OFF MARKET

1/12 Lantau Crescent
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 3
Floor area: 112m2
Land area: 106m2
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Property Details for 1/12 Lantau Cres, Varsity Lakes

1/12 Lantau Cres, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 3 parking spaces and was built in 2004. The property has a land size of 106m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Year Built
2004
Floor Size
112m2
Land Size
106m2
Local Government
Gold Coast City
Lot/Plan
1/SP167930

Last Listing description (December 2021)

This property is a prime investment opportunity. A fantastic tenant in place until September 2022 paying $450 per week. The tenant has been there for a number of years and is extremely neat and tidy. Body corp of only $34 per week. Spacious in design with two large bedrooms both enjoying en-suite bathrooms.
Open plan living and dining combination with a generous gourmet kitchen.

Features;

2 spacious bedrooms
2 bathrooms
open plan living and dining
gourmet kitchen
2 car garage (tandem)
low maintenance
low body corp at $34 per week
rates and water approx $3000 per year
air conditioner and ceiling fans

Located within the catchment area for both Varsity and Primary High Schools. Close proximity to Bond University, Robina Town Centre and some of the Gold Coast's best beaches on offer. The Varsity Train Station and M1 Freeway are within minutes drive. Inspections by appointment and highly recommended.

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Property History for 1/12 Lantau Cres, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$565,000
12 Oct 2021
Listed for Rent
$390/w
19 Sep 2013
  • 12 Oct 2021
    Sold for $565,000
  • 06 Oct 2021
    Listed for Sale Offers above $499,000
  • 07 Sep 2013
    Listed for Rent $390 / week
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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 8,043 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 30 properties listed for sale, and 27 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 424 properties were sold in the past 12 months in Varsity lakes.

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