55 South Bay DriveVarsity Lakes QLD 4227
Property Details for 55 South Bay Dr, Varsity Lakes
55 South Bay Dr, Varsity Lakes is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 2011. The property has a land size of 266m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (June 2022)
Those looking to supersize their living options or business plans look no further! This corner allotment on 266sqm will really work well for someone that wants a second income stream and capitalise on its position by offering you a separate "pad" and extra carport to park an additional vehicle or aid with storage (with some modification to fence). The pad and your business will be completely private from the main dwelling!
Imagine over $1000 per week in rent with an extremely low body corporate levy of just $20+ for building insurance.
This adaptable home lends itself as an "entertainer" and is ideally suited for multiple family and friends to gather, have a meal and relax on the many alfresco patio areas on offer. For those busy families with adult children, this is your opportunity to get that well deserved privacy and to reconnect. You won't even have to see them! Within a short walk you have endless paths adjacent to Lake Orr, over to Aldi or for school aged parents who need to be in the school catchment, Varsity College Primary is across the road, with secondary school and Bond University all within 4km.
For savvy investors, rent the back "pad"out as it is a fully self-contained unit for up to $400 per week or both homes for $1050 per week. The cleverly configured pad is ready to go with a separate electrical meter installed so you can share the costs accurately.
Dual Living | Dual Access
3 bedrooms (2 Main house, 1 bedroom Pad)
306sqm of living space
Freshly painted inside and out
3 Entertainment decks/ patio
The Pad
This chic "mini home" is fully self contained and could be your residence or private office with full kitchen, bathroom, air conditioned, fan with easy clean and hardy vinyl plank floors.
Pad Features
Chic design and with function
New Hardi plank decking (pad)
Undercover Parking option
Secure and Private gate access
Electricity can be split
Walk to everything
Outstanding offerings
Two Electricity Meters- One bill or split it
Parking for up to 3 vehicles - access from Jurien Crs
Multi functional space is covered for car, storage or business use
Generous courtyard & decks
Air Conditioned throughout (4 individual reverse cycle units)
Fans in each room
Downstairs laundry and powder room
5000 Litre water tank
Efficient Solar Hot Water
Home Office Approved
Business signage approved
High speed data hub
Private Client Access
Income Projections
Complete Home $850 to $900
or separately Main House $750
Self Contained Pad $400
*Prices are based on relevant rentals in South Bay
Outgoings
Water $359.25
Rates $1019.17
The Location
Varsity College Primary 50 Metres
Varsity College Secondary 1.2km walk
Bus Stop 20 Metres
Varsity Train Station 1.7km
Varsity College Secondary 1.2km walk
Aldi and Cafe 250 Metres
Lake Orr 200 Metres
Beautiful beaches less than 5km Drive
Come and inspect today!!
Property History for 55 South Bay Dr, Varsity Lakes, QLD 4227
- 17 May 2022Sold for $915,000
- 14 Apr 2022Listed for Sale Offer over $899,000+
- 20 Jul 2017Listed for Rent - Price not available
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 8,111 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 97.92% increase in median value, while Units have seen a 98.70% increase. As at 31 January 2026:
- The median value for Houses in Varsity Lakes is $1,372,316 while the median value for Units is $940,587.
- Houses have a median rent of $875 while Units have a median rent of $810.
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