OFF MARKET

5/1 Pontoon Place
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 107m2
Land area: 134m2
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Last updated 18 Nov 2024
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Property Details for 5/1 Pontoon Pl, Varsity Lakes

5/1 Pontoon Pl, Varsity Lakes is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1994. The property has a land size of 134m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in October 2020.

Building Type
House
Year Built
1994
Floor Size
107m2
Land Size
134m2
Local Government
Gold Coast City
Lot/Plan
5/GTP2744

Last Listing description (March 2023)

This is a great townhouse in a small complex of only 6 in a very quiet cul-de-sac location. This townhouse features a small front yard and is located in an extremely convenient position close to Shopping Centres, Schools, beaches & public transport.

Multiple bedrooms, bathrooms & car spaces along with enclosed yard space for the family. Be quick as this won't last. A great investment, first home or upsizer. The property is currently tenanted and could benefit from an upgrade throughout or keep renting it out as is. Move in, do it up, rent it, upgrade later, make it your home.

Features:

Master bedroom with built-in-robes & en-suite
Two further bedrooms with built-in-robes
Main bathroom with bath and shower
Downstairs WC
Open plan living & dining zone
Kitchen adjacent to the living zone with ample bench and cupboard space
Single auto lock up garage
Fully fenced front yard
Small rear courtyard area
Air conditioning x 2 split systems
Single lock up garage
Security screens throughout
Under stair storage
Separate laundry
Pet friendly

This is a small complex of 6 with very low body corporate fees of approximately $27.00 per week which includes insurance, fees and sinking funds. The complex is pet friendly with approval from body corp.

Currently tenanted at $450.00 per week until April 2021.

Rates approximately $1,500.00 per year
Water Rates approximately $1,200.00 per year
Body Corp $25.00 per week approximately. TBC
Rental appraisal of $450.00 - $480.00 per week.

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Property History for 5/1 Pontoon Pl, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$445,000
22 Oct 2020
Listed for Rent
$450/w
18 Apr 2019
  • 22 Oct 2020
    Sold for $445,000
  • 09 Sep 2020
    Listed for Sale Offers Above $450,000
  • 19 Mar 2019
    Listed for Rent $450 / week
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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 8,050 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.

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