SOLD
Sold on 06 Jun 2024 for $626,500

416/190 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 81m2
Land area: 86m2
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Property Details for 416/190 Varsity Pde, Varsity Lakes

416/190 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 86m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Varsity Lakes in the last 12 months.

Building Type
Unit
Year Built
2017
Floor Size
81m2
Land Size
86m2
Local Government
Gold Coast City
Lot/Plan
416/SP272936

Last Listing description (April 2022)

416/190 VARSITY PARADE, VARSITY LAKES QLD 4217

This 2 Bedroom, 2 Bathroom architectural designed apartment effortlessly blends an original warehouse apartment-style with modern urban design trends.
Surrounded by everything you need Brooklyn is a solid investment opportunity in the heart of the Gold Coast education precinct, 2 minutes from Bond University & Varsity College and 5 minutes to public transport & cafe precinct this apartment could not be any more central.

Property Highlights:
- 2 bedroom / 2 bathroom (main bedroom with walk in robe and ensuite)
- Spacious open plan kitchen | Dining | Living
- New York style exposed brick walls
- Modern kitchen | Stone bench tops | Stainless steel appliances
- Air conditioning & ceiling fans
- Large balcony with sunny outlook with views over the precinct
- Second balcony off the master bedroom

Enjoy use of the rooftop terrace offering panoramic views to Lake Orr & Burleigh Heads skyline. Enjoy the huge ground floor central courtyard space with co-working office spaces.

Location highlights:
- Varsity College school catchment (right next to Varsity College Secondary School with rear access)
- Bond university -Australia's premiere private university within walking distance
- Central location, a short stroll to restaurants, cafes, supermarket and the pristine
waters of Lake Orr
- Golden Gold Coast beaches within a few minutes' drive
- Major retail, world class shopping at Robina Town Centre
- Private and public hospital within minutes
- Public transport at your doorstep

Outgoings and investor information:
- Currently tenanted for $530 per week
(Tenant lease end 12/07/2022)
- Body Corporate approximately $76 per week
- Water Rates approximately $1800 per years
- Council Rates approximately $2000 per years

All offers will be submitted.
Please contact Agnes Chan 0421666977 or Mai Nguyen 0468995719 to arrange your inspection.

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Property History for 416/190 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$626,500
06 Jun 2024
Listed for Rent
$520/w
06 Aug 2020
  • 06 Jun 2024
    Sold for $626,500
  • 14 Feb 2022
    Sold for $530,000
  • 11 Oct 2021
    Listed for Sale Offer over $520,000
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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 8,048 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 34 properties listed for sale, and 27 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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