OFF MARKET

186/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 94m2
Land area: 912m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 2 Sep 2024
Low

High
Save

Property Details for 186/251 Varsity Pde, Varsity Lakes

186/251 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2004. The property has a land size of 912m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Unit
Year Built
2004
Floor Size
94m2
Land Size
912m2
Local Government
Gold Coast City
Lot/Plan
186/SP151078

Last Listing description (April 2023)

This contemporary ground floor apartment is one of very few that offers an expansive north-easterly wide water aspect over Lake Orr. Positioned on the ground floor which includes large entertainers balcony with direct access to the waters edge and a private courtyard area off the dining and bedroom zones.

Very rarely do the ground floor apartments become available in this awesome complex. BE QUICK with this one.

Features:

-Open plan living & dining which flows out to the waterfront entertainers balcony
-Master overlooks the tranquil water and includes A/C, WIR & en-suite
-Second bedroom is also air-conditioned and adjoins directly on to your private courtyard
-Contemporary kitchen with stone bench tops and plenty of cupboard space
-Enjoy direct access to the private lakeside boardwalk for your early morning stroll
-Two car parks
-Storage cage

Onsite Facilities Include:
-Lagoon pool
-Spa pool
-Gym,
-Library
-Theatre
-BBQ areas
-Communal kitchen option
-24 hour security

-Body Corp: $121.90 per week approximately
-Rental Appraisal: $680 - $700 per week
-Council rates $1,800.00 per year approximately
-Water rates $1,200.00 per year approximately

Currently tenanted until June 2023.

The apartment has clearly been well looked after and is in good condition. Not only is it positioned to enjoy the favoured North-East aspect but it is only a moments walk to Bond University, Varsity College, restaurants, cafes and local shops.

Property History for 186/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$690,000
09 Dec 2022
  • 09 Dec 2022
    Sold for $690,000
  • 23 Nov 2022
    Listed for Sale Contact Agent
  • 07 Jun 2014
    Sold for $395,000
Sign in to see more transactions

Commute Calculator

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.

Suburb Insights for Varsity Lakes 4227

Market Insights
Varsity Lakes Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Varsity Lakes Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.