1/22 Palma Crescent, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
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1/22 Palma Crescent
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 137m2
Land area: 91m2
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Property Details for 1/22 Palma Cres, Varsity Lakes

1/22 Palma Cres, Varsity Lakes is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2006. The property has a land size of 91m2 and floor size of 137m2. While the property is not currently for sale or for rent, it was last sold in November 2023.

Building Type
Townhouse
Year Built
2006
Floor Size
137m2
Land Size
91m2
Local Government
Gold Coast City
Lot/Plan
1/SP178198

Last Listing description (January 2024)

Experience the epitome of modern living in this remarkable townhouse, perfectly positioned on an elevated corner block in the coveted locale of Varsity Lakes. This exclusive property, one of only three, offers an unparalleled opportunity for both astute investors and discerning homebuyers looking for a harmonious blend of comfort and convenience.

With impressively low body corporate fees, this gem presents an irresistible proposition, promising a hassle-free lifestyle without compromising on quality or luxury. Don't miss this exceptional chance to secure your ideal family sanctuary in a location that's second to none.

Indulge in the effortless charm of this thoughtfully designed open-plan home, seamlessly blending functionality with style. Bask in the natural light that fills the expansive living spaces, providing a warm and inviting ambience for you and your loved ones to enjoy. Feel the gentle breezes and soak in the panoramic views that accentuate the allure of this exceptional property.

Discover the true essence of community living, with the convenience of all that Varsity Lakes has to offer just a stone's throw away. Immerse yourself in the vibrant lifestyle, while relishing the tranquility and exclusivity this unique corner block provides.

Education is made effortless with the property situated in the highly sought-after Varsity School catchment zone, ensuring your family has access to excellent educational opportunities. The added convenience of the school being within easy walking distance further enhances the appeal of this exceptional property.

Don't let this opportunity slip away. Embrace the lifestyle you've always dreamed of and secure your piece of paradise in this thriving community. Book your private viewing today and make this townhouse your new home.

? Huge Master bedroom with a walk-in-robe, his and hers ensuite, and a private balcony with views from Surfers Paradise to Burleigh Heads
? Two other bedrooms with a shared balcony, one with a walk-in-robe
? Open-plan living and dining
? New carpet throughout
? Freshly painted
? Main bathroom with spa
? Two-car secure garage with internal access
? Tinted Windows
? Air-conditioned and ceiling fans throughout
? Ample storage
? Separate laundry with build-in laundry baskets
? Powder room downstairs
? Vacumaid ducted vacuum system

Expected Income
? $815 to $880 per week approx

Outgoings
? Rates $1001 approx 6 Months
? Water $330 approx 6 Months
? Body Corporate $58 per week approx

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Property History for 1/22 Palma Cres, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$830,000
20 Nov 2023
  • 20 Nov 2023
    Sold for $830,000
  • 16 Oct 2023
    Listed for Sale $859,000
  • 24 Jul 2020
    Sold for $520,000
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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 8,111 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 97.92% increase in median value, while Units have seen a 98.70% increase. As at 31 January 2026:

  • The median value for Houses in Varsity Lakes is $1,372,316 while the median value for Units is $940,587.
  • Houses have a median rent of $875 while Units have a median rent of $810.
There are currently 31 properties listed for sale, and 28 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 401 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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