SOLD
Sold on 29 Apr 2024 for $723,000

98 University Drive
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 99m2
Land area: 920m2
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Property Details for Lot 44/98 University Dr, Varsity Lakes

Lot 44/98 University Dr, Varsity Lakes is a 2 bedroom, 2 bathroom House with 1 parking spaces and was built in 2004. The property has a land size of 920m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom House sold in Varsity Lakes in the last 12 months.

Building Type
House
Year Built
2004
Floor Size
99m2
Land Size
920m2
Local Government
Gold Coast City
Lot/Plan
44/SP141120

Last Listing description (October 2024)

Spacious, Top Floor Single-Level Apartment!!

Don't miss out on this exceptional chance to own a stunning single-level apartment at 44/98 University Drive, Varsity Lakes, proudly presented by Mitch Harrop. This exquisite home offers an array of enticing features and a serene location with picturesque views overlooking Varsity Oval.

Upon entering, you'll be immediately drawn to the spacious and bright open floor plan, setting the stage for an unparalleled living experience. Positioned uniquely at the end, this apartment benefits from having no adjacent unit on one side, allowing for extra windows that flood the space with natural light. Its elevated setting ensures a constant flow of refreshing breezes throughout the year.

Ideal for downsizers, investors, and first-time homebuyers seeking a convenient lifestyle, this home boasts a secure parking space, a practical layout, and close proximity to Bond University, Varsity College, and Varsity CBD. Experience the lock-up-and-leave lifestyle with ease. We're confident you'll fall in love with this home just as we have.

Boasting Home Features Include:

* Single-level, top floor apartment boasting uninterrupted panoramic views of Varsity Oval and surroundings of Varsity College
* Uniquely positioned at the end with no adjacent unit on one side, allowing for extra windows and natural light
* The expansive and airy living area flooded with natural light, seamlessly extending onto a covered balcony
* Modern kitchen featuring sleek stone bench tops and a designated area for casual dining with a breakfast bar
* Luxurious king-sized master bedroom complete with a walk-through robe, providing direct access to the ensuite and balcony
* Additional generously sized bedroom positioned at the opposite end of the apartment, featuring a built-in robe and ceiling fan for added comfort
* Well-appointed master bathroom featuring a separate bathtub and shower
* Convenient separate laundry area catering to household needs
* Versatile study nook ideal for remote work or dedicated study sessions
* Abundant storage options throughout, accompanied by air conditioning for year-round comfort
* Secure undercover parking space ensuring peace of mind for vehicle storage

Council Rates: Approx. $1,200 bi-annually
Water Rates: Approx. $350 per quarter
Body Corporate: Approx. $95 per week
Rental Appraisal: $700 - $750 per week

Boasting Complex Features Include:

* Gymnasium
* Pool with separate spa
* Two shared BBQ areas
* Owners Lounge
* Manicured grounds
* Recently repainted
* On-site Manager

If you are looking to own or invest in this much sought-after complex in the heart of Varsity Lakes with a short walk to the restaurants of Varsity CBD and minutes to Bond University, then come and see this fantastic apartment.

Contact your local agent for more information, Mitch Harrop, today!

Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but 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 the information contained herein.
* denotes approximate measurements.

Property History for Lot 44/98 University Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$723,000
29 Apr 2024
  • 04 Jul 2024
    Listed for Rent $695 / week
  • 29 Apr 2024
    Sold for $723,000
  • 24 Apr 2024
    Listed for Sale Sold
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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 26 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 424 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

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Joe Walker
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Mitch Harrop
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LJ Hooker Robina
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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.