198/251 Varsity Parade, Varsity Lakes, QLD 4227 sold on 30 January 2026 | OnTheHouse
SOLD
Sold on 30 Jan 2026 for $1,275,000

198/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 132m2
Land area: 912m2
Save

Property Details for 198/251 Varsity Pde, Varsity Lakes

198/251 Varsity Pde, Varsity Lakes is a 4 bedroom, 2 bathroom Townhouse 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 sold in January 2026. There are other 4 bedroom Townhouse sold in Varsity Lakes in the last 12 months.

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

Last Listing description (April 2026)

Welcome to 198/251 Varsity Pde, Varsity Lakes. What an excellent opportunity to secure a prime waterfront sub penthouse in the heart of Varsity Lakes with North-Easterly aspect. Situated in one of the Gold Coasts premier complexes, this property has all of the boxes ticked. Boasting 4 bedrooms, 2 bathrooms plus powder room, 2 car spaces and storage cage and large entertainers balcony overlooking the water. Great for entertaining with generous outdoor dining and patio area. Features: Master bedroom with en-suite & WIR Two further large bedrooms with BIR's and both en-suited Fourth bedroom or perfect sized office/study downstairs Two bathrooms in total + separate powder room (guest toilet) Modern open plan kitchen with granite bench tops and quality appliances Open plan living and dining area flowing directly to your outdoor entertaining area Large balcony which has fantastic water views and Burleigh skyline views Ducted & new split system air conditioning Two car space accommodation Generous sized storage cage Freshly painted throughout Brand new carpets throughout The complex 5 star facilities include: Lagoon style pool with sandy beach access BBQ areas for convenience Common kitchen facilities for use around the pool Infra-red sauna Gymnasiums x 2 (Weights & Cardio) Library Spa pools Cinema room Security Complex Waterfront location Only 50m to world renowned Bond University Professional on site management team Minutes to world renowned beaches Walking distance to restaurant precinct and public transport Varsity College just about at your door step Currently vacant and ready to be occupied Inspections are by appointment and highly recommended. Approximate outgoings. Current council rates: $1,200.00 per 6 months approximatelyCurrent Water rates: $400.00 per quarter approximatelyBody Corp weekly fees: $173 per week approximatelyRental appraisal: $1,200.00 per week approximatelyThis is currently vacant and ready to be moved into. This is a walk up building with NO lift access. Parking is tandem spaces with storage cage behind. Contact Daryn on 0410 665 902Advertising Disclaimer: We have prepared this information to the best of our knowledge 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 or inaccuracies that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Property History for 198/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$1,275,000
30 Jan 2026
  • 30 Jan 2026
    Sold for $1,275,000
  • 19 Nov 2025
    Listed for Sale Offers above $1.25m
  • 11 Jun 2025
    Sold for $1,110,000
Sign in to see more transactions
Commute Calculator

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 85.58% increase in median value, while Units have seen a 102.91% increase. As at 31 March 2026:

  • The median value for Houses in Varsity Lakes is $1,404,419 while the median value for Units is $979,638.
  • Houses have a median rent of $950 while Units have a median rent of $800.
There are currently 40 properties listed for sale, and 22 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 424 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

Market Insights
Varsity Lakes Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Varsity Lakes Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Contact agency
agent headshot
Show contact details
RE/MAX REGENCY
Preferred contact:
Cotality Copyright and Legal Disclaimers about Property Data
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.