OFF MARKET

8/201 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 129m2
Land area: 2283m2
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Property Details for 8/201 Varsity Pde, Varsity Lakes

8/201 Varsity Pde, Varsity Lakes is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2005. The property has a land size of 2283m2 and floor size of 129m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Year Built
2005
Floor Size
129m2
Land Size
2283m2
Local Government
Gold Coast City
Lot/Plan
8/SP160818

Last Listing description (December 2021)

For a third time in a row, Jon Paul is extremely proud to market lot 8 in Market Square Apartments, a small boutique complex in central Varsity Lakes and just a short stroll to Lake Orr. This is a special place and the current owners have not only commented on the convenience of this location but also the friendliness of the neighbourhood and the wide variety of eateries on offer from traditional Australian food offerings to spicy international plates. Built in 2005, this development comprises of 29 apartments and has undergone a recent update and change of management. Move into the property in 30 Days.

* Large 150sqm apartment
* 3 bedrooms
* 2 bathrooms
* Generous 2 side by side car spaces
* Secure storage cage on title
* Recently painted
* 5K spent on blockout and privacy blinds (all body corp approved)

Numbers Matter
* $580 per week expected rent
* Council Rates $871 every 6 months
* Water $380 per quarter
* Body Corporate $105 per week

Central Varsity Highlights
* Loads of community events such as "Winterfest" and street festivals
* Live music and trivia nights
* Walking distance to every shop and cafe in a 200 metre radius
* Achtung! Authentic german bakery right at your doorstep
* Comfort coffee & donuts from D point 10
* The rusty barrel tapas bar and whisky- Yum! Live Music Saturday and Sunday
* Bottoms up! The Lake Brewhouse fantastic lakeside position
* CBD hotel- Have a punt and a meal.
* IGA Convenience- Fantastic for essentials just 50 metres away!
* Varsity College- 150 metres away
* Lakeside walks are waiting for you, kilometres of walking tracks
* Bond University- have a son or daughter? Market Square Apartments is a 3 min walk away

Building Improvements
* NEW CCVT system
* Proactive Body Corp
* New Intercom and handsets
* Externals Painted 2 years ago
* Updated security access to carpark and storage cages

All offers will be presented.

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Property History for 8/201 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$591,000
11 Nov 2021
Listed for Rent
$450/w
30 Jan 2017
  • 11 Nov 2021
    Sold for $591,000
  • 02 Nov 2021
    Listed for Sale $550,000+
  • 08 Feb 2019
    Sold for $415,000
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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 8,052 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 35 properties listed for sale, and 25 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 418 properties were sold in the past 12 months in Varsity lakes.

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