1302/3 Main Street, Varsity Lakes, QLD 4227 sold on 03 August 2026 | OnTheHouse
SOLD
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Sold on 03 Aug 2026 for $816,000

1302/3 Main Street
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 89m2
Land area: 104m2
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Property Details for 1302/3 Main St, Varsity Lakes

1302/3 Main St, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 104m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 2 bedroom Unit sold in Varsity Lakes in the last 12 months.

Building Type
Unit
Year Built
2008
Floor Size
89m2
Land Size
104m2
Local Government
Gold Coast City
Lot/Plan
1302/SP199636

Last Listing description (August 2026)

Savvy investors, take note. This is a rare opportunity to secure two income streams on a single title, meaning you benefit from dual returns while paying only one body corporate levy. Positioned on an elevated third-floor setting with a sunny, east-facing outlook, this property offers ultimate flexibility. Keep one unit for yourself, a family member, or a student, and let the adjoining tenant offset your mortgage-or lease both for an accelerated payoff.With demand for cash-flow-positive properties at an all-time high, this secure, lift-serviced complex delivers an outstanding combined rental expectation of $1,000 per week. Perfectly situated within walking distance to Bond University and complete with an on-site pool and proactive management, this is a smart, safe, and highly lucrative move.The OpportunityTwo Units | One Title: Separate front doors ensure complete privacyOutstanding Returns: $1,000 per week combined rental yieldLow Outgoings: Body Corporate is approximately $100 per weekProperty Breakdown-The One-Bedroom Apartment ($600/week) Layout: 1 bedroom, 1 bathroom, and 1 secure car park Living: Spacious, air-conditioned living room with 2 ceiling fans for year-round comfort Kitchen: Full-sized kitchen featuring a fridge, dishwasher, and ample storage space. Views: Private balcony with stunning easterly views toward Burleigh. Convenience: Dedicated laundry nook equipped with a washing machine and dryer-The Studio Apartment ($400/week) Layout: Compact and highly functional 1 bedroom, 1 bathroom Kitchen: Well-appointed kitchen setup, including a fridge Views: Private balcony capturing excellent Burleigh views Climate: Fully air-conditioned Convenience: New Washing Machine IncludedComplex Highlights Prime Location: Easy walking distance to Bond University Amenities: Lift access and a well-maintained on-site swimming pool Management: Excellent on-site management team ensuring your investment is well-protected.

Property History for 1302/3 Main St, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$816,000
03 Aug 2026
Listed for Rent
$335/w
11 Dec 2015
  • 03 Aug 2026
    Sold for $816,000
  • 30 Jun 2026
    Listed for Sale $785k+
  • 15 Sep 2022
    Sold for $495,000
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About Varsity Lakes 4227

The size of Varsity Lakes is approximately 5.9 square kilometres. There are 23 parks, covering nearly 10.6% of the 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 20-29 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 8,126 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 70.17% increase in median value, while Units have seen a 92.69% increase. As at 31 July 2026:

  • The median value for Houses in Varsity Lakes is $1,419,081 while the median value for Units is $997,662.
  • Houses have a median rent of $970 while Units have a median rent of $825.
There are currently 70 properties listed for sale, and 32 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 421 properties were sold in the past 12 months in Varsity lakes.

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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.