14 Tracey Cres, Varsity Lakes is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2000. The property has a land size of 769m2 and floor size of 175m2. While the property is not currently for sale or for rent, it was last sold in July 1999.
Perfectly positioned on a generous 769sqm parcel in a tightly held, waterfront pocket, this well-maintained family home presents an exceptional opportunity for investors seeking long-term stability in a premium location. Held as a successful investment since new by overseas owners, the property has been much loved and carefully maintained, now offered to the market due to changing circumstances.
Currently leased to long-term tenants who treat the home as their own, this is a true set-and-forget investment with strong rental appeal. The home is energy efficient with a 7.5kw solar system already in place, adding further value and reducing ongoing running costs.
Inside, the layout offers excellent separation of space. A light-filled open plan tiled kitchen and dining area is air-conditioned and flows seamlessly to the outdoor entertaining space, perfectly positioned to capture the outlook across the yard. A large formal lounge provides a second living zone, carpeted with a ceiling fan, alongside a further study nook ideal for working from home or additional flexibility.
Accommodation includes four well-sized bedrooms, all with fans, including a master bedroom complete with ensuite. Outdoors, the undercover patio overlooks the water and flows onto a very large grassed yard - one of the standout features of this home and rarely found at this price point.
Privately positioned in a quiet, established street, this is a solid investment in a high-demand location with strong long-term fundamentals and reliable tenancy already in place.
PROPERTY FEATURES
Premium water position on a generous 769sqm block
Strong investment property with long-term overseas ownership
Currently tenanted with reliable long-term tenants in place
Energy efficient with 7.5kW solar system installed
Open plan tiled kitchen and dining area with air conditioning
Kitchen and dining flow seamlessly to outdoor entertaining area
Large formal lounge room with carpet, ceiling fan and additional study nook
Four well-sized bedrooms, all with ceiling fans
Master bedroom includes private ensuite and walk in robe
Large undercover outdoor patio overlooking water and large grassed yard
Private, quiet street in a tightly held location
Rent $820pw with lease until 30/01/27
Potential rent appraisal $1,000 to $1,100 pw
Water Rates $2,049 (approx.)
Council Rates $3,867.22 (approx.)
VARSITY LAKES:
Just 10 minutes drive to the beach, Varsity Lakes is a master-planned community designed around scenic Lake Orr. Families are drawn here for it's strong sense of community, expansive parklands and standout local schools and world famous Bond University.
The area offers fantastic infrastructure including shopping hubs like Treetops Shopping Centre and Christine Corner, plus major medical and transport access via Varsity Lakes Train Station. Residents also enjoy standout recreation, with top-tier sporting facilities and outdoor fitness zones.
Whether it's lifestyle, education or connectivity you value, Varsity Lakes has it all.
Disclaimer: We have in preparing this information used our best endeavors 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 vendors, purchasers & tenants should make their own enquiries to verify the information contained herein.
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 8,107 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 85.34% increase in median value, while Units have seen a 105.15% increase. As at 30 April 2026:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.