OFF MARKET

40/28 Castello Circuit
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Floor area: 150m2
Land area: 262m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 11 Nov 2024
Low

High
Save

Property Details for 40/28 Castello Cct, Varsity Lakes

40/28 Castello Cct, Varsity Lakes is a 3 bedroom, 2 bathroom House with 4 parking spaces and was built in 2010. The property has a land size of 262m2 and floor size of 150m2. While the property is not currently for sale or for rent, it was last sold in October 2020.

Building Type
House
Year Built
2010
Floor Size
150m2
Land Size
262m2
Local Government
Gold Coast City
Lot/Plan
40/SP220802

Last Listing description (November 2020)

This opportunity will not linger - so make sure you view as soon as possible!

Overlooking Azzurra Island to the north and enveloped by the beautifully natural Varsity Wetlands Reserve, this standalone home is the ideal family retreat.

This spacious three bedroom home boasts open plan living seamlessly leading out to a huge 25m undercover alfresco balcony.

Modern kitchen with stone bench tops, large private master suite with en-suite and walk-in robe. The large 14m resort style swimming pool, twin BBQ gazebos, tropical gardens plus lawn area is at your back doorstep. Enjoy plentiful storage options and an oversized double garage including car accommodation for up to four vehicles (2 garaged plus 2 undercover). The location is a plus, conveniently located only minutes to Varsity Lakes train station, bus routes and the M1 as well as Easy-T and Robina Town Centre shopping, entertaining, food and dining options.

Within the zone for Varsity College and close to Bond Uni, several world class golf courses and only 6-7 kms to Burleigh Heads Beaches, this is the perfect location for work, living and lifestyle indeed.

Azzurra Eco Residential Resort is the perfect opportunity to enjoy the Queensland lifestyle in a natural water and bushland setting.

AT A GLANCE:
- Oversized garage (5.6m x 7.6m) plus double carport
- 3 bedrooms, 2 Bathrooms plus powder room
- New Carpets and timber flooring
- Open plan living with outdoor entertaining balcony overlooking natural setting
- Master bedroom with en-suite, dual vanities and walk-in robe
- Great contemporary kitchen with stone benches, double sink, electric cooktop, Bosch electric oven, rangehood, pantry & plumbed fridge cavity
- Generous sized bedrooms with built-in robes and ceiling fans.
- Daikin ducted zoned air conditioning/heating and a security system
- Plenty of storage with built-in cupboards and under stair storage.
- Huge garage with extra spaces to convert into a rumpus, billiard room, gym or studio.
- 3,000 litre rainwater tank and external clothes line
- 14m Swimming pool, BBQ area and beautifully landscaped gardens
- Secure and peaceful boutique complex adjacent to park, lake and walking tracks.
- Pets allowed (subject to Body Corporate Approval)
- From your doorstep, 15 kms of cycle/walkways around Azzurra Island and Lake Orr.
- Onsite manager
- Great architectural design

FINANCIALS:
- Rates $894.65 (6 months)
- Body Corp $82.37 pwk

POTENTIAL INCOME & RETURNS:
- Permanent Rental: $620 to $650 per week (approx) + Most recent tenancy $640pwk
- Potential 4% to $4.8% nett return

SCHOOL CATCHMENT ZONE:
- Varsity College Primary School
- Varsity College High School
- Bond University

DISTANCES:
- Parkland & lake and 15km of cycling/walking tracks - 20m
- Bus Stop - 800 m
- Train Station - 800 m
- M1 Motorway - 1 km
- Primary School - 1.5 km
- High School - 3 km
- Bond University - 4 km
- Robina Town Centre - 3.2 km
- Beach - 6.2 km
- ROBINA Hospital - 5 km

Varsity Lakes is just 5 minutes from Robina Town Centre, 7 minutes from North Burleigh Beach, 10 minutes from Pacific Fair and within easy reach of the Pacific Highway.

Varsity Lakes is a relatively new suburb, with a large man-made lake as its centrepiece and is home to Bond University and Varsity College. There are plenty of units, townhouses and apartments and the mixed community of families and students are attracted to the leading educational facilities. Bond University with its sprawling campus also offers superb recreational facilities and is bounded by the spectacular 80-hectare Lake Orr and Robina Woods championship golf course.

Varsity Lakes lets you enjoy all the excitement of the Gold Coast with the theme parks on the Gold Coast corridor only 20 minutes drive north and a choice of 13 international golf courses and additional public courses in the vicinity.

Property History for 40/28 Castello Cct, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$580,000
20 Oct 2020
Listed for Rent
01 Apr 2019
  • 20 Oct 2020
    Sold for $580,000
  • 04 Aug 2020
    Listed for Sale $588,000
  • 25 Mar 2019
    Listed for Rent - Price not available
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 8,050 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 29 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 426 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: The middle value of all properties across the geography based on the Automated Valuation Model.


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


Median Value over 1 year
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.