40 Silvabank Drive, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
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40 Silvabank Drive
Varsity Lakes QLD 4227

Bedrooms: 5
Bathrooms: 3
Car spaces: 4
Floor area: 204m2
Land area: 969m2
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Last updated 22 Dec 2025
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Property Details for 40 Silvabank Dr, Varsity Lakes

40 Silvabank Dr, Varsity Lakes is a 5 bedroom, 3 bathroom House with 4 parking spaces and was built in 1991. The property has a land size of 969m2 and floor size of 204m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
House
Year Built
1991
Floor Size
204m2
Land Size
969m2
Local Government
Gold Coast City
Lot/Plan
34/RP812010

Last Listing description (February 2023)

Welcome to the perfect home for the large family seeking both space and privacy in central Varsity Lakes.

Offered for the first time since new and now ready for your family to create lasting memories. Positioned on a generous 969m2 level allotment with tropical pool, dual living areas and 2 master bedrooms with ensuites, this home must be seen to be fully appreciated. Situated within the prestigious Varsity College catchment and only minutes away from everything GC, this prime real estate truly epitomises the ultimate Gold Coast lifestyle.

Designed to accommodate the entire family, the spacious layout boasts two separate living rooms. Wideset windows throughout allow for plenty of natural light while also showcasing the home's tranquil, East-facing pool area. The newly updated kitchen complete with large stone benches, stainless steel appliances and plenty of storage is ideally positioned to service the dining area and patio for alfresco dining. Entertaining is easy with its large undercover area overlooking the 11m saltwater pool, all surrounded by low maintenance flora for added tranquillity and privacy.

The first master bedroom includes BIR, ensuite complete with large bathtub and full-size shower and direct access to the outdoor patio. The second master features WIR, A/C and ensuite complete with spa bath, full size shower, makeup vanity and access to the pool area. Bedrooms 3 and 4 come with BIR and fans. An extra room perfectly situated at the front of the property, ideally serves as home office or 5th bedroom. All bedrooms are serviced by the large main bathroom with bath tub, shower and separate toilet, in addition to a separate laundry room with external access for added convenience.

Additional features include large double carport, solar power, extra-large shed and gated side access for small boat or jet ski and plenty of yard space for all the family.

So close to all amenities, you are within minutes of local parks, childcare centre, Varsity College Primary and Secondary schools, Varsity Lakes train station, world-class shopping & dining at Robina Town Centre and Varsity Market Square, Robina train station and Robina Hospital. M1 motorway only 10 minutes away, or head East to Bond University in 5 mins and beautiful Burleigh Heads patrolled surf beach.

Be quick to secure this outstanding home, offering both lifestyle of convenience and security of land size.

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Property History for 40 Silvabank Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$1,265,000
26 Jul 2022
  • 26 Jul 2022
    Sold for $1,265,000
  • 18 Jun 2022
    Listed for Sale Sold
  • 23 Jul 1991
    Sold for $58,000
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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 24 properties listed for sale, and 25 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 402 properties were sold in the past 12 months in Varsity lakes.

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