41/5 Greenlands Drive, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

41/5 Greenlands Drive
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 84m2
Land area: 305m2
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Property Details for 41/5 Greenlands Dr, Varsity Lakes

41/5 Greenlands Dr, Varsity Lakes is a 2 bedroom, 1 bathroom Townhouse with 2 parking spaces and was built in 1990. The property has a land size of 305m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in April 2025.

Building Type
Townhouse
Year Built
1990
Floor Size
84m2
Land Size
305m2
Local Government
Gold Coast City
Lot/Plan
41/GTP2765

Last Listing description (September 2025)

Whether you're hunting for your first home, your next project, or a solid investment - this is the one to see!

Positioned in the ever-popular Currawong Heights complex, this single-level 2-bedroom villa is packed with potential. A little TLC will go a long way to adding serious value here.


Private, quiet, and brimming with opportunity. Renovate, rent out, or live in and enjoy the convenience of coastal living without the price tag.

With moderate body corporate fees and approval for small pets, this is a lifestyle-friendly choice in an ultra-convenient location-close to schools, shops, the M1, train station, public transport, and just a short drive to the beautiful beaches of the Gold Coast.

An excellent entry point into the market or a smart addition to your investment portfolio!

This home is crying out for someone to roll up their sleeves and make it shine. Add your own style and value over time, or simply move in and enjoy the comfort of low-maintenance living.

Opportunities like this don't last - move fast!

Boasting:
• 2 bedrooms carpeted
• Fans in both bedrooms
• Fan in tiled open plan living area
• 2 way bathroom with bath
• Separate toilet
• Separate laundry
• Security screens throughout
• Separate single garage (manual)
• Extra uncovered car space
• Lots of visitor parking in complex
• Pet friendly/child friendly, fully fenced
• Private entrance
• No neighbours to 1 side
• Vacant possession

COMPLEX OFFERS:
• Well maintained garden areas
• In ground swimming pool
• Tennis court
• Residents can obtain a key for access into Frascott Park, dog friendly areas, gym equipment, playground.
• Low body corp approx $58.63 after 15% discount
• Water meter shared $500 per quarter approx
• Pet friendly subject to body corporate approval
• Gated complex of 84 in Currawong heights estate
• Built in 1990
• Rental appraisal $720 to $790 pw

VARSITY LAKES

What's it like to live in Varsity Lakes?
Approx. 10 minutes from the beautiful beaches, cafes and bars of Burleigh sits Varsity Lakes. Originally known as Stephens, it amalgamated with Andrews and a section of Robina to form what has become one of the most popular places to live and do business on the Gold Coast. A much-loved community, it was created around the 80ha manmade Lake Orr, with families flocking to this suburb to take advantage of the exceptional education facilities, pretty parklands and extensive infrastructure.

What schools are in Varsity Lakes?
One of the most highly-sought after schools on the Gold Coast is waiting for you in this central Gold Coast suburb. Varsity College is a Prep to Year 12 facility which prides itself on a strong history of excellence within the academic, cultural, sporting and community pillars. Split across two campuses, the Varsity College Primary School engages students from Prep to Year 6 in a vibrant learning environment. The Secondary School, located on Varsity Parade, provides students with a supportive, personalized school experience. A culture of high expectation is fostered through the development of positive relationships between student, teacher, parent and community at both campuses and is why so many people choose to live in Varsity Lakes. With strict catchment policies, the best way to gain access is to reside in the government appointed boundaries.

What shops are in Varsity Lakes?
Market Square, located on Varsity Parade, is a commercial and retail hub with a village feel. Anchored on the banks of Lake Orr, all your modern conveniences await here. Home to a post office, supermarket, salons, banks, travel agencies, a large tavern, restaurants and cafes, it also offers street level and underground car parking. At 221 Christine Ave you'll find the Christine Corner complex. Along with fast food outlets, convenience stores, bakeries, beauty salons, betting agencies, bottle shops and medical centres, it's home to a newsagent, petrol station, restaurants and a vet.

What major medical amenities are in Varsity Lakes?
Located at 2 Lake Street, Varsity Lakes Day Hospital provides efficient and caring public day surgery services for the Gold Coast and wider community.

What parks are in Varsity Lakes?
A plethora of parks await across Varsity Lakes, with locals of all ages enjoying the greenery on offer. A firm favourite is Frascott Park, found at 23a Yodelay St. Rejuvenated in 2019, it presents with two playgrounds, a dog park, open fields and a pathway perfect for biking. Keen to work out for free? Head to Varsity Central Park where you'll find the largest outdoor gym on the Gold Coast. With 17 workout stations, hopscotch, a handball court, half-basketball court and a 350-metre pathway surrounding the grassed area, the facility caters for all fitness levels and is the perfect spot for that next outdoor workout.

What major sporting amenities are in Varsity Lakes?
Sports House at Varsity Lakes is a $4.5m state-of-the-art community, sports and recreational facility. Located on the southern shores of Lake Orr, it features a strong focus on water based sports. This includes the Boat Shed with launching and storage facilities for watercraft. Sports House also offers fitness and recreation programs, community meeting rooms and commercial office space for sports organizations.

What public transport is in Varsity Lakes?
Varsity Lakes is well equipped with public transport. Along with regular buses that service the region, connecting to all parts of the Gold Coast, it's also home to the Varsity Lakes Train Station. Head to translink.com.au to plan your journey.

Disclaimer: We have in preparing this information used our best endeavors to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective vendors, purchasers & tenants should make their own enquiries to verify the information contained herein.

Property History for 41/5 Greenlands Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$720,000
15 Apr 2025
  • 15 Apr 2025
    Sold for $720,000
  • 10 Apr 2025
    Listed for Sale BEST OFFERS, DECEASED ESTATE!
  • 30 Oct 2006
    Sold for $250,000
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About Varsity Lakes 4227

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 8,106 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 85.34% increase in median value, while Units have seen a 105.15% increase. As at 30 April 2026:

  • The median value for Houses in Varsity Lakes is $1,413,430 while the median value for Units is $1,010,799.
  • Houses have a median rent of $950 while Units have a median rent of $800.
There are currently 53 properties listed for sale, and 23 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 419 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.