178/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
FOR RENT

178/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 139m2
Land area: 1755m2
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This property is currently on the market
Stunning Fully Furnished 4-Bedroom Apartment Overlooking Lake Orr
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Property Details for 178/251 Varsity Pde, Varsity Lakes

178/251 Varsity Pde, Varsity Lakes is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2004. The property has a land size of 1755m2 and floor size of 139m2.This Property is currently listed for rent with PRD BURLEIGH HEADS

Building Type
House
Year Built
2004
Floor Size
139m2
Land Size
1755m2
Local Government
Gold Coast City
Lot/Plan
178/SP151077

Last Listing description (January 2026)

Experience luxury living in this beautifully appointed, fully furnished apartment for $1,200 per week, increasing to $1,300 per week effective June 2026.

Ideally positioned in the heart of Varsity Lakes with breathtaking views of Lake Orr. Located within the exclusive and secure complex The Reserve, residents enjoy access to resort-style facilities including a sparkling pool, relaxing spa, fully equipped gym and library.

This spacious and stylish home spans two thoughtfully designed levels, offering flexibility and privacy for families, professionals, or those seeking a low-maintenance yet elegant lifestyle. The home features four generously sized bedrooms, including a luxurious master suite on the upper level with a walk-through robe and private ensuite. Bedrooms two and three each boast their own Juliet-style ensuited bathrooms, while the fourth bedroom is conveniently located on the lower level with easy access to the main bathroom and a separate powder room.

The open-plan alfresco-style kitchen is perfect for entertaining, seamlessly connecting to the bright, tiled living areas that create a fresh, modern feel throughout. Step outside to a spacious undercover outdoor entertaining area, as well as an expansive patio terrace that offers uninterrupted views of Lake Orrideal for relaxing or hosting guests. For year-round comfort, the apartment is fully equipped with ducted air conditioning.

Move in with ease, as this home is fully furnished and ready for immediate enjoyment. The unique dual-level layout provides a sense of space and separation, making it ideal for families or shared living. Situated just moments from local shops, cafes, scenic parks, Bond University, and public transport, this exceptional residence offers the ultimate in convenience and lakeside living.

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Property History for 178/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$620,000
16 Apr 2018
Listed for Rent
$1.20k/w
20 Jul 2025
  • 22 Jan 2026
    Listed for Rent $1,200 / week
  • 27 Jun 2025
    Listed for Rent $1,200 / week
  • 02 Jan 2024
    Listed for Rent $1,150 / 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.

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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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