5 Magenta Drive, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

5 Magenta Drive
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 133m2
Land area: 386m2
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Property Details for 5 Magenta Dr, Varsity Lakes

5 Magenta Dr, Varsity Lakes is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2002. The property has a land size of 386m2 and floor size of 133m2. While the property is not currently for sale or for rent, it was last sold in April 2020.

Building Type
House
Year Built
2002
Floor Size
133m2
Land Size
386m2
Local Government
Gold Coast City
Lot/Plan
66/SP141110

Last Listing description (August 2026)

Welcome to 5 Magenta Drive, Varsity Lakes a beautifully presented three-bedroom home offering generous living spaces, modern finishes and low-maintenance outdoor areas in a highly sought-after Varsity Lakes location.

Designed for easy everyday living, the home offers multiple spacious living zones, a modern open-plan kitchen and plenty of room for couples and families alike. Fully fenced front and rear yards provide excellent privacy, while the newly completed rear decking creates a great space to relax, entertain or enjoy the outdoors without the upkeep.

Modern and renovated throughout, this is a home where you can simply move in and enjoy.

Property Features

* Three spacious bedrooms
* Two modern bathrooms
* Separate powder room
* Separate internal laundry
* Modern, spacious kitchen with island bench and excellent storage
* Open-plan dining and living area flowing from the kitchen
* Separate, generously sized second living room
* Air conditioning for year-round comfort
* Modern and renovated throughout
* Double garage with epoxy flooring
* Private, fully fenced front yard
* Fully fenced rear yard
* New outdoor decking
* Low-maintenance gardens and grounds
* Plenty of space without the upkeep of a large property

Location

Positioned in the heart of Varsity Lakes, 5 Magenta Drive offers the convenience and lifestyle the area is known for.

Families will appreciate being within the sought-after Varsity College school catchment, while the home's central location provides easy access to local parks, walking paths, shops, cafs and everyday amenities.

Robina Town Centre, Bond University, Varsity Lakes train station and major transport links are all within easy reach, while the beaches, dining and lifestyle of Burleigh Heads are only a short drive away.

Offering space, privacy and modern low-maintenance living in a fantastic location, this home is an excellent opportunity for those wanting to enjoy everything Varsity Lakes has to offer.

Important Information
How to Apply
Applications can be submitted via 2Apply. Application codes will be provided after attending an inspection.

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Disclaimer
Harcourts Property Hub has taken every care in preparing this information; however, all details are provided as a guide only and are subject to change without notice. Prospective tenants should rely on their own inspection and enquiries.

Property History for 5 Magenta Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$515,000
15 Apr 2020
Listed for Rent
$450/w
08 Sep 2016
  • 28 Jul 2026
    Listed for Rent $1,200 / week
  • 15 Apr 2020
    Sold for $515,000
  • 03 Apr 2020
    Listed for Sale Contact Agent
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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 8,118 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 70.17% increase in median value, while Units have seen a 92.69% increase. As at 31 July 2026:

  • The median value for Houses in Varsity Lakes is $1,419,081 while the median value for Units is $997,662.
  • Houses have a median rent of $970 while Units have a median rent of $825.
There are currently 70 properties listed for sale, and 32 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 416 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.