26 Silkwood Rd

Welcome to Silkwood House a rare 50% co-ownership opportunity in Lennox Head. This is not the sale of the whole property. This listing is for the remaining proposed 50% Tenants-in-Common co-ownership position in a premium Lennox Head home and granny flat, currently operating as a furnished, income-producing VIP share house. The full property value is being presented at approximately $2,000,000. One 50% position is already retained by the existing resident owner/caretaker, who will continue to live at the property and manage the day-to-day operation of the home, tenants, gardens, pool/spa area, maintenance and household systems. The remaining 50% ownership position is now available to one incoming co-owner. Importantly, the available buy-in is not calculated as half the full property value. 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 $2,000,000 property value and an approximate $1,593,000 equity position, 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 creates a lower entry point into a substantial Lennox Head property, while still providing 50% ownership, 50% exposure to future capital growth potential and 50% of the agreed monthly surplus income. 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 along the shoreline. Behind the back fence, the reserve stretches out in quiet green layers, with birdlife in the trees and the occasional hang glider floating above the headland 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 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. 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 an incoming co-owner, the granny flat may offer a rare optional benefit: the ability, by agreement, to retain personal access to a private Lennox Head retreat 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 light rises over the trees, and the sauna and plunge spa are only a few steps away. The Opportunity The property is currently operating as a furnished VIP share house with gross rental income of approximately $1,950 per week. The opportunity is designed for a buyer who may want: 50% ownership of a premium Lennox Head property An equity-based entry point rather than paying half the full property value 50% exposure to future capital growth potential 50% of the agreed monthly surplus income An established income-producing setup already in place Resident owner/caretaker management already operating Optional granny flat access by agreement A structured co-ownership arrangement with clear legal documentation A practical pathway into Lennox Head without needing to purchase the whole asset alone This opportunity will not suit everyone. It 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. Interested buyers should seek independent legal, financial, lending and taxation advice before proceeding.