OFF MARKET

167/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 106m2
Land area: 1755m2
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Last updated 11 Nov 2024
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Property Details for 167/251 Varsity Pde, Varsity Lakes

167/251 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 1755m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
Unit
Year Built
2004
Floor Size
106m2
Land Size
1755m2
Local Government
Gold Coast City
Lot/Plan
167/SP151077

Last Listing description (September 2022)

We all know the 5 senses of touch, sight, taste, smell & hearing. However the 6th and probably most underrated but equally important sense is intuition. You know that feeling you get in your gut that gives you butterflies and makes you think "this is the right one"? Well, you may have just discovered the perfect home to meet all the needs for you and your senses. This spacious 2 bedroom apartment aims to please! Offering wide water views overlooking Lake Orr, you will love the convenience this home offers.

Feel & experience for yourself...
the cool southerly breezes in summer from your own private position overlooking the lake to taking on the activities to do at "The Reserve" from swimming, in the sandy freeform pool, to catching up with friends either at your place or community kitchen. There's now two gyms too so cash in that gym membership and join one here that's free! There's also an indoor sauna, plunge pool, spa and library that you may expect to see at a resort or day spa.

Smell & Tastes are...
just a 5 minute walk away, there's a myriad of restaurants, hotels and cafes to choose from. Varsity Lakes is home to a rustic German bakery, a Brewhouse, Authentic Italian and many Asian food choices. Come see why the friendly locals love to call Varsity Lakes home.

Listen to...
the lapping of the lake waters against the rocks or take a stroll yourself and discover over 3 km of walking track in and around Lake Orr.

See with your own eyes...
the freshly painted interior, new carpets and LED lighting and outstanding views over Lake Orr. The views from this middle floor apartment are simply stunning, so come and see these for yourself. Lake Orr is home to many and varied animals, the swans, seagulls and schools of stingray are a common sight, so expect to see loads of the local fauna

Intuition...
you will know you have arrived home and bought one of the best examples in The Reserve, don't miss this year's best opportunity and secure a home you can move straight in too!

Now use your common sense and make an offer as all will be considered.

Spacious apartment with 2 bedrooms | 2 bathrooms | 1 Car & 1 storage cage

New carpets & curtains
Freshly painted/ new range hood & mixer
New downlights over kitchen bench

The Reserve Facilities
47 metre lagoon pool with sandy beach
Two BBQ areas + tables and chairs
Two fully equipped gymnasiums virtually outside your apartment
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
Achtung! Authentic German Bakery right at your doorstep
Comfort Coffee & Donuts from D point 10
The Rusty Barrel Tapas Bar and Whisky- Yum! Live music Saturday and Sunday
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- 250 metres away
Lakeside walks are waiting for you, kilometres of walking tracks
Bond University- have a son or daughter? This could be the one!

Outgoings:
Body Corp: $119 per week (approx)
Council Rates: $890 (6 monthly)
Water Rates: $400 per quarter

Income:
Rental estimate $630 to $650 per week

Disclaimer: All distances and quoted prices are approximates

Property History for 167/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$643,000
04 Aug 2022
Listed for Rent
$540/w
05 Nov 2013
  • 04 Aug 2022
    Sold for $643,000
  • 01 Jul 2022
    Listed for Sale Auction - Thursday 4th August 2022 at 11am In Room
  • 21 Sep 2013
    Listed 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 8,052 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 35 properties listed for sale, and 25 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 418 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.