47/251 Varsity ParadeVarsity Lakes QLD 4227
Property Details for 47/251 Varsity Pde, Varsity Lakes
47/251 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 139m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (March 2022)
The owners of this newly renovated superb sub penthouse in The Reserve have best described the main reasons they bought this home was for the "facilities, views and overall size". Offering 3 separate living spaces in your private retreat perched over Lake Orr and with resort-like facilities you will be surprised and impressed with the freeform sandy beach pool, spa, gyms, library and even a movie theatre. With loads of natural light flooding through the stacking doors & floor to ceiling bay windows, the apartment captures views from almost every room of either the pool or Lake Orr. This functional layout will suit those looking to invest, couples looking to downsize but wanting to upsize on luxury. Don't miss this year's best apartment in The Reserve.
What's New?
* New kitchen renovation
* New vanity bowls, benchtops & tapware
* New air conditioner 7 KW will cool the entire living areas & study
* New shade sail
* New paint throughout
* New electrical switches some with USB/USB-C | sensor lights
* New on trend black door hardware and light fittings
* New sheer curtains & blackout blinds on bedroom
* New intercom system
The Sub Penthouse:
* 3 bedrooms
* 1 large study or additional bedroom
* 2.5 bathrooms
* 2 car side by side parking with adjacent storage cage
* A spacious entertainers balcony, partially covered by shade sails
* A sweeping master retreat with water views, large walk through wardrobe & ensuite
* Bright & airy with natural light and high ceilings
* Multiple living/dining areas
* Designer kitchen with plenty of storage & preparation space
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: $130 per week (approx)
Council Rates: $1000 (6 monthly)
Water Rates: $400 per quarter
Income:
Rental estimate $900 to $950 per week
Disclaimer: All distances and quoted prices are approximates
Property History for 47/251 Varsity Pde, Varsity Lakes, QLD 4227
- 07 Feb 2022Sold for $1,100,000
- 27 Jan 2022Listed for Sale Auction
- 31 Oct 2020Sold for $650,000
Recent sales nearby
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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 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.
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