20/255 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
OFF MARKET

20/255 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 110m2
Land area: 2408m2
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Property Details for 20/255 Varsity Pde, Varsity Lakes

20/255 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1991. The property has a land size of 2408m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in June 2021.

Building Type
Unit
Year Built
1991
Floor Size
110m2
Land Size
2408m2
Local Government
Gold Coast City
Lot/Plan
20/SP164872

Last Listing description (July 2021)

Expressions of Interest - Closing Monday 14th June 2021

Whether you are looking for something to live in or an investment property, this could be the one for you! The Cape is regarded as the premier lifestyle apartment complex that's right in the heart of Varsity Lakes, and just a short stroll to Bond University, blackboard cafe, the CBD hotel, and a variety of modern dining options. Poised to capture stunning Lake Orr views, take a walk along the lakeside boardwalk that meanders its way around the lake's perimeter. The apartment is positioned to capture the beautiful vistas of Lake Orr and the summer breezes, this property will not disappoint.

Open plan living, dining and kitchen looking directly out to the balcony, stacking doors create an incredible space that merges the indoor and outdoor living areas. The master bedroom has an incredible walk-through wardrobe with an ensuite. Both bedrooms have views of the lake with floor-to-ceiling windows framing a stunning panoramic view of the lake.

FEATURES:

- 2 Bedrooms
- 2 Bathrooms, one with a bathtub
- Open plan air-conditioned living area with water views
- Modern kitchen with stone benchtops and dishwasher
- 2 Secure undercover car parks
- 1 Storage cage in car park on title
- Expansive covered balconies
- Air Conditioned
- Absolute stunning lake views from your private balcony
- Lockable storage cage behind car parks
- Swimming Pool
- BBQ
- Gymnasium

Returns:

Rental returns in Varsity Lakes offer investors some of the best returns on the Gold Coast. The Cape Apartments goes that one step further and with vacancy rates as low as 0.2% on the Gold Coast expect huge demand for this apartment. Management has just rented this apartment for $580 per week.

Outgoings:

Body Corp $129 per week approx.
Council Rates $981 every 6 months approx.
Water $330 per quarter approx.

Varsity Lakes - Local Area Features:

- Varsity School Catchment zone
- Located behind Bond University
- 1 minutes walk to Varsity CBD
- 5 minutes drive to Robina Town Centre, Robina Hospital, Robina Station, Cbus Super Stadium, and M1
- Only a short drive to popular Gold Coast beaches
- 20kms of walkways that surround the Lakes

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Property History for 20/255 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$510,000
11 Jun 2021
Listed for Rent
$500/w
29 Mar 2011
  • 11 Jun 2021
    Sold for $510,000
  • 28 May 2021
    Listed for Sale EXPRESSIONS OF INTEREST
  • 17 Mar 2011
    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 8,096 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 33 properties listed for sale, and 29 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 395 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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