SOLD
Sold on 02 Jul 2024 for $460,000

5/228 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
Floor area: 59m2
Land area: 71m2
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Property Details for 5/228 Varsity Pde, Varsity Lakes

5/228 Varsity Pde, Varsity Lakes is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2007. The property has a land size of 71m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Unit sold in Varsity Lakes in the last 12 months.

Building Type
Unit
Year Built
2007
Floor Size
59m2
Land Size
71m2
Local Government
Gold Coast City
Lot/Plan
105/SP182410

Last Listing description (February 2021)

This fully furnished apartment overlooks Varsity Central and is walking distance to restaurants and shops. Beautifully maintained this apartment is perfect for a first home buyer or astute investor looking to generate incredible rental returns.

Location highlights

Walk to shops, cafes and amenities
Walking distance to Bond University
Public transport at your door only minutes to Robina Town Centre
Minutes drive to Burleigh Beach!

The Chancellor Apartments are preferred accommodation providers to Bond University and their corporate and conference clientele. In addition to students and conference visitors, Chancellor Lakeside Apartments also attract holiday makers, long-stay tenants plus they are the accommodation provider for their onsite Conference Centre and rooms.

Spacious fully furnished apartment
Bedroom is separate to living with built in wardrobes
Bathroom with stone top vanity and internal laundry
Open plan living and dining space
Open, light and bright kitchen with stone bench tops
Gym room/BBQ area
Beautifully maintained swimming pool
Executive foyer and on-site management

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Property History for 5/228 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$460,000
02 Jul 2024
Listed for Rent
$877/w
07 Nov 2022
  • 02 Jul 2024
    Sold for $460,000
  • 11 Jan 2021
    Sold for $243,000
  • 05 Jan 2021
    Listed for Sale Offers Over $240,000
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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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