3/5 Assembly Drive, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
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3/5 Assembly Drive
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 118m2
Land area: 172m2
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Property Details for 3/5 Assembly Dr, Varsity Lakes

3/5 Assembly Dr, Varsity Lakes is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2003. The property has a land size of 172m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
Townhouse
Year Built
2003
Floor Size
118m2
Land Size
172m2
Local Government
Gold Coast City
Lot/Plan
3/SP158342

Last Listing description (February 2022)

Ready? Your new home awaits!

More than just a townhouse you are buying into a lifestyle here. Within a 5 min walk, you will have an array of outstanding dining experiences offering Italian, German, Thai and French cuisines. Walk your pooch to the adjacent Central Park or maybe a lakeside stroll with friends offering over 2.5km of trails and boardwalks.

"College Park" has a proven track record for financial returns and these 30 townhouses are an ideal investment so expect rental returns of $750 per week for this home. Lot 3 was just rented in December 2021 for $750 with multiple applicants.

This is a special place with a tropical pool setting and the owners have made comments on how ideally suited this home is for growing families or those looking to study at Bond University.

Highlights
* 5 min walk to CBD
* Sunny east facing large entertainment deck
* Lifestyle position
* Just 30 townhouses
* Two storey's
* East-facing
* Large outdoor entertaining deck

Features
* 3 bedrooms
* 2.5 bathrooms (2 up, powder room downstairs)
* Single garage, additional driveway parking
* Study Nook
* 2 car parking
* Private parents retreat balcony
* Walk in robe
* Ample storage
* Separate laundry
* New range hood
* Clean, tidy & ready to go
* Air Conditioned
* Vacant
* Pool
* BBQ

Distances
* Lake Orr 500 metres or 4 min walk
* Bond University 900 metres or 6 min walk
* Varsity College (High school) 300 metres or 2 min walk
* Varsity Primary 3.1km or 5 min drive
* Varsity CBD & Convenience Stores
* CBD Hotel, BlackBoard Cafe, German Bakery, Parisian Cafe, IGA and bottle shop 800 metres or 6 min walk
* Burleigh Heads Beach 6.9km or 10 min drive
* Nobby's Beach 5.8km or 8min drive
* Link to M1 7 km or 10 min drive
* Brisbane 88 km or 1-hour drive

Income
* Expected Rental Income $750 to $780 per week

Outgoings
* Body Corporate $67 per week approx
* Council Rates 6 months $871 approx
* Quarterly Water Rates $340 approx

All offers are considered prior and welcomed.

Auction 29th January, online

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Property History for 3/5 Assembly Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$760,000
29 Jan 2022
Listed for Rent
$500/w
22 Aug 2018
  • 29 Jan 2022
    Sold for $760,000
  • 22 Dec 2021
    Listed for Sale Auction
  • 14 Aug 2018
    Sold for $480,000
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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 8,092 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 97.94% increase in median value, while Units have seen a 103.23% increase. As at 30 November 2025:

  • The median value for Houses in Varsity Lakes is $1,324,459 while the median value for Units is $922,789.
  • Houses have a median rent of $870 while Units have a median rent of $800.
There are currently 25 properties listed for sale, and 25 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 403 properties were sold in the past 12 months in Varsity lakes.

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