OFF MARKET

5 Magenta Drive
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 133m2
Land area: 386m2
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Property Details for 5 Magenta Dr, Varsity Lakes

5 Magenta Dr, Varsity Lakes is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2002. The property has a land size of 386m2 and floor size of 133m2. While the property is not currently for sale or for rent, it was last sold in April 2020.

Building Type
House
Year Built
2002
Floor Size
133m2
Land Size
386m2
Local Government
Gold Coast City
Lot/Plan
66/SP141110

Last Listing description (April 2020)

Located within the sought after "Dress Circle" precinct of Varsity Lakes this fantastic three bedroom home is position perfect being a short stroll to North Shore Park and the shores of Lake Orr. With the convenience of schools, major shops and the Varsity Train Station all just minutes away, this property is an opportunity not to be missed!

The home itself boasts separate living areas, open plan living/kitchen area opening out to the undercover outdoor patio and rear yard. All three bedrooms are a great size, with the master bedroom positioned at the front of the home with walk-in wardrobe and ensuite. The remaining two bedrooms are serviced by the main bathroom with corner shower and separate bath.

The property is vacant and ready to move straight in.


Features:
Master with ensuite and walk in robe
Two further bedrooms with built in robes
Open plan tiled kitchen and living area with split system air-conditioning
Carpeted lounge room
Internal laundry
Ceiling fans throughout
Outdoor undercover patio
Remote double lockup garage
Low maintenance yard
Land size: 386sqm
Council Rates: Approx $1,858 per year

Distances:
50m North Shore Park
450m Bus Stop
1.0km Varsity College Secondary Campus
1.6km Bond University
2.0km East T Shopping Centre
2.4km Varsity College Primary School
2.7km Varsity Lakes Train Station
3.0km Robina Town Shopping Centre
3.5km M1 Motorway
6.6km Burleigh Heads Beach

For more information or to arrange a private inspection, please contact Mitchell Thorne 0477 677 445

Due to the COVID-19 measures in place, First National Centrepoint will be showcasing homes via appointment only to coincide with current guidelines. It's business as usual and we look forward to your call and speaking with you to arrange an inspection!

Disclaimer: In the preparation of this document, we have used our best endeavours to ensure that the information contained herein is true and accurate and 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 any information contained herein.

Property History for 5 Magenta Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$515,000
15 Apr 2020
Listed for Rent
$450/w
08 Sep 2016
  • 15 Apr 2020
    Sold for $515,000
  • 03 Apr 2020
    Listed for Sale Contact Agent
  • 08 Sep 2016
    Listed for Rent - Price not available
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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 25 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 425 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

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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.