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Sold on 14 Oct 2024 for $878,000

11/1 Assembly Drive
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 106m2
Land area: 520m2
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Property Details for 11/1 Assembly Dr, Varsity Lakes

11/1 Assembly Dr, Varsity Lakes is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2002. The property has a land size of 520m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom Townhouse sold in Varsity Lakes in the last 12 months.

Building Type
Townhouse
Year Built
2002
Floor Size
106m2
Land Size
520m2
Local Government
Gold Coast City
Lot/Plan
11/SP154548

Last Listing description (October 2024)

Stunning Boutique Townhouse in Varsity CBD!

*** Video Walk Through on Facebook - Varsity Lakes Property Group ***

Nestled in the heart of Varsity Lakes CBD, Mitch Harrop proudly presents 11/1 Assembly Drive, Varsity Lakes. This stunning townhouse in the sought-after Varsity Mews complex offers contemporary living at its finest. Boasting one of the largest floorplans in the complex, this home has been recently refreshed throughout, presenting a rare opportunity for luxurious and spacious living.

As you step inside, you'll be greeted by an impressive entrance foyer with a soaring void and statement chandelier, setting the tone for the home's grandeur. The expansive open-plan living and dining areas are bathed in natural light thanks to the home's north-facing aspect. These spaces seamlessly transition to a private alfresco area and a large, beautifully manicured backyard, creating an ideal relaxing and entertaining setting.

This home offers the ultimate convenience, positioned just moments from Bond University, Varsity College, and the vibrant Varsity Lakes CBD. Whether you're seeking a lock-up-and-leave lifestyle or a spacious forever home, this property will impress.

Boasting Home Features Include:

* Owner-occupied and ready for you to move in before Christmas
* Tastefully updated throughout leaving nothing to be done
* One of the largest floorplans in the complex, providing a rare opportunity
* Impressive foyer, featuring a grand void and striking chandelier, making an immediate impression
* Sun-drenched interiors, enhanced by a north-facing aspect, soaring high ceilings, and ample windows
* Spacious open-plan living with air conditioning seamlessly connecting the formal living, dining, and kitchen areas
* Gourmet kitchen complete with sleek stone benchtops, a breakfast bar, a pyrolytic self-cleaning oven, induction cooktop, and a stylish subway tile backsplash
* Effortless indoor-outdoor flow from the living area to a private, serene outdoor space
* North-facing backyard, surrounded by lush tropical gardens, offering privacy and tranquillity
* The covered outdoor patio is perfect for year-round entertaining, paired with a low-maintenance, astroturfed backyard
* Backyard equipped with external 240v powerpoints and irrigation system, ready for additional features like garden lights or a water feature
* A stunning array of tropical plant species, including Heliconias, Yakas, palms, ferns, and more, creates a vibrant garden escape
* The upstairs landing with statement windows overlooks the living space, leading to three spacious bedrooms, all with picturesque views and complemented by gorgeous new timber flooring
* The luxurious king-sized master bedroom features a private north-facing Juliet balcony, an ensuite, air conditioning, and a double-mirrored wardrobe
* Two additional bedrooms with built-in robes and ceiling fans, one with elevated views of Burleigh and the other overlooking the garden
* Convenient downstairs powder room for guests, along with a single lock-up garage featuring updated flooring, a built in laundry, internal access, and additional designated parking
* Recent upgrades include energy-efficient LED lighting, dimmable bedroom lights, an elegant LED chandelier, kitchen stone benchtops, pyrolytic self-cleaning oven, induction cooktop, wooden flooring, new toilets, exhaust fans, fresh internal paint, and crimsafe security screens

Council Rates: Approx. $1,020 bi-annually
Water Rates: Approx. $490 per quarter
Body Corporate: Approx. $88 per week
Rental Appraisal: $850 - $900 per week

Boasting Complex Features Include:

* Boutique complex of 26 properties
* Resort style swimming pool and BBQ area
* Security gated with intercom
* Ample visitor car parking

If you are looking to own or invest in this much sought-after complex in the heart of Varsity Lakes with a short walk to the restaurants of Varsity CBD and minutes to Bond University, then come and see this fantastic home.

Contact your local agent for more information, Mitch Harrop, today!

Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
* denotes approximate measurements.

Property History for 11/1 Assembly Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$878,000
14 Oct 2024
Listed for Rent
$395/w
28 Jul 2010
  • 14 Oct 2024
    Sold for $878,000
  • 11 Oct 2024
    Listed for Sale Open Home Cancelled
  • 14 Apr 2021
    Sold for $571,000
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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 8,039 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 30 properties listed for sale, and 27 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 445 properties were sold in the past 12 months in Varsity lakes.

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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.