2/8 Gainsborough Dr, Varsity Lakes is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 1997. The property has a land size of 131m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
This desirable duplex has been tastefully updated, the light filled interior is warm and welcoming and the opportunity to get into the market is now here. Consisting of spacious main living, dining and kitchen, three bedrooms, 2 bathrooms and great yard for the kids and pets. This property has been recently updated, tiled throughout with carpet in 2 bedrooms. This is an opportunity for the first home buyers, investors, retirees or young family.Features:Updated kitchen with granite benches, stainless steel appliances, large pantry & dishwasherMaster bedroom with ensuite & BIR'sTwo further bedrooms with BIR'sMain bathroom with bath & showerTiled open planned living areasOutdoor entertaining area adjacent to the kitchenAir conditioningFans throughoutSeparate laundrySingle Lock Up GarageRoom for the boat or caravan with concrete padSecure backyard ideal for children and pets.Low maintenance gardensGarden shedNo Body Corporate FeesJoint Insurance $1,700.00 per year combinedRates approx. $850.00 per 6 monthsWater approx $350.00 per quarterTenanted through until 30th April, 2022. The tenants are actively looking to purchase and may leave prior to their lease expiring if they secure a property to buy. Currently rented at $350 per week which is below standard rent.Rental appraisal is $650 - $680 pper week.This is a great area close to Frascott park, schools, transport, shopping and less than 5km's to Burleigh Beach. Family friendly neighbourhood.
The size of Varsity Lakes is approximately 5.9 square kilometres. There are 23 parks, covering nearly 10.6% of the 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 20-29 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 8,107 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 77.66% increase in median value, while Units have seen a 101.59% increase. As at 31 May 2026:
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