130/251 Varsity ParadeVarsity Lakes QLD 4227
Property Details for 130/251 Varsity Pde, Varsity Lakes
130/251 Varsity Pde, Varsity Lakes is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2004. The property has a land size of 2849m2 and floor size of 145m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (October 2023)
There is so much to like about the Reserve Apartments in Varsity Lakes. This iconic apartment complex is exceptionally popular with families, professional couples and investors. With high yielding rents from $1000 to $1100 per week. Now is the right time to buy an investment. For those that plan to live here, the action is just a short stroll out the front with a wide array of outstanding restaurants such as Oscars Italian & Tapas Bar, the Paris Cafe, Lakehouse Brewhouse and the newest cafe... Side Piece Cafe that just opened this month. For those that are active, why not try a spot of fishing or maybe take on the kilometers of walking tracks that meander around Lake Orr, you might well be surprised with the variety of bird life on offer.
Act quickly! This apartment is ready for you to move into now! The owners of this superb sub penthouse in The Reserve have best described the main reasons they bought this home was for the "facilities, views and overall size". Offering 3 separate living spaces and an office that will impress any "work from home" operator.
With resort-like facilities you will be surprised and impressed with the freeform sandy beach pool, spa, gyms, library and even a movie theatre. With loads of natural light flooding through the north facing stacking doors & floor to ceiling bay windows the apartment captures views from almost every room. This functional layout will suit those looking to invest, couples looking to downsize but wanting to upsize on luxury.
What's New?
New Composite Floor Living Areas
New Split Air-Conditioner
Brand New Fans
Freshly Painted Interior Walls
Recently renovated Kitchen
The Sub Penthouse:
Lift Access
3 Bedrooms
1 Large Office or convert to 4th bedroom
2.5 Bathrooms
2 car parking with adjacent storage cage
Walk-in Laundry
A spacious entertainers balcony on lower level & private upper balcony from bedrooms 2 &3
Atrium views from upper balcony
A master retreat with tree-lined views, large walk through wardrobe & ensuite
Bright & airy with natural light and high ceilings
Multiple living/dining areas
Designer kitchen with plenty of storage & preparation space
Expected Rental Returns $1100 to $1200 per week.
Body Corporate Levies $148 per week
Council Rates $917.15 (1st January to 30th June 2023)
Water $444.29
The Reserve Facilities:
47 metre lagoon pool with sandy beach
Two BBQ areas + tables and chairs
Two fully equipped gymnasiums
Steam room & plunge pool
In-ground spa
Private theatre room for 10 people
Fully stocked library
Well maintained gardens
Private and exclusive lakeside boardwalk around Lake Orr
Lakeside and poolside Bali Huts
Central Varsity Highlights:
Loads of Community Events such as "Winterfest" and street festivals
Live Music and Trivia Nights
Walking Distance to every shop and cafe in a 200 metre radius
Comfort Coffee & Donuts from D point 10
Bottoms up! The Lake Brewhouse fantastic lakeside position
CBD hotel- Have a punt and a meal.
IGA Convenience- Fantastic for essentials just 150 metres away!
Varsity College- 350 metres away
Lakeside walks are waiting for you, kilometres of walking tracks
Bond University- have a son or daughter?
This property is going to auction so all offers will be considered.
Property History for 130/251 Varsity Pde, Varsity Lakes, QLD 4227
- 08 Sep 2023Sold for $888,000
- 14 Jul 2023Listed for Sale $915,000
- 03 Jan 2023Listed for Rent $1,000 / 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 8,048 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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