8/2 Geraldton Dr, Varsity Lakes is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2002. The property has a land size of 1383m2 and floor size of 167m2. While the property is not currently for sale or for rent, it was last sold in January 2022.
A Tropical hideaway awaits you...Imagine direct access to a clear, refreshing, and inviting saltwater pool that's an ideal space to enjoy family BBQs or celebrate your special occasion. Varsity Manor is more than you will expect from villa living. Come and discover why the friendly owners love to call this place home or get active with the proactive committee and enjoy social events such as the annual Christmas street party and get togethers...this is more than just a Villa, it's a lifestyle for you to love.
Generous Living Spaces
* 3 bedrooms
Outstanding Features
* Common room available for hire
* Tropical setting
* New shade sails over pool area planned
* New pool fencing and furniture
* Community herb garden
* Quarterly newsletter
* Annual Christmas street party
* Experienced onsite management
* Private courtyard access
* Security gate and front door security screens
* Pet approved with doggie door
* 17 visitor parks
Location Highlights
Distances
* Lake Orr 500 metres or 4 min walk
* Bond University 1km or 10 min walk
* Varsity College (High school) 800 metres or 10 min walk
* Varsity Primary 3.1km or 5 min drive
* Varsity CBD & Convenience Stores
* CBD Hotel, Blackboard Caf, German Bakery, Parisian Caf, IGA, and bottle shop 1km or 12 min walk
* Burleigh Heads Beach 7.5km or 10 min drive
* Nobby's Beach 6.5km or 10min drive
* Link to M1 6 km or 8 min drive
* Brisbane 86 km or 1-hour drive
Income
* Expected Rental Income $680 to $720 per week
Outgoings
* Body Corporate $95 per week approx
* Council Rates 6 months $613 approx
* Quarterly Water Rates $340 approx
Expressions of Interest by 31st Jan
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 8,112 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 89.77% increase in median value, while Units have seen a 102.81% increase. As at 28 February 2026:
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