SOLD
Sold on 12 Sep 2024 for $777,000

Main Street
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 97m2
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Property Details for 40809/2 Main St, Varsity Lakes

40809/2 Main St, Varsity Lakes is a 2 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 97m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom House sold in Varsity Lakes in the last 12 months.

Building Type
House
Land Size
97m2
Local Government
Gold Coast City
Lot/Plan
40809/SP339647

Last Listing description (November 2024)

This stunning Varsity Lakes apartment may have just sold, but more fantastic opportunities like this are coming soon. If you're looking for a prime investment in a vibrant community with modern features and strong rental yields, get in touch today!Register your interest now and be the first to know when the next apartment hits the market. Don't miss your chance to secure a top-tier investment in this highly sought-after area!Call Ken for any enquiries 0472 736 522Investment Highlights:Attractive 5% Return: Capitalize on a compelling rental yield with a projected 5% return, calculated on a strong rental income of $765 per week.Depreciation Benefits: Enjoy significant tax advantages with four years of depreciation benefits, optimizing your investment potential.Prime Location:Strategic Position: Conveniently located within walking distance of Bond University, Varsity Lakes central shops, and Varsity Secondary College, ensuring high demand and consistent rental appeal.Vibrant Community: Immerse yourself in the heart of Varsity Lakes, surrounded by vibrant local shops, cafes, parks, and a highly sought-after neighborhood.Modern Comfort and Style:Contemporary Living: This 2-bedroom, 2-bathroom apartment, built in 2023, combines modern amenities with stylish design, making it ideal for couples, downsizers, or students.State-of-the-Art Features: Equipped with advanced security systems, keyless entry via Cienna's innovative access app, air conditioning, ceiling fans, and a spacious 97m layout for effortless living.Exclusive Amenities:Rooftop Access: Enjoy unparalleled 360-degree views of the Gold Coast from the building's exclusive rooftop. Perfect for entertaining, relaxing, or simply taking in the stunning scenery.On-Site Facilities: Benefit from the on-site gym and wheelchair access, enhancing the convenience and attractiveness of the property.Lifestyle and Value:Breathtaking Views: The apartment's balcony offers picturesque views of the mountains, cityscape, ocean, and water, providing a serene retreat for everyday living.Prime Investment Opportunity: With its modern features, strategic location, and strong rental yield, this property represents a solid investment in a thriving community.Seize this exceptional opportunity to own a prime piece of Varsity Lakes. With its unbeatable location, contemporary features, and lucrative returns, this apartment is an ideal addition to your investment portfolio. Act now to secure this valuable asset and capitalize on the vibrant lifestyle it offers!Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements.

Property History for 40809/2 Main St, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$777,000
12 Sep 2024
Listed for Rent
$725/w
19 Jun 2023
  • 12 Sep 2024
    Sold for $777,000
  • 24 Jul 2024
    Listed for Sale Exceptional Investment Opportunity
  • 29 May 2023
    Sold for $711,000

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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 8,045 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 30 properties listed for sale, and 27 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

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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.