OFF MARKET

40 Massachusetts Court
Varsity Lakes QLD 4227

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 133m2
Land area: 510m2
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Property Details for 40 Massachusetts Ct, Varsity Lakes

40 Massachusetts Ct, Varsity Lakes is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1993. The property has a land size of 510m2 and floor size of 133m2. While the property is not currently for sale or for rent, it was last sold in December 2020.

Building Type
House
Year Built
1993
Floor Size
133m2
Land Size
510m2
Local Government
Gold Coast City
Lot/Plan
225/RP887461

Last Listing description (February 2021)

WOW! Here is another beauty that has come to the market and right on time!

This fantastic four bedroom, 2 bathroom home is just so central and is neatly tucked away in what is becoming one of the most desired areas in the central Gold Coast and with the summer heat really starting to swelter, why not spend your afternoons cooling off in the very sizeable swimming pool whilst firing up the barby. When the winter months creep in, we've got you covered too, with a very funky fire pit to warm up your hands, create some atmosphere and toast some marshmallows. It's the perfect yearly all-rounder.

Varsity College primary and beautiful Lake Orr are a short walk away (close to Aldi), the senior school is a short push bike ride and Burleigh Beach is only a few minutes drive down the road. The home is also just next to bus stops to either Robina Town Centre, Bond University or in direction towards the beach and the M1 motorway. Booyakasha!

The house is original and should you wish to add your own flavour and renovate, it's an open book with great bones.

I love the area, I love the house, I love the street and I'm sure you will too. Get in quick whilst prices are still affordable because this part of Varsity has yet to boom!!!

Please call Greg on 0475 046 561 for any information or check for open times.

HIGHLIGHTS:

* Solid single storey home minutes to Burleigh Heads Beach
* 4 bedrooms
* 2 bathrooms
* Double lock up garage
* 510 square meter block
* Large Swimming pool with generous outdoor entertaining area
* Low maintenance block
* Air conditioning
* Solar Hot Water
* Large kitchen overlooking the swimming pool
* Covered outdoor entertaining area plus fire pit
* Separate laundry
* High growth area in central Gold Coast that is still incredibly affordable
* Very close to Varsity College Primary and Senior Schools, Hospital, Robina Town Centre and Bond University

RESIDENCE:

BEDROOMS - Master with ensuite, air conditioning and walk in wardrobe.. Bedrooms 2 and 3, with fans and built in wardrobes. Bedroom 4 with Air conditioning and built in wardrobes.

BATHROOMS - 2 Bathrooms. Ensuite with shower, vanity and toilet. Main bathroom with shower, bath, vanity and separate toilet.

OUTDOORS - Large outdoor entertaining area with fire pit and huge swimming pool.

KITCHEN - Spacious kitchen with plenty of storage, which overlooks dining, outdoor entertaining and swimming pool

LIVING - Formal living + dining area

POTENTIAL INCOME:
* Rental potential - $690-$720 per week (approximately) Currently owner occupied.
* Airbnb/Stayz - $195-$250 per night (entire home)

OUTGOINGS:
* Council rates - $870 per half year (approximately)
* Water rates - $380-$420 per quarter (approximately)

SCHOOL CATCHMENT ZONE:
* Varsity College Primary School
* Varsity College Senior School
* Bond University

DISTANCES:
* Bus Stop - 350m
* Local Shopping Centre - 450m
* Major Shopping Centre - 4km
* Primary School - 750m
* High School - 3.7km
* Parkland/Waterfront - 400m
* Highway - 7.3km
* Train Station - 3.9km
* Beach - 6.8km
* Hospital - 4km

Property History for 40 Massachusetts Ct, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$722,000
05 Dec 2020
  • 05 Dec 2020
    Sold for $722,000
  • 30 Nov 2020
    Listed for Sale Offers Over $690,000
  • 19 May 2014
    Sold for $477,500
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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 8,045 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 33 properties listed for sale, and 26 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 423 properties were sold in the past 12 months in Varsity lakes.

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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.