98 University DriveVarsity Lakes QLD 4227
Property Details for Lot 70/98 University Dr, Varsity Lakes
Lot 70/98 University Dr, Varsity Lakes is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 920m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Unit sold in Varsity Lakes in the last 12 months.
Last Listing description (September 2018)
Now is the perfect time to invest into this fully furnished oversized one bedroom apartment within a much sought-after complex. Only a few minutes walk to the restaurants and cafes of Varsity Lakes CBD and Bond University, and only a short drive to Mermaid and Burleigh beaches, these apartments are never vacant and will generate a solid rental return for years to come!
Highlights of this great investment property include:
- Fully furnished with tenant in place paying $370 per week in rent - Current lease expires at the end of 2018
- Single secure parking
- Air-conditioning & dishwasher
- Open plan living area with study area
- Huge balcony off the living area
- Functional kitchen with ample storage space
- No garden or lawn maintenance
- Lift access
Complex Amenities include:
- On-site Management
- Two shared BBQ areas
- Pool with separate spa
- Gymnasium
Not a thing to do and collect rent from Day 1 - this is a fantastic property to add to your investment portfolio!! Phone today to arrange a private viewing.
Property History for Lot 70/98 University Dr, Varsity Lakes, QLD 4227
- 20 Feb 2024Sold for $521,000
- 17 Feb 2022Sold for $350,000
- 13 Feb 2018Listed for Sale $280,000
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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 8,041 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.
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