1/40 Frascott Avenue, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

1/40 Frascott Avenue
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 63m2
Land area: 58m2
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Last updated 21 Sep 2026
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Property Details for 1/40 Frascott Ave, Varsity Lakes

1/40 Frascott Ave, Varsity Lakes is a 2 bedroom, 1 bathroom Townhouse with 3 parking spaces and was built in 1985. The property has a land size of 58m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last transferred in June 2019.

Building Type
Townhouse
Year Built
1985
Floor Size
63m2
Land Size
58m2
Local Government
Gold Coast City
Lot/Plan
1/BUP6764

Last Listing description (January 2025)

This beautiful 2-bedroom home is the perfect blend of modern living and outdoor entertainment, offering comfort and convenience in a highly sought-after location.

Situated on Frascott Avenue, Varsity Lakes, this property is just a short drive from the stunning beaches of Burleigh Heads, trendy cafes, and boutique shops, while also providing easy access to the motorway for seamless exploration of the wider region.

Property Features:

Open plan living and dining area with stylish hybrid flooring
Modern kitchen with ample cupboard space
Two upstairs bedrooms with ceiling fans and built-in robes
Air Conditioning in Main Bedroom upstairs
Single garage with internal laundry and direct access to the unit and backyard
Additional parking space for two vehicles with side access to the yard
Expansive entertainers space perfect for gatherings
Two storage cages providing extra convenience
Fully fenced yard with tropical plants for privacy and tranquillity.
Enjoy a low-maintenance lifestyle with the added benefit of a fully fenced yard, making it ideal for entertaining or relaxing in peace.

Whether you're looking to unwind or entertain friends and family, this home has it all.

Located in a highly desirable area, this home offers the best of both worlds: the serenity of suburban living combined with proximity to vibrant coastal attractions.

Dont miss out on this fantastic opportunity to secure your dream home in Varsity Lakes!

TENANT TO PAY

· Approved tenants will be responsible to maintain lawns and gardens during tenancy

BOOKING AN INSPECTION

Don't miss out on this beautiful property, book an inspection by getting in touch with us today.

By registering your details, you will be INSTANTLY informed of any updates, changes or cancellations for your property appointment
Please note that registering your details for each inspection is compulsory as inspection times may change without notice if you are not registered for the viewing.

If you have any further enquires please contact the office on 1300 980 588.


DISCLAIMER

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 tenants should make their own enquiries to verify the information contained herein. No guarantees or warranties are provided regarding its current state or future potential. Interested parties should seek professional advice to understand the implications of purchasing this property.

Property History for 1/40 Frascott Ave, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Transferred
$292,500
22 Jun 2019
Listed for Rent
$720/w
05 Jan 2025
  • 05 Jan 2025
    Listed for Rent $720 / week
  • 24 Oct 2024
    Transferred for $750,000
  • 28 Sep 2023
    Listed for Rent $700 / week
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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 8,129 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 68 properties listed for sale, and 35 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 407 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

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.