1/478 Scottsdale DriveVarsity Lakes QLD 4227
Property Details for 1/478 Scottsdale Dr, Varsity Lakes
1/478 Scottsdale Dr, Varsity Lakes is a bedroom, bathroom Unit with 1 parking spaces and was built in 1991. The property has a land size of 238m2. While the property is not currently for sale or for rent, it was last sold in September 2014.
Last Listing description (July 2014)
VARSITY LAKES INVESTMENT
This 302m? modern tilt panel, front Industrial Unit with a well established National Franchisee Tenant, on 3x3x3 lease returns close to 7.6% annual yield. Located on the popular Scottsdale Drive in Varsity Lakes, future capital growth and rental yields are well grounded in the corridor linking to Robina, with significant recent investments completed. In addition, the premises include a first floor quality office space of 65m?, currently available for lease, with the potential to raise the annual yield in excess of 9.4% Packages of this quality are rare, great investment and/or self managed super fund.
Property History for 1/478 Scottsdale Dr, Varsity Lakes, QLD 4227
- 17 Sep 2014Sold for $670,000
- 30 Jun 2014Listed for Sale $690,000
- 04 Jun 2009Sold for $615,000
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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 8,048 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.
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