2/28 Palma Crescent, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

2/28 Palma Crescent
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 3
Car spaces: 3
Floor area: 120m2
Land area: 99m2
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Property Details for 2/28 Palma Cres, Varsity Lakes

2/28 Palma Cres, Varsity Lakes is a 3 bedroom, 3 bathroom Townhouse with 3 parking spaces and was built in 2005. The property has a land size of 99m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last transferred in May 2025.

Building Type
Townhouse
Year Built
2005
Floor Size
120m2
Land Size
99m2
Local Government
Gold Coast City
Lot/Plan
2/SP182400

Last Listing description (July 2025)

Enjoy your weekends out and about rather than tending to the yard maintenance. This 2 story low maintenance property is ideally located across the road from a beautiful family park, within walking distance to the varsity train station and easy access to the M1. With major shopping prescinds and picturesque beaches only a few minutes' drive away. The location just doesn't get any better than this!

Architecturally designed, downstairs has its own bedroom and bathroom and upstairs offers another 2 bedrooms and 2 bathrooms, so everyone can have their own space. Enjoy a relaxing afternoon on your balcony taking in the hinterland views. With quality fixtures and fittings throughout this home will be a pleasure to live in.

Some of the many features include:

* Master bedroom with walk in robe and large ensuite
* 2 additional bedrooms and bathrooms, complete with showers and toilets
* Well-appointed kitchen including dishwasher and stainless steel appliances
* Open plan lounge/dining with hinterland views
* Main upstairs living with air conditioning
* Extra storge space
* Double lock up garage plus carport
* Separate laundry
* Within walking distance to Train Station
* Across the road from a family park
* Easy access to the M1

Applications welcome prior to viewing!

***Please note that this will be offered as a 6 month lease only***

Property History for 2/28 Palma Cres, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Transferred
$475,000
19 May 2025
Listed for Rent
25 Jan 2024
  • 10 Jun 2025
    Listed for Rent $775 / week
  • 19 May 2025
    Transferred for $475,000
  • 09 Jan 2024
    Listed for Rent $750 / 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 8,109 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 30 properties listed for sale, and 27 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 391 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

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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.