5/2 Palma CrescentVarsity Lakes QLD 4227
Property Details for 5/2 Palma Cres, Varsity Lakes
5/2 Palma Cres, Varsity Lakes is a 3 bedroom, 3 bathroom Townhouse with 2 parking spaces and was built in 2006. The property has a land size of 441m2. While the property is not currently for sale or for rent, it was last sold in January 2020.
Last Listing description (March 2023)
SPACIOUS TOWNHOUSE IN PRIME POSITION.
This spacious townhouse is one of only six and sits in a prime position in Varsity Lakes. Within the catchment and close proximity to both Varsity Primary and High Schools. The property itself has two spacious bedrooms with the study set up at a third bedroom. There are three bathrooms and a generous open plan living and dining combination which leads out to an outdoor balcony. Currently tenanted to great tenants until April 2020 at $460 per week.
Features
2 spacious bedrooms
study / 3rd bedroom
3 bathrooms
double lock up garage
gourmet kitchen
open plan living and dining
2 balconies
air conditioning
stainless steel appliances
Varsity Train Station, Robina Town Centre and some of the Gold Coasts best beaches are all withing close proximity. Inspections are highly recommended.
Property History for 5/2 Palma Cres, Varsity Lakes, QLD 4227
- 13 Jan 2020Sold for $455,000
- 13 Dec 2019Listed for Sale Offers Above $449,000
- 23 Mar 2018Listed for Rent $460 / 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 8,109 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.
Suburb Insights for Varsity Lakes 4227
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