114/251 Varsity ParadeVarsity Lakes QLD 4227
Property Details for 114/251 Varsity Pde, Varsity Lakes
114/251 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2004. The property has a land size of 2849m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in April 2021.
Last Listing description (May 2021)
Offering an outstanding sunny north facing position in The Seaeagle building in the Reserve, 114 will elevate your thoughts and senses with what the owners best describe the apartment as a "perfect resort retreat". Now it's time for you to come and live in what is regarded as the best complex for families, couples and students.
The facilities are outstanding, the resort style pool is what you would expect in a Balinese holiday getaway and the attention to detail of the grounds is second to none. The communal kitchen, covered gazebos in a tropical tropical setting will have you coming back time and time again to entertain with family and friends.
Take advantage of the second bedroom, bathroom and parking to earn some extra income or for that growing family.
Returns
Rental returns in Varsity Lakes offer investors some of the best returns on the Gold Coast. The Reserve Apartments goes that one step further and with vacancy rates as low as 0.2% on the Gold Coast expect huge demand for this apartment. Management has just rented an unfurnished apartment for $550 per week, expect more if you decide to furnish the apartment as students return to studies.
Outgoings
Body Corp $124 per week approx.
Council Rates $981 every 6 months approx.
Water $330 per quarter approx.
How it works
This is an expression of interest campaign, all written offers on contract will be presented to the vendors at any time with consideration. The owners may elect to accept an offer at any time. Act quickly to inspect and make your offer if interested.
- Master includes ensuite and a large walk through robe
- Second bedroom is great sized with built in robes (new storage)
- Two stylish bathrooms
- 4th level sunny north facing
- Two balconies one facing the Lake Orr and the other facing the mountains
- Gourmet kitchen, large granite stone tops
- Open plan living/ air-conditioned
- Security screens throughout including front door
- Separate laundry room with dryer
- Two car covered parking (closely separated)
- Storage room on title 3.5 metres x 2.2 metres
The Reserve Facilities:
- 47 meter lagoon pool with sandy beach
- Two BBQ areas + tables and chairs
- Two Fully equipped gymnasiums
- Steam room & plunge pool
- In-ground Spa
- Private Theatre room for 10 people
- Fully stocked Library
- Well maintained gardens
- Private and exclusive lakeside boardwalk around Lake Orr
- Lakeside and poolside Bali Huts
Location Highlights:
- Walking distance to Bond University
- Situated in Varsity Lakes primary & secondary school catchment
- Public transport at your door only minutes to Robina Town Centre
- 10 minutes drive to Burleigh Beach or Mermaid Beach
- Walk to shops, cafes and amenities
Property History for 114/251 Varsity Pde, Varsity Lakes, QLD 4227
- 20 Apr 2021Sold for $483,000
- 13 Apr 2021Listed for Sale EXPRESSIONS OF INTEREST
- 17 Jan 2020Listed for Rent $510 / week
Recent sales nearby
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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 8,110 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.
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