197/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
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197/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 132m2
Land area: 912m2
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Property Details for 197/251 Varsity Pde, Varsity Lakes

197/251 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 912m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last transferred in November 2012.

Building Type
House
Year Built
2004
Floor Size
132m2
Land Size
912m2
Local Government
Gold Coast City
Lot/Plan
197/SP151078

Last Listing description (February 2023)

This spacious, loft style home is set over two levels and boasts an impressive fit out and finish, not to mention stunning views overlooking Lake Orr! Only a handful of four bedroom homes are situated in The Reserve, making this property a unique opportunity for our next tenant.

The entrance level offers a stylish kitchen with stone bench tops, breakfast bar and quality stainless steel appliances as well as a separate bedroom. The air-conditioned open plan lounge and dining area flows beautifully to the huge, covered alfresco entertaining area overlooking the waterway.

Upstairs, you will find ducted air-conditioning, 3 generous bedrooms all with built-in robes and ceiling fans, master bedroom with walk-in-robe and ensuite and another bathroom with bathtub.

"The Reserve" is a resort style complex with a reputation of being one of the best complexes on the Gold Coast. Renowned for its prime waterfront location and within walking distance to Bond University as well as both Varsity Primary and High Schools. Kilometer's of walking and cycling tracks on your doorstep.

FEATURES INCLUDE:

- Master bedroom with walk-in-robe ensuite bathroom
- Additional three bedrooms with built-in-robes
- Family bathroom with bathtub
- Spacious, open plan living and dining area
- Gourmet kitchen with stone bench tops, breakfast bar and stainless steel appliances
- Expansive alfresco entertainment area with huge balcony overlooking Lake Orr
- Air-conditioning throughout including ducted air-conditioning upstairs
- Laundry and powder room located downstairs
- Two undercover secure car spaces
- Storage cage included

RESERVE FACILITIES

- Lagoon-style pool
- Gymnasium
- BBQ Facilities
- Private theatre
- Plunge pool and spa
- Steam room
- Games room

Situated right in the heart of the Gold Coast, Varsity Lakes provides great convenience to all the region has to offer and is just a short drive from the Gold Coast's world famous beaches, Fringed with World Heritage listed rainforest and popular theme parks - a vibrant mix of industry and commerce and a relaxed, laid-back lifestyle, this is surely one of the most "liveable" regions in Australia.

Laced with lush green parks, walking tracks and waterways, you are never far from nature, peace and tranquillity.

Just minutes drive to the Gold Coast Titans, Robina Hospital and Robina Town Centre, one of the largest shopping centres in the southern hemisphere.... This really is the location that has it all.

Varsity State and High School and Bond University provide comprehensive educational opportunities, with many other public and private schools within a close proximity.

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Property History for 197/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Transferred
$410,000
13 Nov 2012
Listed for Rent
$1.15k/w
22 Feb 2023
  • 22 Feb 2023
    Listed for Rent $1,150 / week
  • 13 Nov 2012
    Transferred for $410,000
  • 28 Sep 2012
    Listed for Sale AUCTION ONSITE 4PM 3/11/2012
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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, 396 properties were sold in the past 12 months in Varsity lakes.

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© 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.

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