132/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

132/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 184m2
Land area: 2849m2
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Property Details for 132/251 Varsity Pde, Varsity Lakes

132/251 Varsity Pde, Varsity Lakes is a 4 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2004. The property has a land size of 2849m2 and floor size of 184m2. While the property is not currently for sale or for rent, it was last sold in May 2024.

Building Type
Unit
Year Built
2004
Floor Size
184m2
Land Size
2849m2
Local Government
Gold Coast City
Lot/Plan
132/SP151076

Last Listing description (June 2024)

The Jon Paul Team is proud to present another unique apartment in the tropical setting known as " The Reserve". Act quickly and come along to view this two level sub penthouse in the Sea Eagle building.

Now is the time to pack your bags and secure this unique proposition.

This iconic apartment complex is so central and has become popular with families, professionals and investors. For families the facilities are what you would expect at a tropical getaway, the lagoon styled pool is framed with lush & manicured gardens and sandy shores are popular with sunbathers that you will often find soaking up the sun.

For the professionals, the complex is right in the hub of the CBD and University is across the road, within a short drive you can either catch the fast train to Brisbane or simply drive yourself, there's no better place to unwind after a long day at work. Investors take note...Varsity Lakes has been recognised as having one of the highest yielding rents on the Gold Coast so expect up to $1200 per week approximately for this true 4 bedroom.
With easy access from the basement, ground level, views of Surfers Paradise and a north facing position this apartment is light, airy and private.

Step inside and you have your own private lobby entrance to welcome friends and family, the separate dining room could also serve as an office, workout zone or even kids retreat, the possibilities are endless. Just freshly painted and a new A/C installed, this apartment offers loads of character that is worth placing on your short list!

- Lift access from the basement and ground level
- Just repainted this month
- 4 bedrooms
- 3 full-sized bathrooms (1 with a bath)
- 2 Car Parks
- Large storage cage
- Walk-in laundry
- Master Retreat with tree-lined views
- 2 x Mitsubishi hyper inverter Air Conditioning units (ducted and split system)

Outgoings:
- Council Rates: $1,842 per annum
- Water Rates: $340 per quarter
- Body Corporate $194 per week

Property History for 132/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$940,000
24 May 2024
Listed for Rent
$800/w
10 Nov 2020
  • 24 May 2024
    Sold for $940,000
  • 03 Apr 2024
    Listed for Sale $950,000
  • 09 Nov 2020
    Listed for Rent $800 / week
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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 8,095 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 35 properties listed for sale, and 29 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 397 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.