118/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

118/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 80m2
Land area: 2849m2
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Property Details for 118/251 Varsity Pde, Varsity Lakes

118/251 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2003. The property has a land size of 2849m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
Unit
Year Built
2003
Floor Size
80m2
Land Size
2849m2
Local Government
Gold Coast City
Lot/Plan
118/SP151076

Last Listing description (October 2024)

*** Video Walk Through on Facebook - Varsity Lakes Property Group ***

Enjoy breathtaking views of Lake Orr at 118/251 Varsity Parade, Varsity Lakes proudly presented by Mitch Harrop. Situated within The Reserve, a stunning resort style complex with the convenience of shops, schools, and the beautiful Lake Orr board walks, right at your doorstep.

Prepare to be captivated by the expansive floor plan and the abundance of natural light that fills every corner. With its generous proportions, elevated position, and thoughtfully designed layout, this apartment is poised to impress its fortunate new owner - and that could be you!

Get ready to embrace a new chapter of your life in this fantastic home. With its desirable features and unbeatable location, this apartment promises to exceed your expectations. Don't miss the opportunity to make it yours and experience the epitome of resort style living.

Boasting Home Features Include:

Immerse yourself in the breathtaking water views from the balcony and both bedrooms
Expansive open plan living and dining flowing effortlessly to the covered balcony
Covered balcony for delightful alfresco dining paired with elevated breezes
Modern kitchen with quality appliances and stone benchtops
Oversized master bedroom complete with a walk-in robe, ensuite, water views and balcony access
Additional spacious second bedroom with built in robe and ceiling fan
Modern main bathroom and separate full internal laundry for your convenience
Enjoy year round comfort with air-conditioning throughout the living area and master bedroom
Two designated secure car spaces for peace of mind
Large exclusive storage cage providing ample space for all your needs
Embrace the ease of single level living with lift access (no stairs)
Vacant and ready for the new owner

Council Rates: Approx. $1,120 bi-annually
Water Rates: Approx. $380 per quarter
Body Corporate: Approx. $135 per week

Boasting 'The Reserve' Complex Features Include:

47-meter lagoon pool with sandy beach and plunge pool
Private waterfront pavilion and lakeside walking paths
Heated spa and fully equipped gymnasium
Library, steam room and games room
Communal kitchenette, barbecue facilities
Gated security, double garage, and visitor parking
Onsite management and office

Boasting Location Features Include:

Gorgeous lakeside board walks right at your front door
Walking distance to Varsity College and Bond University
Short stroll to the boutique Varsity Lakes CBD
Stone's throw to restaurants, cafes, chemist and post office
Close by is Kings, All Saints, Hillcrest and Gold Coast Christian College
Short drive to Burleigh Heads and the world-renowned Gold Coast beaches

Contact your local agent Mitch Harrop for more information today!

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 purchasers should make their own enquiries to verify the information contained herein.
* denotes approximate measurements.

Property History for 118/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$725,000
10 Jul 2023
Listed for Rent
$410/w
14 Oct 2009
  • 10 Jul 2023
    Sold for $725,000
  • 06 Jul 2023
    Listed for Sale Under Contract
  • 28 Nov 2014
    Sold for $370,000
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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 8,110 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.
There are currently 30 properties listed for sale, and 26 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 391 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.