SOLD
Sold on 20 Dec 2023 for $635,500

26/2 Geraldton Drive
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 116m2
Land area: 3533m2
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Property Details for 26/2 Geraldton Dr, Varsity Lakes

26/2 Geraldton 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 3533m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 3 bedroom Unit sold in Varsity Lakes in the last 12 months.

Building Type
Unit
Year Built
2002
Floor Size
116m2
Land Size
3533m2
Local Government
Gold Coast City
Lot/Plan
26/SP144219

Last Listing description (January 2024)

Imagine access to a clear, refreshing and inviting salt water pool that's an ideal space to enjoy family BBQ's or celebrate your special occasion. Varsity Manor is more than you will expect from apartment living. Come and discover why the friendly owners love to call this place home or get active with the proactive committee and enjoy social events such as the annual Christmas street party and get togethers...this is more than just a home, it's a lifestyle for you to love. The property is currently leased and can either be rented out through the onsite management for $650 per week or move-in within 60 days with an unconditional contract.

Generous Living Spaces
3 bedrooms

2 bathrooms
Spacious Living area
2 Balcony's
2 Car Undercover Parking
Walk-in Robe
Air Conditioned-Cooling all bedrooms with ceiling fans
North Facing Apartment

Outstanding Features
Gated Complex and Secure parking
Tropical Salt Water Pool
Common Room Available for Hire
Tropical setting
New Shade Sails over pool area planned
New Pool Fencing and Furniture
Community Herb Garden
Quarterly Newsletter
Annual Christmas Street Party
Experienced Onsite Management
Elevated Views
Security Gate and Front door security screens
Pet Approved

Location Highlights

Distances
Robina Town Centre just a 5 min drive
Lake Orr 500 metres or 4 min walk
Train Station link to Brisbane 10 min drive
Cbus Stadium for the footy fans just 10mins
Bond University 1km or 10 min walk
Varsity College (High school) 800 metres or 10 min walk
Varsity Primary 3.1km or 5 min drive
Varsity CBD & Convenience Stores
CBD Hotel, Blackboard Caf, Parisian Caf, IGA and bottle shop 1km or 12 min walk
Burleigh Heads Beach 7.5km or 10 min drive
Nobby's Beach 6.5km or 10min drive
Link to M1 6 km or 8 min drive
Brisbane 86 km or 1-hour drive

Income
Current Rent $650 per week till January 14th

Outgoings
Body Corporate $86 per week approx
Council Rates 6 months $613 approx
Quarterly Water Rates $340 approx

Property History for 26/2 Geraldton Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$635,500
20 Dec 2023
Listed for Rent
$460/w
16 May 2019
  • 20 Dec 2023
    Sold for $635,500
  • 27 Nov 2023
    Listed for Sale Expressions of Interest Closing 14th December 2023
  • 09 May 2019
    Listed for Rent - Price not available
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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.

Suburb Insights for Varsity Lakes 4227

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Jon Paul
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Ray White Robina
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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.