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Sold on 08 Dec 2023 - Price Unavailable

1/3 Georgetown Street
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Property Details for 1/3 Georgetown St, Varsity Lakes

1/3 Georgetown St, Varsity Lakes is a 3 bedroom, 2 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 3 bedroom House sold in Varsity Lakes in the last 12 months.

Building Type
House
Local Government
Gold Coast City
Lot/Plan
1/BUP104235

Last Listing description (December 2023)

What an opportunity!! This is a rare find. This single level, 3-bedroom duplex has a fantastic floor plan and position.

Minutes to Burleigh Beach, Lake Orr, Robina Town Centre, Bond University, the M1 motorway, Varsity College, Caningeraba State School, Broadbeach, local shops, cafes and restaurants, you have everything at your fingertips.

Inside, the home is well thought out. The master bedroom is on one side of the house (with ensuite) and the two other bedrooms on the other with the main bathroom and garage. The kitchen, living and outside entertaining are the centrepiece of the space and the block is easily maintained and importantly, safe and enclosed.

This is an ideal home for downsizers, first home buyers, investors, working couples and in terms of long term capital growth, this one is an absolute gold mine, with its proximity to all the best that the Gold Coast has to offer and still to be realised potential of Varsity Lakes.

The neighbourhood is convenient, quiet, walkable and is family friendly. You can engage or just smile and wave.

As you can tell, I'm a pretty big fan of the home, the area and the locals and urge you to give me a call on 0475 046 561 if you have any questions or if you' like more information on inspection times.

HIGHLIGHTS:

• Solid Single Storey duplex with an enclosed block
• 3 Bedrooms/2 Bathrooms/Double lock up garage
• Generous living areas that lead to outside entertaining and bedrooms
• Air conditioning
• Great floor plan ideal for families, downsizers and investors
• Open kitchen
• Safe neighbourhood with a great sense of community
• A short walk to Lake Orr and the water
• Dining/meals area
• Quality kitchen appliances
• Well maintained
• Separate laundry
• Fantastic investment in a high growth area
• Very close to Schools, Hospital, Robina Town Centre, Bond University and Burleigh Beach!

POTENTIAL INCOME:

Rental potential: $850- $900 week (approx)
Airbnb/Stayz: $195 - $595 per night (entire home depending on season)

SCHOOL CATCHMENT ZONE:

Caningeraba State School
Varsity College Senior School
Bond University

DISTANCES:

Bus Stop - 350 m
Local Shopping Centre - 400 mm
Major Shopping Centre - 4.6 km

Primary School - 3. km
High School - 4.3 km by car and 2.1 km by push bike
Parkland - 165 m

Highway - 3.5 m
Train Station - 3.5 km
Beach - 3.9 km
Hospital - 6.5 km

Property History for 1/3 Georgetown St, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
08 Dec 2023
  • 30 Nov 2023
    Sold for $890,000
  • 22 Nov 2023
    Listed for Sale Offer Deadline - 8th December
  • 10 Feb 2018
    Sold for $505,000
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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 8,047 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 88.34% increase in median value, while Units have seen a 72.99% increase. As at 30 September 2024:

  • The median value for Houses in Varsity Lakes is $1,169,841 while the median value for Units is $755,001.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 26 properties listed for sale, and 28 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.

Suburb Insights for Varsity Lakes 4227

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Greg Corcoran
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Ray White TMG
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.