SOLD
RECENT ADVICE
Sold on 31 May 2024 for $940,000

132/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
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Property Details for 132/251 Varsity Pde, Varsity Lakes

132/251 Varsity Pde, Varsity Lakes is a 4 bedroom, 3 bathroom Apartment with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom Apartment sold in Varsity Lakes in the last 12 months.

Building Type
Apartment
Local Government
Gold Coast City
Lot/Plan
132/SP151076

Last Listing description (May 2024)

The Jon Paul Team is proud to present another unique apartment in the tropical setting known as " The Reserve". Act quickly and come along to view this two level sub penthouse in the Sea Eagle building.

Now is the time to pack your bags and secure this unique proposition.

This iconic apartment complex is so central and has become popular with families, professionals and investors. For families the facilities are what you would expect at a tropical getaway, the lagoon styled pool is framed with lush & manicured gardens and sandy shores are popular with sunbathers that you will often find soaking up the sun.

For the professionals, the complex is right in the hub of the CBD and University is across the road, within a short drive you can either catch the fast train to Brisbane or simply drive yourself, there's no better place to unwind after a long day at work. Investors take note…Varsity Lakes has been recognised as having one of the highest yielding rents on the Gold Coast so expect up to $1200 per week approximately for this true 4 bedroom.
With easy access from the basement, ground level, views of Surfers Paradise and a north facing position this apartment is light, airy and private.

Step inside and you have your own private lobby entrance to welcome friends and family, the separate dining room could also serve as an office, workout zone or even kids retreat, the possibilities are endless. Just freshly painted and a new A/C installed, this apartment offers loads of character that is worth placing on your short list!

• Lift access from the basement and ground level
• Just repainted this month
• 4 bedrooms
• 3 full-sized bathrooms (1 with a bath)
• 2 Car Parks
• Large storage cage
• Walk-in laundry
• Master Retreat with tree-lined views
• 2 x Mitsubishi hyper inverter Air Conditioning units (ducted and split system)

Outgoings:
- Council Rates: $1,842 per annum
- Water Rates: $340 per quarter
- Body Corporate $194 per week

Property History for 132/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$940,000
31 May 2024
Listed for Rent
$800/w
10 Nov 2020
  • 24 May 2024
    Sold for $940,000
  • 03 Apr 2024
    Listed for Sale $950,000
  • 09 Nov 2020
    Listed for Rent $800 / 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 8,045 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.
There are currently 30 properties listed for sale, and 27 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 426 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

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Jon Paul
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Ray White Robina
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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.