119/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

119/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 103m2
Land area: 2849m2
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Property Details for 119/251 Varsity Pde, Varsity Lakes

119/251 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 2013.

Building Type
Unit
Year Built
2004
Floor Size
103m2
Land Size
2849m2
Local Government
Gold Coast City
Lot/Plan
119/SP151076

Last Listing description (January 2025)

Enjoy all that Varsity Lakes has to offer from this fourth level apartment. ‘The Reserve’ is Varsity Lake's premier apartment complex with resort style features and is perfectly positioned directly across the road from world renowned Bond University & Varsity CBD. Currently vacant and ready for the right tenant. You will need to be quick!

Features include:

- 2 spacious bedrooms, walk-in-robe to master

- 2 bathrooms including ensuite to main bedroom
- Gourmet kitchen with stone bench tops and stainless steel appliances
- Spacious, open plan living
- Air-conditioning
- Ceiling fans throughout
- Balcony with water views
- Resort style facilities
- Two secure car parks side by side + cage for storage
- Fridge, washing machine and dryer included

The Reserve is ideally located on the foreshore of Lake Orr in Varsity Lakes and directly opposite internationally acclaimed Bond University. With resort style 5 star facilities such as a lagoon style pool, gym, spa, steam room, theatre and library, this lifestyle is hard to beat.

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Property History for 119/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$341,000
26 Apr 2013
Listed for Rent
$700/w
03 Jan 2025
  • 03 Jan 2025
    Listed for Rent $700 / week
  • 19 Dec 2018
    Listed for Rent $480 / week
  • 26 Apr 2013
    Sold for $341,000
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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.