14/1 Lakefront Crescent, Varsity Lakes, QLD 4227 | Apartment for sale | OnTheHouse
 
FOR SALE
Interest Over $1,185,000

14/1 Lakefront Crescent
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 143m2
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Waterfront Living, Perfected

Wake to elevated water views stretching across Lake Orr, the morning light catching the surface as you step onto your wrap-around balcony with coffee in hand. This is the rhythm of life at Parklake, centrally located in Varsity Lakes moments from shops, schools and transports and just footsteps the peaceful shoreline it overlooks.
Perched on southeastern corner of the first floor, and featuring the only 3-bedroom floorplan within the boutique 39 apartment complex, this apartment enjoys a privacy rarely found in apartment living providing unobstructed views across the water.
Inside, this beautifully renovation property features: Caesarstone benchtops, black slimline kitchen appliances, sink and tapware and an impeccable, light filled open plan living space. Enjoy the best this apartment has to offer with family or friends as you dine and entertain on the spacious wrap-around balcony with a picturesque outlook. Three well-proportioned bedrooms including a master retreat with en-suite, built-in robe and air conditioning.
Beyond your front door, Parklake delivers the lifestyle to match: a resort-style pool, BBQ facilities and landscaped grounds, immediate access to walking and cycling tracks along the lake, and a pet-friendly policy that welcomes the whole family. Secure basement parking for two vehicles plus a storage cage ensures that your every desire is catered to for luxurious yet practical living.
FINANCIALS:
• Council rates $1,131 per half year
• Water rates approximately $430 per quarter
• Body Corporate $215 per week (with an AGM set to reduce rates approx. $99 p.w in October - we have written documentation confirming this. The previous inflated rates were to secure a 10 year period of no major works, commencing 1 Nov 2026)
• Estimated rental return $1,100-$1,200 per week
LOCATION:
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Property Details for 14/1 Lakefront Cres, Varsity Lakes

14/1 Lakefront Cres, Varsity Lakes is a 3 bedroom, 2 bathroom Apartment with 2 parking spaces. The property has a land size of 143m2. The place is currently for sale with COASTAL °.

Building Type
Apartment
Land Size
143m2
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About Varsity Lakes 4227

The size of Varsity Lakes is approximately 5.9 square kilometres. There are 23 parks, covering nearly 10.6% of the total area. The population of Varsity Lakes in 2016 was 15026 people. By 2021 the population was 16493 showing a population growth of 9.8% 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 2021, 54.40% of the homes in Varsity Lakes were owner-occupied compared with 51.30% in 2016.

Varsity Lakes has 8,126 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 59.67% increase in median value, while Units have seen a 80.98% increase. As at 31 August 2026:

  • The median value for Houses in Varsity Lakes is $1,393,843 while the median value for Units is $969,991.
  • Houses have a median rent of $960 while Units have a median rent of $830.
There are currently 72 properties listed for sale, and 33 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 400 properties were sold in the past 12 months in Varsity lakes.

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Joel Madam
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