43/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
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43/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 141m2
Land area: 1875m2
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Property Details for 43/251 Varsity Pde, Varsity Lakes

43/251 Varsity Pde, Varsity Lakes is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2004. The property has a land size of 1875m2 and floor size of 141m2. While the property is not currently for sale or for rent, it was last sold in February 2008.

Building Type
Unit
Year Built
2004
Floor Size
141m2
Land Size
1875m2
Local Government
Gold Coast City
Lot/Plan
43/SP151074

Last Listing description (April 2022)

Outdoor living is what it's all about here on the Gold Coast and this top floor sub penthouse won't disappoint. This sub penthouse apartment in the sought after "Reserve" complex offers easy lifted access, flexible living spaces and outdoor covered patio that gives you the control to keep your space private and protected from the elements. The automated blinds enclosing the patio ensures you can keep entertaining friends no matter the weather outside.

This dual-level top floor apartment is beautifully presented and is waiting for its new owner to call it home and it won't last long. The floor to ceiling glass draws in plenty of natural light and salty Lake Orr breezes and lofted ceilings really conveys a sense of space. Just recently renovated with painting, flooring, blinds, and new lighting you may also consider the option to buy all of the furniture.

The Sub-Penthouse
* 3 bedrooms with built in wardrobes
* Floor to ceiling windows
* 2.5 bathrooms
* 2 car parks with adjacent storage cage
* Water feature
* Large balcony 4m x 7m
* Undercover patio 3.4 x 4.0 with electric retractable blinds
* Ducted air-conditioning throughout
* Granite kitchen tops | Large island
* Lift access
* New blinds
* New timber flooring
* New paint
* New stylish pendant lighting
* Plush carpets

The Reserve Facilities
* 47 metre lagoon pool with sandy beach
* Two BBQ areas + tables and chairs
* Two fully equipped gymnasiums
* Steam room & plunge pool
* In-ground spa
* Private theatre room for 10 people
* Fully stocked library
* Well maintained gardens
* Private and exclusive lakeside boardwalk around Lake Orr
* Lakeside and poolside Bali Huts

Central Varsity Highlights:
* Loads of Community Events such as "Winterfest" and street festivals
* Live Music and Trivia Nights
* Walking Distance to every shop and cafe in a 200 metre radius
* Achtung! Authentic German Bakery right at your doorstep
* Comfort Coffee & Donuts from D point 10
* The Rusty Barrel Tapas Bar and Whisky- Yum! Live Music Saturday and Sunday
* Bottoms up! The Lake Brewhouse fantastic lakeside position
* CBD hotel- Have a punt and a meal.
* IGA Convenience- Fantastic for essentials just 150 metres away!
* Varsity College- 250 metres away
* Lakeside walks are waiting for you, kilometres of walking tracks
* Bond University- have a son or daughter? This could be the one!

Outgoings:
Body Corp: $136 per week (approx)
Council Rates: $1000 (6 monthly)
Water Rates: $400 per quarter

Income:
Rental estimate $900 to $950 per week

Note: Distances and prices are approximates

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Property History for 43/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$550,000
01 Feb 2008
Listed for Rent
$750/w
16 Jan 2017
  • 17 Feb 2022
    Listed for Sale Expressions Of Interest
  • 06 Dec 2016
    Listed for Rent - Price not available
  • 29 Jan 2012
    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 8,094 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 35 properties listed for sale, and 29 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 396 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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