1/5 Balmain StreetVarsity Lakes QLD 4227
Property Details for 1/5 Balmain St, Varsity Lakes
1/5 Balmain St, Varsity Lakes is a 2 bedroom, 1 bathroom DuplexSemi-detached with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 2 bedroom DuplexSemi-detached sold in Varsity Lakes in the last 12 months.
Last Listing description (July 2025)
Tucked away in a peaceful neighbourhood just moments from leafy parklands, quality schools, and shopping centres, this spacious two-bedroom duplex offers the perfect blend of comfort, convenience, and potential.
Light-filled, the open plan layout provides generous lounge and dining areas opening to a private secure yard, offering a blank canvas for your creative vision.
Whether you're looking to enter the market, grow your portfolio, or downsize in comfort, this property offers relaxed low maintenance living, convenient to everything.
** Currently tenanted until October 2025 **
** Investors please note this property has a rental appraisal of $750 - $775 p/w **
Property Features:
• Two bedrooms with built-in robes
• Spacious and light filled interior
• Open plan kitchen, dining and living space
• Secure yard perfect for children or pets
• Main bathroom with separate powder room
• Separate laundry
• Single lock-up garage with internal access
• Front duplex with no body corporate fees, only shared building insurance
Location Highlights:
• 30 metres to parklands
• Walk to Frascott Park featuring two playgrounds, basketball court, dog agility park, open fields and a cycle/exercise path
• 5 minutes to Treetops Shopping Centre, Bunnings and Marymount College
• 4.5km to Burleigh beachfront
Contact Danny O'Donnell on 0411 401 698 to arrange an inspection.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
Property History for 1/5 Balmain St, Varsity Lakes, QLD 4227
- 01 Jul 2025Sold for $840,000
- 17 Jun 2025Listed for Sale Offers over $799,000
- 11 Sep 2023Listed for Rent $675 / week
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0About 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 8,092 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 97.94% increase in median value, while Units have seen a 103.23% increase. As at 30 November 2025:
- The median value for Houses in Varsity Lakes is $1,324,459 while the median value for Units is $922,789.
- Houses have a median rent of $870 while Units have a median rent of $800.
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