109/29-49 Varsity ParadeVarsity Lakes QLD 4227
Property Details for 109/29-49 Varsity Pde, Varsity Lakes
109/29-49 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2013. The property has a land size of 132m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in April 2023.
Last Listing description (May 2023)
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.
The largest layout of apartments in the complex and features two balconies, one on the north side and one on the south side for maximum ventilation.
Within a longer walk, or a short drive is Bond University, Market Square, Robina Town Center and Varsity Lakes railway station.
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 enquiring if you are looking for a comfortable apartment to live in yourself.
The facilities within Edgewater Residences are exceptional, with beautiful gardens, a large Gym, BBQ area, 20 meter lap pool, and table tennis games room.
Fibre to the home broadband internet is also available via Openetworks retailers with speeds up to 200mb/s download available.
If you are an investor, please contact the on site managers for a current rental appraisal. The property is currently rented with tenants due to vacate within the next month.
Relevant figures:
- Body Corporate levies - $80-$85 per week on average with levies issued three times per year.
- Council rates every 6 months, approximately $2,000 per year
- Property will vacating 9th April 2023, and new rent will be $700 to $750 per week.
You can contact the on-site managers at Edgewater Residences Shaun and Amy if you are interested in viewing the apartment.
Property History for 109/29-49 Varsity Pde, Varsity Lakes, QLD 4227
- 20 Apr 2023Sold for $610,000
- 24 Mar 2023Listed for Sale Offers over $599,000
- 29 Aug 2019Listed for Rent - Price not available
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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.
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