1/2 Morea Court, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
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1/2 Morea Court
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 123m2
Land area: 105m2
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Last updated 19 Jan 2026
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Property Details for 1/2 Morea Ct, Varsity Lakes

1/2 Morea Ct, Varsity Lakes is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2003. The property has a land size of 105m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in November 2023.

Building Type
Townhouse
Year Built
2003
Floor Size
123m2
Land Size
105m2
Local Government
Gold Coast City
Lot/Plan
1/SP159314

Last Listing description (December 2023)

Renovated to better than new standard, this 3 bedroom, town house is the perfect opportunity for investors, first home buyer or anyone looking for a modern and comfortable living environment. The master is oversized

Throughout the day you're able to enjoy the abundance of sunlight from the North facing new timber deck and provide privacy & shade during the afternoon. Perfect for sunset drinks. The low maintenance yard is fully fenced, ideal for a small pet or outdoor spa.

Minutes to Lake Orr, Varsity Central, Varsity primary and senior schools, Nobby and Burleigh Beach, the rainforest, Robina Town Centre, parks and the M1 motorway, this is genuinely one of the best positions in the Gold Coast.

HIGHLIGHTS
3 bedrooms (upstairs)/2.5 bathrooms/double lock up garage
Two level townhouse
Stone bench tops on all bathrooms & kitchen
Gas cook top
New carpet
Bath in the main bathroom. LED light sensors in both bathrooms.
3rd toilet, powder room downstairs.
Auto double lock up garage with screen
Small boutique block of 4
Living & master bedroom air conditioned, ceiling fans throughout.
Crimsafe security screens
Quality blinds throughout.
Generous master bedroom suite.
All a very short walk from Varsity High School, Bond University and Lake Orr.

POTENTIAL INCOME:
Rental: $850 - $900 weekly (approx.)
Airbnb: $250 - $550 per night (approx.)

SCHOOL CATCHMENT ZONE:
Varsity College Primary and Senior School
King's Christian College
Somerset College
Bond University

NOW THE GEOGRAPHY:
1 mins to Lake Orr
7 mins to Robina Town Centre
13 mins to Burleigh Beach
6 mins to M1 Motorway
24 mins to Coolangatta Airport
1 hour and 2 mins to Byron Bay

DISTANCES:
Bus Stop - 300m
Robina Town Centre - 3.3km
Primary School - 850m
High School - 500m
Parkland - 200m
Highway - 4.4km
Train Station - 3.1km
Beach - 7km
Hospital - 4.7km

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Property History for 1/2 Morea Ct, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$950,000
08 Nov 2023
  • 08 Nov 2023
    Sold for $950,000
  • 02 Nov 2023
    Listed for Sale $939,000+
  • 13 Sep 2021
    Sold for $850,000
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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 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 30-39 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 8,095 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 98.15% increase in median value, while Units have seen a 98.82% increase. As at 31 December 2025:

  • The median value for Houses in Varsity Lakes is $1,353,363 while the median value for Units is $910,743.
  • Houses have a median rent of $870 while Units have a median rent of $800.
There are currently 35 properties listed for sale, and 29 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 396 properties were sold in the past 12 months in Varsity lakes.

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© 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.

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