16/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
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16/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 1143m2
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Property Details for 16/251 Varsity Pde, Varsity Lakes

16/251 Varsity Pde, Varsity Lakes is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2004. The property has a land size of 1143m2. While the property is not currently for sale or for rent, it was last sold in February 2025.

Building Type
Unit
Year Built
2004
Land Size
1143m2
Local Government
Gold Coast City
Lot/Plan
16/SP151075

Last Listing description (March 2025)

Step into a world of luxury with this spacious sub-penthouse, perfectly positioned to showcase spectacular lake views and the serene beauty of the hinterland and just 10 minutes to some of the world's best beaches. Nestled just steps from the boardwalk and market square, this gem offers the ultimate lakeside living experience. Designed with both style and functionality in mind, the home features generous interior, plenty of storage, and an entertainer's balcony-perfect for soaking in the breathtaking scenery while hosting family and friends.
4 Spacious Bedrooms
2.5 Bathrooms (2 up and powder room with new toilet)

2 Car Garage & Storage cage on title
Ducted Airconditioning- New Air Conditioner in main living room
Inclusions- Dishwasher, Dryer and washing machine
Recently Painted and carpeted throughout
Smoke Alarm compliant
Brand New Patio Roof
Brand New Cooktop, Range and Oven (never been used)
Large entertainers deck with shade sails
Spectacular views of Lake Orr and Market Square- that's such a vibrant community!

Resort Facilities
47m Tropical Free Form swimming pool with white sand beach - ideal for laps or family gatherings
2 Gyms + Common Area Kitchen
New Infrared Sauna
Plunge Pool
Spa/ Change Rooms
Library and Theatre
On-site management
New Security system accessed by fob or phone app
Multiple Covered Gazebos and picnic areas with 2 BBQ's within the complex

Investors
Rental Income Potential: Earn $1,200 to $1300 per week, or about $300 per room.

Outgoings:
Council Rates: $1300 (approx. per 6 months)
Water: $400 (approx. per quarter)
Body Corporate: $140 per week (approx.)

Location Highlights
Situated in sought-after Varsity Lakes, you're within walking distance to shops, cafs, the CBD hotel, businesses, post office, schools, and Bond University. Plus, you're just a 15-minute drive to some of the Gold Coast's most beautiful beaches.

Don't wait-contact Jon Paul today to arrange your inspection.

Opportunities like this don't last long!

Auction 20th February 2025. Submit your offer now!

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Property History for 16/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$1,020,000
20 Feb 2025
Listed for Rent
$850/w
09 Nov 2021
  • 20 Feb 2025
    Sold for $1,020,000
  • 20 Jan 2025
    Listed for Sale AUCTION
  • 30 Jun 2022
    Listed for Sale Offers Over $950,000
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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 8,104 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 89.77% increase in median value, while Units have seen a 102.81% increase. As at 28 February 2026:

  • The median value for Houses in Varsity Lakes is $1,376,945 while the median value for Units is $958,531.
  • Houses have a median rent of $880 while Units have a median rent of $800.
There are currently 40 properties listed for sale, and 25 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 427 properties were sold in the past 12 months in Varsity lakes.

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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

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.

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