OFF MARKET

1516/397 Christine Avenue
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 92m2
Land area: 15355m2
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Property Details for 1516/397 Christine Ave, Varsity Lakes

1516/397 Christine Ave, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 15355m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in July 2021.

Building Type
Unit
Year Built
2017
Floor Size
92m2
Land Size
15355m2
Local Government
Gold Coast City
Lot/Plan
0/SP288457

Last Listing description (June 2022)

INSPECTIONS AVAILABLE Tues-Sat: - 8 am ‘til 2 pm.

HIGHLIGHTS: - Two Bedroom, Two Bathroom Unit – B/Corp $85 pw apx. - Near New Presentation - Near Bus Stop – Large 105m2 Unit size – Walk to Shops.

KITCHEN: - Stone Tops, Stylish two tone design, 5 Drawers, 17 Cupboards, Dishwasher, Stainless Steel Miele Cooktop & Oven, double sink pus Microwave shelf.

LIVING: - Open Plan Tiled Lounge room with extra high 2.7 m ceilings. double roller blinds (sheer & block-out), Ducted heat/cooling. Tranquil outlook from generous balcony overlooking the Nature Reserve / Koala Sanctuary.

BEDROOMS: -
Bed 1; Fully carpeted, double walk-thru robe, double roller blinds (sheer & block-out), high ceilings, view to reserve, ensuite.
Bed 2; Fully carpeted, triple built-in robe, high ceilings, internal view

BATHROOMS: - Exquisitely designed and generously proportioned. Double vanity in ensuite, single vanity in main bathroom. Shower over bath in main & extra large shower in ensuite.

UTILITIES: - Special bulk rate energy plan thru LPE. And unlimited internet plan thru LBN Co.

ONSITE FACILITIES: - This unit is in Building One and was built in 2017. With the other two buildings 376 units share the following facilities; Residents Lounge/Library, Lap Pool, Sauna, Gym, Cinema, Golf Simulator, BBQ Facilities, Secure Basement Parking, Visitors Parking.

SIZES:

Unit - 105 m2
Bed One – 3.3 m x 3.2 m
Bed Two – 3.4 m x 3.1 m
Lounge – 6.9 m x 4.5 m
Car Space – 5.6 m x 2.5 m

INCOME ESTIMATE:

$485 per week (currently tenanted)
Lease expires – 08/09/2021
Perfect timing to move in yourself, or keep it as an investment property.

OUTGOINGS:

Council - $1800 per year
Water - $400 per quarter
Body Corp - $85 per week

SCHOOL CATCHMENT ZONE:

Varsity Primary School
Varsity Secondary School

FEATURES & OPTIONS:

Air conditioning
Ensuite
High ceilings
Built in robes
Views – Parkland Reserve / Koala Sanctuary

DISTANCES:

Bus Stop – 270 m
Local Shops – 550 m
Major Shopping Centre – 4.5 km

Primary School – 0.8 km
High School – 3.9 km
Parkland – 10 m

Highway – 2.8 km
Train Station – 2.6 km
Beach – 4.7 km

INSPECTIONS AVAILABLE Tues-Sat: - 8 am ‘til 2 pm.

SUBURB PROFILE - VARSITY LAKES

Varsity Lakes was created in 2002 when the suburb of Stephens was amalgamated with Andrews and a section of Robina to form this new fully-planned community.
The suburb is conveniently located around 13 kilometres from Surfers Paradise and less than a seven minute drive from Burleigh beach. Close proximity to the Pacific Motorway and Robina train station make Varsity Lakes easily accessible.

Situated on Lake Orr and alongside Bond University, Varsity Lakes features an extensive network of beautifully presented waterways and recreational parks, which are linked by more than 20 kilometres of walking and bike trails. New and existing houses, units and townhouses are available to buy or rent throughout the suburb.

Varsity College provides education for preschool to Year 12 and a range of additional education options are located in nearby suburbs. Cafes, restaurants and a range of retail outlets are on offer at the Lakefront Market Square and a burgeoning business district exists at Varsity Central, providing a range of local employment opportunities.

Property History for 1516/397 Christine Ave, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$450,000
22 Jul 2021
  • 22 Jul 2021
    Sold for $450,000
  • 21 Jun 2021
    Listed for Sale $439,000
  • 24 Feb 2021
    Listed for Rent $485 / 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 8,093 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 86.62% increase in median value, while Units have seen a 77.39% increase. As at 31 July 2024:

  • The median value for Houses in Varsity Lakes is $1,162,033 while the median value for Units is $760,798.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 40 properties listed for sale, and 30 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 448 properties were sold in the past 12 months in Varsity lakes.

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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.