190/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
OFF MARKET

190/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 103m2
Land area: 912m2
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Property Details for 190/251 Varsity Pde, Varsity Lakes

190/251 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 912m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Unit
Year Built
2003
Floor Size
103m2
Land Size
912m2
Local Government
Gold Coast City
Lot/Plan
190/SP151078

Last Listing description (July 2025)

Situated on the 1st floor and capturing those Easterly expansive views of Lake Orr and skyline views of Burleigh. This is a beautifully presented property with a spacious floor plan offering two bedrooms, two bathrooms and an open plan living, dining and kitchen combination. This is one of the end apartments in the Pelican building that has been freshly painted and new carpet throughout.Features:2 spacious bedrooms2 Bathrooms2 car accommodationStorage cageOpen plan living and diningGourmet kitchenStone benchtopsStainless steel applianceLarge balconyExpansive water and skyline viewsResort style complexLagoon pool with private beachGymSteam roomBBQ areaRental appraisal $670 - $700 per weekRates approximately $1,800.00 per yearWater approximately $1,200.00 per yearBody corporate fees $121.90 per weekThe Reserve is a resort style complex with an unbeatable location. Walking distance to Bond University, Varsity Primary and High Schools and Varsity Caf&aecute; Precinct. Custom built cabinetry throughout adding to the character of this impressive property. Inspections are highly recommended and sure to impress. Currently vacant and available to move into straight away for the lucky new owner.

Property History for 190/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$670,000
01 Dec 2022
Listed for Rent
$570/w
20 Jul 2016
  • 01 Dec 2022
    Sold for $670,000
  • 24 Oct 2022
    Listed for Sale Contact Agent
  • 23 Jun 2016
    Listed for Rent - Price not available
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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 8,092 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 97.94% increase in median value, while Units have seen a 103.23% increase. As at 30 November 2025:

  • The median value for Houses in Varsity Lakes is $1,324,459 while the median value for Units is $922,789.
  • Houses have a median rent of $870 while Units have a median rent of $800.
There are currently 25 properties listed for sale, and 26 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 402 properties were sold in the past 12 months in Varsity lakes.

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