SOLD
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Sold on 30 Oct 2023 for $615,000

214/29-49 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 104m2
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Property Details for 214/29-49 Varsity Pde, Varsity Lakes

214/29-49 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Apartment with 2 parking spaces. The property has a land size of 104m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 2 bedroom Apartment sold in Varsity Lakes in the last 12 months.

Building Type
Apartment
Land Size
104m2
Local Government
Gold Coast City
Lot/Plan
214/SP246289

Last Listing description (October 2023)

Located in the exclusive Edgewater Residences in the heart of Varsity Lakes, built in 2015 and is rarely offered. Living is easy in this impressive, generously proportioned contemporary residence providing fresh breezes, natural light, lake and suburban views. Perfectly positioned near Lake Orr, this exceptional apartment offers the ultimate inner-city lifestyle.

From the moment you enter this beautiful apartment you're greeted with a peaceful and private feel. Featuring a large open plan living area and a modern kitchen that comes complete with stone bench tops, lots of storage and bench space, quality stainless steel appliances and an integrated dishwasher.

The living area opens onto a large private balcony with expansive southeast views over Lake Orr and the Hinterland.

The apartment offers 2 generous bedrooms with views and access to the balcony, 2 bathrooms (master with an ensuite and main bathroom with a full sized bathtub), a separate laundry with ample storage, a study nook and 2 side by side car spaces.

The complex boasts resort-style facilities including a 20-metre lap pool, large BBQ area, games room and fully equipped gym. With secure gated entry and plenty of visitors parking, Edgewater Residences presents the perfect combination of family-friendly community and convenient central location.

Positioned in one of the most appealing locations only minutes from a host of quality facilities including Robina Town Centre and Varsity Market Square with award-winning restaurants.

FEATURES:
• Bright and open plan living area that flows out onto the large balcony
• Two spacious bedrooms, master with walk through robe and en-suite
• Large balcony that has access to both bedrooms and the living area
• Study nook
• Stylish kitchen with ample cupboards, stainless steel appliances and stone bench tops
• Air conditioned
• Ceiling fans in bedrooms
• Separate laundry
• 2 side by side parking spots car park
• Large resort style in-ground pool
• State of the art gymnasium
• Direct access to Lake Orr and walking trails
• Close proximity to Bond University & Varsity CBD
• Within the Varsity College school catchment zone
• Walking distance to café precinct, shops and all amenities

INCOME:
Rental appraisal - $720 per week approx.

OUTGOINGS:
Body Corp fees - $85 per week (approx)
Council rates approx. $2415 per year (approx)
Water approx. $283 per quarter (approx)

DISTANCES:
• Bus Stop - 250 m
• Local Shops - 1.1 km
• Major Shopping Centre - 2.1 km
• Primary School (Varsity College Primary) - 1.3 km
• High School (Varsity College Secondary Campus) - 1 km
• Bond University - 2 km
• Parkland - 50 m
• Highway - 2.4 km
• Train Station - 2 km
• Beach - 5.6 km

Property History for 214/29-49 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$615,000
30 Oct 2023
Listed for Rent
$334/w
10 Sep 2015
  • 21 Oct 2023
    Sold for $615,000
  • 10 Oct 2023
    Listed for Sale $629,000
  • 31 Oct 2022
    Sold for $600,000
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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 8,090 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 88.34% increase in median value, while Units have seen a 72.99% increase. As at 30 September 2024:

  • The median value for Houses in Varsity Lakes is $1,169,841 while the median value for Units is $755,001.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 35 properties listed for sale, and 35 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 449 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.