51/255 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
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51/255 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 110m2
Land area: 2408m2
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Last updated 26 Jan 2026
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Property Details for 51/255 Varsity Pde, Varsity Lakes

51/255 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1991. The property has a land size of 2408m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in October 2020.

Building Type
Unit
Year Built
1991
Floor Size
110m2
Land Size
2408m2
Local Government
Gold Coast City
Lot/Plan
51/SP164872

Last Listing description (December 2020)

"The Cape" is one of Varsity Lakes premier complexes. This property presents enormous opportunity. Currently tenanted at $580 per week (furnished) until the 21st of December. Spacious is size and enjoying a Northerly Aspect with views onto Bond University campus.

Features

2 spacious bedrooms

2 bathrooms
2 car spaces
gourmet kitchen
stone bench tops
stainless steel appliances
storage cage
resort style pool
gym
air conditioning

The complex is located on a waterfront position directly across the road from Bond University. Schools, shopping centres and some of the Gold Coast's best beaches are only minutes drive away. Inspection are by appointment and highly recommended.

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Property History for 51/255 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$400,000
21 Oct 2020
Listed for Rent
$530/w
14 Dec 2011
  • 21 Oct 2020
    Sold for $400,000
  • 08 Oct 2020
    Listed for Sale $399,000+
  • 22 Nov 2011
    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 8,109 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.
There are currently 30 properties listed for sale, and 27 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 392 properties were sold in the past 12 months in Varsity lakes.

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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

Disclaimer
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