149 Varsity Parade, Varsity Lakes, QLD 4227 sold on 20 February 2025 | OnTheHouse
SOLD
Sold on 20 Feb 2025 for $900,000

149 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 149 Varsity Pde, Varsity Lakes

149 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Townhouse with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in February 2025. There are other 2 bedroom Townhouse sold in Varsity Lakes in the last 12 months.

Building Type
Townhouse

Last Listing description (February 2025)

Don't miss this rare investment opportunity in a high-demand location! Offering multiple income streams, this versatile property is perfect for work-from-home professionals or savvy investors looking to lease out fully self-contained living spaces.

Key Features:
• Dual Occupancy Property: Comprising a studio, a 1-bedroom unit, and a dedicated business space.

Studio Space: Includes a kitchenette, bathroom, living and bedroom area, plus laundry facilities.
1 Bedroom Unit: Features a kitchen, living/dining area, bathroom, laundry facilities, and a spacious bedroom.
- Both spaces are air-conditioned with ceiling fans, and the property can be fully furnished upon negotiation. It also offers secure, separate rear street access via a laneway.
- Estimated Rental Return: $450 per week per studio, making this an excellent high-yield investment opportunity.

• Dedicated Business Space:
- Designed with partitioned office nooks and plenty of natural light.
- Includes a full kitchen, powder room, air conditioning, ample storage, and a private courtyard.
- Security system and street signage approval provide great visibility and convenient access for clients.

Additional Features:
• Single Garage + Visitor Parking: Convenient for both residents and clients.
• Solar System & Electric Hot Water: Energy-efficient utilities to save on costs.
• Low Body Corporate Fees: Approximately $20 per week, leaving more cash in your pocket to enhance your investment.

Location Highlights:
• Walking Distance to Local Amenities: Enjoy the convenience of being close to the lake, shops, and a popular local café.
• Future Growth Potential: A Coles supermarket is set to be built nearby, further boosting the area's appeal.

Whether you choose to live, work, or lease, this property's flexible layout and prime location offer endless potential for a profitable lifestyle.

Auction Sale. Act now and secure your slice of this high-profile, income-generating opportunity!

Auction- In Rooms 20th February Robina Event Centre

Property History for 149 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$900,000
20 Feb 2025
Listed for Rent
10 Sep 2025
  • 05 Sep 2025
    Listed for Rent $480 / week
  • 18 Mar 2025
    Listed for Rent $530 / week
  • 20 Feb 2025
    Sold for $900,000
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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 8,094 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, 396 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

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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.