316/29-49 Varsity ParadeVarsity Lakes QLD 4227
Property Details for 316/29-49 Varsity Pde, Varsity Lakes
316/29-49 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2013. The property has a land size of 112m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Varsity Lakes in the last 12 months.
Last Listing description (October 2024)
Spacious apartment within Edgewater Residences complex on the north side of Lake Orr. The apartment is walking distance to the Lake Orr walking track, numerous parks, public transport, Aldi shopping centre the Varsity Lakes sport house and boat shed and the popular Varsity College Primary and Secondary campus which is Queensland's largest school.
Recently renovated, all flooring was replaced with hybrid timber look flooring, and all lights were replaced with LED oyster lights. Building 3, is currently being painted externally, and so the building will be looking like new soon.
This layout features two balconies, one on the north side of the building, great for the winter months, and the other on the south side of the building, joined with the living room. Having two balconies allows for maximum air flow and ventilation throughout the apartment, and the breeze is constant from the nearby lake Orr.
Within a longer walk, or a short drive is Bond University, Market Square, Robina Town Center and Varsity Lakes railway station.
There is high demand in this area for rentals, which is why the property is suited to an investor. But don't let that stop you from enquiring if you are looking for a comfortable apartment to live yourself.
The facilities within Edgewater Residences are exceptional, with beautiful gardens, a large Gym, BBQ area, 20 meter lap pool, and table tennis games room.
Fibre to the home broadband internet is also available via Opticomm retailers with speeds up to 200mb/s download available.
High rental yield for investors. If you are an investor, please contact the on site managers for a current rental appraisal. The property is currently rented for $730 per week.
Relevant figures:
- Body Corporate levies - $86 per week on average with levies issued three times per year.
- Council rates every 6 months, approximately $2,000 per year
- Water is individually metered and tenant pays for consumption.
- There is a current lease in place until September 26/09/2024
- Rent $730 p/week
You can contact the on-site managers at Edgewater Residences Shaun and Amy if you are interested in viewing the apartment.
When viewing the property during an open home, please dial 99 bell at the vehicle entry, you can park inside as there is plenty of visitor parking. Meet the onsite managers at the onsite office next to the pool area.
Property History for 316/29-49 Varsity Pde, Varsity Lakes, QLD 4227
- 06 Feb 2024Listed for Sale Offers Over $639000
- 05 Feb 2024Sold for $648,000
- 22 Mar 2021Sold for $429,800
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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 8,041 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.
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