast or Brisbane.

Easy maintenance brick and tile duplexes with potential to make it your own. Self-managed strata, no strata fees, 2024 combined rates $1,568 per quarter.

Unit 2 is currently rented to a long-term, reliable tenant who is happy to continue. Lease to be negotiated at the point of sale.

Inspection by appointment only.

Listing description written by buyMyplace, Buy My Place — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Ensuites: 1
  • Outdoor Entertaining
  • Water Tank

Also look at

Also for sale in Lennox Head

  • 2/32 Gibbon St, Lennox Head NSW 2478

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  • U1, 42 Gibbon St, Lennox Head NSW 2478

    3-bed semi detached. Asking $1.45M.

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  • 3 Sapphire Ct, Lennox Head NSW 2478

    5-bed house. Currently listed.

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  • 67 Salt Air Circuit, Lennox Head NSW 2478

    0-bed land. Currently listed.

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.