7/28 Castello CircuitVarsity Lakes QLD 4227
Property Details for 7/28 Castello Cct, Varsity Lakes
7/28 Castello Cct, Varsity Lakes is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2010. The property has a land size of 100m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 2 bedroom Unit sold in Varsity Lakes in the last 12 months.
Last Listing description (August 2026)
Positioned within the highly sought-after Azzurra Eco resort, this well-presented ground-floor apartment offers an outstanding opportunity for investors, first home buyers, and downsizers alike.
Currently returning $695 $745 per week (approx. 4.4% 4.8% gross yield), it represents a smart, low-maintenance investment. At the same time, its ground-floor position and easy-access layout make it equally appealing for owner-occupiers seeking convenience and lifestyle.
Set within a peaceful, resort-style complex surrounded by lush bushland and tranquil waterways, the property consistently attracts quality tenants and residents who value both comfort and location. With professional onsite management and premium facilities, it's a versatile set-and-forget investment or an easy-care home.
Inside, the apartment showcases a modern, functional layout with quality finishes throughout. The contemporary kitchen features stone benchtops and quality appliances, flowing seamlessly into a light-filled open-plan living and dining area.
Large sliding doors extend to an oversized east-facing balcony, enhancing natural light, airflow, and overall livability.
Perfect For
Investors seeking strong returns and tenant demand
First home buyers entering the market in a premium lifestyle location
Downsizers looking for single-level, low-maintenance living with no stairs
Investment Highlights
Rental return: $695 $745 per week
Approx. 4.4% 4.8% gross yield
Strong tenant demand (close to Bond University & transport)
Low-maintenance, lock-and-leave investment
Resort-style complex with onsite management
Property Features
Ground-floor position with easy access (ideal for downsizers)
Air-conditioned open-plan living and dining
Modern kitchen with stone benchtops & quality appliances
Spacious bedroom with built-in robes and ceiling fan
Large private balcony with seamless indoor-outdoor flow
Access to pool, BBQ facilities, and beautifully maintained grounds
Outgoings (approx.)
Body Corporate: $136 per week approx.
Rates: $1,395 per half-year approx.
Water & Sewerage: $269 per quarter
Sinking Fund: $251,221 approx.
Prime Location = Lifestyle & Convenience
Minutes to Varsity Lakes railway station
Close to Bond University
Within Varsity College catchment
3.6km to Robina Town Centre
Easy M1 access and a short drive to Gold Coast beaches
Enjoy direct access to scenic walking and cycling tracks around Lake Orr and Azzurra Islandright at your doorstep.
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 7/28 Castello Cct, Varsity Lakes, QLD 4227
- 06 Aug 2026Sold for $780,000
- 23 Apr 2026Listed for Sale $799,999+
- 05 Oct 2021Sold for $421,000
Recent sales nearby
See more recent sales nearby/assets/perm/g4zlwzx2zii6tfek4ntlvo3mnq?signature=db9cd6ea223c34ac56c2c2e8fd22753ccdb216bde91029b4b0cf88aad7fef958){kind=logo}
0
/assets/perm/ktm5npiheui63chuc5s6errlgq?signature=a1da5f22f8391c8d24b33697dbbb768e302f03ac32dc779a61a97777e27def44){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
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 8,127 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 70.17% increase in median value, while Units have seen a 92.69% increase. As at 31 July 2026:
- The median value for Houses in Varsity Lakes is $1,419,081 while the median value for Units is $997,662.
- Houses have a median rent of $970 while Units have a median rent of $825.
Suburb Insights for Varsity Lakes 4227
Market Insights
Varsity Lakes Trends for Houses
N/A
N/A
View TrendN/A
N/A
Varsity Lakes Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
