163/251 Varsity Parade, Varsity Lakes, QLD 4227 sold on 06 October 2026 | OnTheHouse
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Sold on 06 Oct 2026 for $1,180,000

163/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 103m2
Land area: 1755m2
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Property Details for 163/251 Varsity Pde, Varsity Lakes

163/251 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2003. The property has a land size of 1755m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in October 2026. There are other 2 bedroom Unit sold in Varsity Lakes in the last 12 months.

Building Type
Unit
Year Built
2003
Floor Size
103m2
Land Size
1755m2
Local Government
Gold Coast City
Lot/Plan
163/SP151077

Last Listing description (October 2026)

Case Study:
Method of Sale: Private Treaty
Days on Market: 40

Open Homes: 6
Buyer Inspections: 16
Online Enquiries: 7
Views Online: 1,517

Welcome to this beautifully renovated two-bedroom, two-bathroom first-floor apartment, perfectly positioned within the exclusive waterfront community of The Reserve. From the moment you step inside, you'll appreciate the natural light and peaceful surroundings, with stunning views across Lake Orr visible from nearly every room. With a private outlook and a beautifully renovated interior, this home offers an exceptional combination of comfort, tranquility and lifestyle.

Thoughtfully renovated throughout, the air-conditioned apartment presents as completely move-in ready. The renovation includes a brand-new ensuite and laundry, a beautifully refurbished main bathroom, new timber-look flooring to the living areas, new carpet to the bedrooms, fresh paint throughout, new block-out curtains and sheers, and new ceiling fans. Every element has been carefully considered to create a stylish and comfortable home.

At the heart of the apartment, the brand-new kitchen combines functionality with contemporary style. A stunning stone waterfall benchtop and breakfast bar are complemented by elegant brushed brass tapware, feature tile splashback and a high-quality induction cooktop. The open-plan living and dining area provides plenty of space for relaxed everyday living, with the new timber-look flooring adding warmth and a sophisticated finish.

The spacious, fully covered main balcony flows seamlessly from the living area and is a standout feature of the home. With no other units directly overlooking it, the balcony provides a wonderful sense of privacy and an uninterrupted waterfront outlook. There is ample room for a barbecue and outdoor dining setting, making it perfect for year-round entertaining or simply relaxing and enjoying the view. The master bedroom also features its own private covered balcony, offering a peaceful retreat for morning coffee or unwinding at the end of the day.

The master suite benefits from a generous walk in robe and brand-new ensuite, while the second bedroom is complete with built-in mirror-door robes.The main bathroom has also been tastefully refurbished, featuring brushed nickel tapware, a stone benchtop and stylish floor-to-ceiling tiles.

Residents of The Reserve enjoy a peaceful and friendly community surrounded by tropical gardens and beautiful waterfront scenery. The fully secure complex offers an impressive array of resort-style facilities, including a huge wrap-around pool with sun chairs, a private exclusive sandy beach, residents' lounge with kitchen, two gyms, two spas, cinema, library and a viewing deck. Private waterfront beach and boardwalk access connects through a pedestrian gate to the public walkway around Lake Orr, providing a beautiful setting for morning walks, evening strolls and easy access towards Varsity Town Centre and the surrounding parklands.

Everyday convenience is also close at hand, with Blackboard Caf, the post office, convenience stores and a range of dining options nearby. The new Varsity Coles and Bond University are just a few minutes away, while tandem basement parking and a separate secure storage cage add further practicality. Combining wide waterfront views, a quality renovation, exceptional resort-style facilities and an enviable location, this is a truly special opportunity to enjoy a relaxed waterfront lifestyle.

Key Features
Two-bedroom, two-bathroom first-floor apartment
Fully renovated throughout in 2025
Wide, uninterrupted waterfront views of Lake Orr
Private outlook with no units directly overlooking
Two fully covered balconies including main balcony with room for a barbecue and dining setting and private master bedroom balcony
Brand-new kitchen, ensuite and laundry
Refurbished main bathroom with stone benchtop and floor-to-ceiling tiles
Split system air conditioning
Stone waterfall kitchen benchtop with breakfast bar, brushed brass kitchen tapware and quality induction cooktop
Separate laundry
New timber-look flooring throughout the living areas
New carpet in both bedrooms
New ceiling fans, blockout curtains and sheers
Tandem basement parking and storage cage, with lift access
Exclusive The Reserve complex with resort-style facilities
Huge wrap-around pool complete with sun lounges
Private sandy beach, exclusive to complex residents
Two gyms, spas, residents kitchen, library and cinema
Secure complex with intercom
Pet friendly
Visitor parking
Private waterfront boardwalk linking to the public walkway, with convenient access to Lake Orr, Varsity Town Centre, parklands, cafs, dining, Varsity Coles and Bond University

Property Specifics:
Council Rates: $1,177.71* per half year
Water Rates: $486.82* per quarter
Rental Appraisal: Estimated rental income of $850* per week
Body Corporate: $192* per week
*Approx.

Disclaimer: We have in preparing this information used our best endeavours 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 purchasers should make their own enquiries to verify the information contained herein.

Property History for 163/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$1,180,000
06 Oct 2026
  • 06 Oct 2026
    Sold for $1,180,000
  • 13 Aug 2026
    Listed for Sale Offers over $1,180,000
  • 22 Jul 2022
    Listed for Sale $765,000
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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 59.67% increase in median value, while Units have seen a 80.98% increase. As at 31 August 2026:

  • The median value for Houses in Varsity Lakes is $1,393,843 while the median value for Units is $969,991.
  • Houses have a median rent of $960 while Units have a median rent of $830.
There are currently 72 properties listed for sale, and 33 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 400 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.