52/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

52/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 177m2
Land area: 1875m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 19 Jan 2026
Low

High
Save

Property Details for 52/251 Varsity Pde, Varsity Lakes

52/251 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 177m2. While the property is not currently for sale or for rent, it was last sold in May 2024.

Building Type
Unit
Year Built
2003
Floor Size
177m2
Land Size
1875m2
Local Government
Gold Coast City
Lot/Plan
52/SP151074

Last Listing description (October 2024)

*** Video Walk Through on Facebook - Varsity Lakes Property Group ***

Nestled gracefully along the edge of Lake Orr, this home at 52/251 Varsity Parade, Varsity Lakes, proudly presented by Mitch Harrop, promises a serene living experience. Situated within The Reserve, a striking complex radiating resort-style charm, this residence provides the added convenience of a lift up to the home, immediate access to shops, schools, and the scenic Lake Orr boardwalks.

Prepare to be captivated by the expansive layout with a large conversion, lofty ceilings, and the ample infusion of sunlight that bathes every space. This home, boasting an open plan, elevated outlook, and a well thought out floorplan, is poised to make a lasting impression.

Embrace a fresh chapter of your life in this splendid home. This apartment is ready to exceed your anticipations with its coveted amenities and unbeatable location. Seize the opportunity to make it yours and indulge in the pinnacle of resort-style existence.

Boasting Home Features Include:

* Enjoying an east facing, elevated position, featuring a dual-level layout accessible with lift access
* Soaring high ceilings, huge windows and stunning floorboards enhance the abundance of natural light that fills the home
* Recently updated extending the living area to include a second sitting area and formal dining
* Indoors effortlessly blend with the outdoors, offering a seamless transition between living spaces
* Spacious balcony offering picturesque views extending towards Lake Orr and Burleigh Heads
* Modern kitchen boasting ample space, equipped with quality appliances and stone benchtops
* Generous master bedroom, featuring a quadruple wardrobe, ensuite, and scenic water views
* Upstairs, two additional bedrooms offer built-in robes and ceiling fans
* Downstairs, a separate laundry, powder room and office space provide added convenience
* Enjoy comfort throughout the home with ducted air-conditioning upstairs and split systems downstairs
* Fully enclosed two car garage and a large lock-up storage cage

Council Rates: Approx. $920 bi-annually
Water Rates: Approx. $400 per quarter
Body Corporate: Approx. $200 per week
Rental Appraisal: $1,100 - $1,200 per week

Boasting 'The Reserve' Complex Features Include:

* 47-meter lagoon pool with sandy beach and plunge pool
* Private waterfront pavilion and lakeside walking paths
* Heated spa and fully equipped gymnasium
* Library, steam room and games room
* Communal kitchenette, barbecue facilities
* Gated security, double garage, and visitor parking
* Onsite management and office

Boasting Location Features Include:

* Gorgeous lakeside boardwalks right at your front door
* Walking distance to Varsity College and Bond University
* Short stroll to the boutique Varsity Lakes CBD
* Stone's throw to restaurants, cafes, chemists and post office
* Close by is Kings, All Saints, Hillcrest and Gold Coast Christian College
* Short drive to Burleigh Heads and the world-renowned Gold Coast beaches

Contact your local agent, Mitch Harrop, for more information today!

Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
* denotes approximate measurements.

Property History for 52/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$1,200,000
23 May 2024
Listed for Rent
$750/w
07 Aug 2019
  • 18 Oct 2024
    Listed for Sale Offers over $1,189,000
  • 23 May 2024
    Sold for $1,200,000
  • 15 May 2024
    Listed for Sale Offers over $1,189,000
Sign in to see more transactions
Commute Calculator

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.
There are currently 35 properties listed for sale, and 29 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 396 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

Market Insights
Varsity Lakes Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Varsity Lakes Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.