SOLD
Sold on 15 Aug 2024 for $690,000

2/98 University Drive
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 99m2
Land area: 610m2
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Property Details for 2/98 University Dr, Varsity Lakes

2/98 University Dr, 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 610m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Varsity Lakes in the last 12 months.

Building Type
Unit
Year Built
2004
Floor Size
99m2
Land Size
610m2
Local Government
Gold Coast City
Lot/Plan
2/SP141119

Last Listing description (October 2024)

Spacious Ground Floor Apartment!

Seize this unique opportunity to own a beautiful ground floor apartment at 2/98 University Drive, Varsity Lakes, proudly presented by Mitch Harrop. Nestled within the serene Central Park Apartments, this charming residence boasts a host of appealing amenities and a tranquil location that offers a perfect blend of comfort and convenience.

Upon entering, you'll be captivated by the expansive open floor plan, designed to create an exceptional living environment. This residence features two generously sized bedrooms and two great-sized patios, one of which offers a picturesque view of the Varsity Oval. The open layout enhances the sense of space, making it ideal for both relaxation and entertaining guests.

Perfect for downsizers, investors, and first-time homebuyers seeking a convenient lifestyle, this property offers a two secure parking spaces and a functional layout. With close proximity to Bond University, Varsity College, and Varsity CBD, you'll enjoy the benefits of a lock-up-and-leave lifestyle. We are confident you'll adore this home as much as we do.

Boasting Home Features Include:

* Ground floor apartment with two expansive patios, ideal for year round entertaining
* Breathtaking, unobstructed views of Varsity Oval and Varsity College
* Inviting and bright atmosphere with plentiful natural light throughout
* Spacious, sun-drenched living area that seamlessly extends to a covered patio
* Generous private patio with a lush, green outlook, perfect for entertaining in any season
* Galley-style kitchen featuring elegant stone countertops and a convenient breakfast bar
* Luxurious king-sized master bedroom with a walk-through wardrobe, ensuite, and direct patio access
* Second generously-sized bedroom at the opposite end of the apartment, complete with a built-in wardrobe and ceiling fan
* Flexible study nook, ideal for working from home or focused study sessions
* Abundant storage options throughout, complemented by air conditioning for comfort year-round
* Two secure parking spaces, ensuring peace of mind for your vehicle's safety

Council Rates: Approx. $1,200 bi-annually
Water Rates: Approx. $360 per quarter
Body Corporate: Approx. $95 per week
Rental Appraisal: $695 - $725 per week

Boasting Complex Features Include:

* Gymnasium
* Pool with separate spa
* Two shared BBQ areas
* Owners Lounge
* Manicured grounds
* Recently repainted
* On-site Manager

If you are looking to own or invest in this much sought-after complex in the heart of Varsity Lakes with a short walk to the restaurants of Varsity CBD and minutes to Bond University, then come and see this fantastic apartment.

Contact your local agent for more information, Mitch Harrop, today!

Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
* denotes approximate measurements.

Property History for 2/98 University Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$690,000
15 Aug 2024
  • 15 Aug 2024
    Sold for $690,000
  • 30 Jul 2024
    Listed for Sale Under Contract
  • 27 Jun 2003
    Sold for $326,000

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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 8,044 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, 425 properties were sold in the past 12 months in Varsity lakes.

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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.