48/251 Varsity ParadeVarsity Lakes QLD 4227
Property Details for 48/251 Varsity Pde, Varsity Lakes
48/251 Varsity Pde, Varsity Lakes is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2003. 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 April 2024.
Last Listing description (April 2024)
Immerse yourself into what could be one of the best two storey sub penthouse in The Reserve. This is more than just an apartment , its home to be proud of and the owners have taken great care to reimagine this place to now become yours to own.
Arguably one of the best apartments in the complex, apartment forty eight has been meticulously renovated and nothing has been left to chance. All bedrooms, bathrooms and the kitchen have undergone a refresh with all new wall and floor coverings throughout.
As soon as you step inside you will firstly be greeted with spectacular views and secondly will notice the attention to detail here. From the "waterfall" stone kitchen tops, through to the crisp white shaker cabinets featuring in the gourmet kitchen, little expense has been spared.
Let's not forget the breathtaking views, perched over Lake Orr the large floor to ceiling bay windows capture plenty of light and project this throughout the home. From the outside deck you will be amazed with the amount of wildlife that meanders in and below these crystal waters so be prepared to see schools of stingrays and black swans that call Lake Orr home.
Walking distance to Bond University, CBD hotel, Blackboard Cafe and Varsity College this location is ideal for couples, retirees, investors yet big enough for families.
The facilities include a resort pool, heated spa, steam room and plunge pool, two gyms (scrap the membership), on-site management, after hours security checks, securely gated complex and intercom.
Spectacular Views
232 square meters approximately (179 sqm internal + 53 sqm external)
4 Bedrooms (3 up 2 down)
2.5 Bathrooms 2 up, powder room down)
2 Car Parking
Ducted Airconditioning upstairs, split system downstairs.
Storage Cage on title
Walk to everything Varsity Lakes has to offer and come a see why the friendly locals love to call this place home.
World class schools just a few minutes walk
Cafes, Restaurants, Post Office, Bottle Shop are all within a 5 minute walk.
Beach is just a short 15min drive
Views over Lake Orr and Tropical Pool from Dining Room
Communal Kitchen, Freeform Tropical pool, two gymnasiums, spa, sauna and plunge pool
Experienced Onsite Management Team
Income
Currently Leased for $1000 per week (till March 2024) projected future rent $1250 per week
Outgoings
Body Corp $185 per week approximately
Council Rates $2400 Annually approximately
Water $450 quarterly approximately
All offers can be made prior and taken seriously. Now is your best time to buy this Premium penthouse so call Jon Paul on 0417 438 918 to to secure your viewing.
Property History for 48/251 Varsity Pde, Varsity Lakes, QLD 4227
- 05 Apr 2024Sold for $1,227,000
- 19 Feb 2024Listed for Sale AUCTION - 21ST MARCH 2PM
- 17 Feb 2023Listed for Rent $1,000 / week
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 8,095 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.
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