402/29-49 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
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402/29-49 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 54m2
Land area: 104m2
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Last updated 9 Feb 2026
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Property Details for 402/29-49 Varsity Pde, Varsity Lakes

402/29-49 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2017. The property has a land size of 104m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in May 2024.

Building Type
Townhouse
Year Built
2017
Floor Size
54m2
Land Size
104m2
Local Government
Gold Coast City
Lot/Plan
402/SP260585

Last Listing description (July 2024)

Spacious apartment within Edgewater Residences complex on the north side of Lake Orr. The apartment is walking distance to the Lake Orr walking track, numerous parks, public transport, Aldi shopping centre the Varsity Lakes sport house and boat shed and the popular Varsity College Primary and Secondary campus which is Australia's second largest school.Within a longer walk, or a short drive is Bond University, Market Square, Robina Town Center and Varsity Lakes railway station.
The largest backyard within the complex, ideal for residents with a pet. The current resident has done some landscaping to make the backyard a pleasant place to relax and enjoy the greenery.The facilities within Edgewater Residences are exceptional, with beautiful gardens, a large Gym, BBQ area, 20 metre lap pool, and table tennis games room.
Fiber to the home broadband internet is also available via Open networks retailers with speeds up to 200mb/s download available.

There is high demand in this area for rentals, which is why the property is suited to an investor. But don't let that stop you from inquiring if you are looking for a comfortable apartment to live in yourself.

If you are an investor, please contact the on site managers for a current rental appraisal.
Relevant figures:
- Body Corporate levies around $95 per week on average with levies issued three times per year.
- Council rates every 6 months, approximately $2,000 per year
- Current Lease is until 02/06/2024
- Market rate rent is around $750 per week.
You can contact the on-site managers at Edgewater Residences Shaun and Amy if you are interested in viewing the apartment.
Please note, when attending open home inspections at Edgewater, dial 99 bell at the main gate intercom and meet at the onsite office next to the pool area. Visitor parking is available within the complex.

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Property History for 402/29-49 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$710,000
30 May 2024
Listed for Rent
$430/w
07 Nov 2018
  • 30 May 2024
    Sold for $710,000
  • 19 Apr 2024
    Listed for Sale Contact Agent
  • 05 Jul 2018
    Listed for Rent $430 / 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 8,110 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 97.92% increase in median value, while Units have seen a 98.70% increase. As at 31 January 2026:

  • The median value for Houses in Varsity Lakes is $1,372,316 while the median value for Units is $940,587.
  • Houses have a median rent of $875 while Units have a median rent of $810.
There are currently 30 properties listed for sale, and 29 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 399 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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