OFF MARKET

17/1 Assembly Drive
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 122m2
Land area: 207m2
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Property Details for 17/1 Assembly Dr, Varsity Lakes

17/1 Assembly Dr, Varsity Lakes is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2002. The property has a land size of 207m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in February 2022.

Building Type
Unit
Year Built
2002
Floor Size
122m2
Land Size
207m2
Local Government
Gold Coast City
Lot/Plan
17/SP154548

Last Listing description (March 2022)

This large architecturally designed townhouse is located in the heart of Varsity Lakes within walking distance to outstanding education offerings such as Bond University and sought-after Varsity colleges. These schools offer a premium level of education or alternatively spend your afternoons down at Lake Orr with loads of walking tracks that meander their way around the lake in a subtropical setting. Nothing could be better than discovering the local wildlife whilst getting fit.

This modern boutique complex "VARSITY MEWS" Features a large open plan living downstairs complemented with three great sized bedrooms upstairs with a master bedroom complete with ensuite and walk in robe. The property also has a front and back yard.

Features:

3 bedrooms
2.5 bathrooms (2 full bathrooms up + 1 powder room downstairs)
2 car parking (single garage + 1 driveway parking spot)
Air conditioning all bedrooms + main living
All bedrooms with with ceiling fans with LED lights
Bamboo floors throughout bedrooms
Tiled floors downstairs
Surround sound System ready
Brand new electric oven (2 year warranty)
Brand new induction cooktop (2 year warranty)
New hot water system
New LED lighting throughout
2022 smoke alarm compliant
Retractable shade with auto sensor for windy weather
Front and backyard on title
Covered patio-perfect for family BBQ
Fenced yard and pet approved

Income:
Rental Appraisal $800 per week approx

Outgoings:
Body Corp levies $80 per week approx
Council Rates $871 for 6 months approx
Water rate $440 per quarter approx

Distances:
* Lake Orr 500 metres or 4 min walk
* Bond University 900 metres or 6 min walk
* Varsity College (High school) 300 metres or 2 min walk
* Varsity Primary 3.1km or 5 min drive
* Varsity CBD & Convenience Stores
* CBD Hotel, BlackBoard Cafe, German Bakery, Parisian Cafe, IGA, and bottle shop 800 metres or 6 min walk
* Robina Town Centre 4.9km or 8 min drive
* Pacific Fair Shopping Centre 6.1km or 11 min
* Burleigh Heads Beach 6.9km or 10 min drive
* Nobby's Beach 5.8km or 8min drive
* Link to M1 7 km or 10 min drive
* Brisbane 88 km or 1-hour drive

Property History for 17/1 Assembly Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$792,000
15 Feb 2022
Listed for Rent
$425/w
21 Jun 2013
  • 15 Feb 2022
    Sold for $792,000
  • 07 Feb 2022
    Listed for Sale Expressions of Interest
  • 20 Jun 2013
    Listed for Rent $425 / 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 8,042 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, 423 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

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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.