8/2 Geraldton Drive, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
 
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8/2 Geraldton Drive
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 167m2
Land area: 1383m2
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Last updated 22 Dec 2025
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Property Details for 8/2 Geraldton Dr, Varsity Lakes

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.

Building Type
Townhouse
Year Built
2002
Floor Size
167m2
Land Size
1383m2
Local Government
Gold Coast City
Lot/Plan
8/SP144219

Last Listing description (March 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

* 2.5 bathroom
* 2 car garage (high ceilings) with remote access
* Separate powder room with laundry
* Walk-in robe
* New air conditioners 6.8kw cooling all bedrooms with ceiling fans
* New LED downlights throughout
* New tiled floors inside and out
* New security screen & blinds
* Quality carpets throughout bedrooms
* Recently painted
* Westinghouse/Fisher & Paykel appliances

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

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Property History for 8/2 Geraldton Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$740,000
22 Jan 2022
  • 22 Jan 2022
    Sold for $740,000
  • 17 Jan 2022
    Listed for Sale Expressions Of Interest Closing 30th Jan 2022
  • 07 Dec 2016
    Sold for $400,000
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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 8,092 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 97.94% increase in median value, while Units have seen a 103.23% increase. As at 30 November 2025:

  • The median value for Houses in Varsity Lakes is $1,324,459 while the median value for Units is $922,789.
  • Houses have a median rent of $870 while Units have a median rent of $800.
There are currently 24 properties listed for sale, and 25 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 402 properties were sold in the past 12 months in Varsity lakes.

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© Copyright 2025. 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.

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