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402/29 - 49 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
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Two bedroom apartment within Edgewater Residences

Spacious apartment within Edgewater Residences complex on the north side of Lake Orr. The apartment is walking distance to the Lake Orr walking track, numerous parks, public transport, Aldi shopping centre the Varsity Lakes sport house and boat shed and the popular Varsity College Primary and Secondary campus which is Australia's second largest school.Within a longer walk, or a short drive is Bond University, Market Square, Robina Town Center and Varsity Lakes railway station.<br>The largest backyard within the complex, ideal for residents with a pet. The current resident has done some landscaping to make the backyard a pleasant place to relax and enjoy the greenery.The facilities within Edgewater Residences are exceptional, with beautiful gardens, a large Gym, BBQ area, 20 metre lap pool, and table tennis games room.<br>Fiber to the home broadband internet is also available via Open networks retailers with speeds up to 200mb/s download available.<br>There is high demand in this area for rentals, which is why the property is suited to an investor. But don't let that stop you from inquiring if you are looking for a comfortable apartment to live in yourself.<br><br>If you are an investor, please contact the on site managers for a current rental appraisal.<br>Relevant figures:<br>- Body Corporate levies around $95 per week on average with levies issued three times per year.<br>- Council rates every 6 months, approximately $2,000 per year<br>- Current Lease is until 02/06/2024<br>- Market rate rent is around $750 per week.<br>You can contact the on-site managers at Edgewater Residences Shaun and Amy if you are interested in viewing the apartment.<br>Please note, when attending open home inspections at Edgewater, dial 99 bell at the main gate intercom and meet at the onsite office next to the pool area. Visitor parking is available within the complex.<br><br>Features include: Balcony,Fully Fenced,Outdoor Entertainment Area,Secure Parking,Swimming Pool - In Ground,Broadband Internet Available,Dishwasher,Gym,Intercom,Pay TV Access,Air Conditioning,Reverse Cycle Air Conditioning,Split-System Air Conditioning,Ensuite

Property Details for 402/29 - 49 Varsity Pde, Varsity Lakes

402/29 - 49 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Apartment with 2 parking spaces. The place is currently for sale with Custom Realty Group.

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Apartment

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About Varsity Lakes 4227

The size of Varsity Lakes is approximately 5.9 square kilometres. It has 23 parks covering nearly 10.6% of total area. The population of Varsity Lakes in 2011 was 14,365 people. By 2016 the population was 15,000 showing a population growth of 4.4% in the area during that time. The predominant age group in Varsity Lakes is 20-29 years. Households in Varsity Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Varsity Lakes work in a professional occupation. In 2011, 51.9% of the homes in Varsity Lakes were owner-occupied compared with 51.3% in 2016.

Varsity Lakes has 8,045 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 83.43% increase in median value, while Units have seen a 78.54% increase. As at 31 October 2024:

  • The median value for Houses in Varsity Lakes is $1,169,868 while the median value for Units is $779,938.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 33 properties listed for sale, and 25 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 425 properties were sold in the past 12 months in Varsity lakes.

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Amy Qin
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Custom Realty Group
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