123/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

123/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 141m2
Land area: 2849m2
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Property Details for 123/251 Varsity Pde, Varsity Lakes

123/251 Varsity Pde, Varsity Lakes is a 3 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 141m2. While the property is not currently for sale or for rent, it was last sold in August 2014.

Building Type
Unit
Year Built
2004
Floor Size
141m2
Land Size
2849m2
Local Government
Gold Coast City
Lot/Plan
123/SP151076

Last Listing description (May 2022)

Spread out over two floors and enjoying impressive water views over Lake Orr, this fully furnished apartment is situated in The Reserve in Varsity Lakes which is highly renowned for its prime location and resort style facilities.

Features:

Furnished

3 Bedrooms
2 Bathrooms
2 Living zones
Open plan living and dining
Gourmet kitchen
Stainless steel appliances
Stone bench tops
Timber floors
Outdoor entertaining
Huge balcony
Resort style facilities
Elevator access
Study area
Ducted air
*FULLY FURNISHED*

Not only does the property benefit from a prime position but its offers an unbeatable lifestyle. Walking distance to Bond University and the Varsity Lakes CBD. Varsity Schools, shopping and public transport are all a short distance away. Walking and cycling tracks are on your doorstep.

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Property History for 123/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$643,800
13 Aug 2014
Listed for Rent
$800/w
07 May 2021
  • 07 May 2015
    Listed for Rent $650 / week
  • 02 Oct 2014
    Listed for Rent $700 / week
  • 13 Aug 2014
    Sold for $643,800
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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.