OFF MARKET

18 Marks Drive
Varsity Lakes QLD 4227

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 203m2
Land area: 444m2
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Last updated 11 Nov 2024
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Property Details for 18 Marks Dr, Varsity Lakes

18 Marks Dr, Varsity Lakes is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 2008. The property has a land size of 444m2 and floor size of 203m2. While the property is not currently for sale or for rent, it was last sold in February 2020.

Building Type
House
Year Built
2008
Floor Size
203m2
Land Size
444m2
Local Government
Gold Coast City
Lot/Plan
12/SP185198

Last Listing description (March 2023)

FIVE BEDROOM HOME IN VARSITY LAKES
This property consists of 5 spacious bedrooms and sits on a 444sqm block of land. The current tenants have been in the property for 10 years and there is a few belongings stored in the garden. The lease expires on the 5th of March but the tenants would be happy to stay on. The house itself presents fairly well but could do with a coat of paint. The home offers great value for money as there are not many 5 bedroom homes you will find at this price.

Features:

5 spacious bedrooms
open plan living and dining
kitchen with stone bench tops and stainless steel appliances
2.5 bathrooms
2 car garage
internal laundry
lake views from the master bedroom

There is a small body corp or $31 per week for the maintenance of the lake system of which this property is part of. Rates and water are approx $3000 per year combined. Inspections are highly recommended.

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Property History for 18 Marks Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$640,000
11 Feb 2020
  • 11 Feb 2020
    Sold for $640,000
  • 29 Jan 2020
    Listed for Sale $619,000+
  • 17 Jul 2007
    Sold for $280,000

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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.
There are currently 34 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.

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