63/228 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

63/228 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 59m2
Land area: 66m2
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Property Details for 63/228 Varsity Pde, Varsity Lakes

63/228 Varsity Pde, Varsity Lakes is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2007. The property has a land size of 66m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in October 2016.

Building Type
Unit
Year Built
2007
Floor Size
59m2
Land Size
66m2
Local Government
Gold Coast City
Lot/Plan
240/SP182411

Last Listing description (May 2026)

Currently rented for $610 per week until June 2027 and positioned in one of the Gold Coast’s most tightly held and high-demand rental pockets, this fully furnished one-bedroom apartment within the highly regarded Chancellor Executive Apartments presents an exceptional opportunity for savvy investors seeking strong, reliable returns with low body corp. Set just moments from Bond University, this property enjoys consistent year-round demand from students, professionals, and corporate or holiday guests alike. Whether you’re looking to expand your portfolio or secure a low-maintenance, income-generating asset, this versatile apartment ticks every box. Step inside to discover a thoughtfully designed layout that combines comfort, functionality, and modern style. The generous bedroom is complemented by a walk-in robe, while the sleek bathroom showcases quality stone finishes. A contemporary kitchen fitted with stainless steel appliances flows seamlessly into the living space, enhanced by air conditioning for year-round comfort. Offered fully furnished, this is a true turnkey investment—ready to generate income from day one. Residents and guests enjoy access to an impressive suite of resort-style amenities, including a sparkling swimming pool, fully equipped gym, BBQ entertaining area, and a sophisticated executive foyer—creating an appealing lifestyle that keeps occupancy rates high. Currently rented for $610 per week until June 2027.Property Features• Spacious bedroom with walk-in robe • Stylish bathroom with premium stone finishes • Air-conditioned for comfort in every season • Modern kitchen with quality stainless steel appliances • Private internal laundry • Fully furnished for immediate rental return • Secure car space • Lift access for added convenience Resort-Style Amenities• Swimming pool • Fully equipped gymnasium • BBQ and outdoor entertaining area • Grand executive-style foyer Prime LocationEnjoy the ultimate convenience of a central Varsity Lakes address:• Easy walk to Bond University • Walking distance to local shops, cafes, and public transport • Just minutes to Robina Town Centre • Only 10 minutes' drive to gold coast beachesInvestment Highlights• Strong rental returns of approximately $640 per week • Consistently high occupancy rates year-round • Preferred accommodation for Bond University and conference guests • Flexible rental options: long-term, short-term, or personal use between stays • Long-term tenant currently in place (lease until June 2027) • Low-maintenance asset in a blue-chip rental location • Approx Body Corp per week $140This is a rare opportunity to secure a high-performing investment in one of the Gold Coast’s most sought-after precincts. With strong demand, excellent returns, and lifestyle appeal, this property offers both immediate income and long-term growth potential.Disclaimer In preparing this information, REMAX Regency has used its best endeavours to ensure the information is true and accurate. We accept no responsibility for any errors, omissions, or misstatements. Prospective buyers should make their own enquiries to verify all details.

Property History for 63/228 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$260,000
14 Oct 2016
  • 22 Apr 2026
    Listed for Sale Offers over $599,000
  • 14 Oct 2016
    Sold for $260,000
  • 12 Aug 2016
    Listed for Sale $269,000
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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 8,107 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 85.34% increase in median value, while Units have seen a 105.15% increase. As at 30 April 2026:

  • The median value for Houses in Varsity Lakes is $1,413,430 while the median value for Units is $1,010,799.
  • Houses have a median rent of $950 while Units have a median rent of $800.
There are currently 46 properties listed for sale, and 22 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 427 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.