87/228 Varsity ParadeVarsity Lakes QLD 4227
Property Details for 87/228 Varsity Pde, Varsity Lakes
87/228 Varsity Pde, Varsity Lakes is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 84m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in July 2024.
Last Listing description (September 2024)
SOLD
Chancellor Executive Apartments has the unbeatable location adjoining Bond University, in the heart of the Varsity Lakes shopping precinct and a short stroll to Market Square Shops and Lake Orr.
This blue-chip property is perfect for the astute investor looking for a nice rental yield and capital growth, or ideal for the first home buyer wanting to lock in a spacious 1 bedroom with a massive 71sqm internal floor area.
Property features include:
Beautifully designed one bedroom with elevated high ceilings
* Sizeable 84sqm total area
Located on Level 3 (top level)
Oversized Bedroom
Dual generous sized balconies
Modern open plan living, with the lounge integrating into the beautifully designed kitchen with stone bench tops
Reverse cycle air conditioning
Well-appointed bathroom with bathtub and integrated with laundry facilities
Well maintained Building with great amenities, Pool, Gymnasium, BBQ Facilities, Conference Room
Helpful front desk Management Team
Underground secure car park
* Chancellor Apartments Full Furniture Kit is included in the Sale
Additional highlights:
About 10 minutes drive to the Gold Coast Beaches
Walking distance to Market Square, Bond University and Lake Orr
Short Drive to Robina Town Centre Shopping Centre, CBUS Stadium, Robina Hospital and M1 Highway
Financials:
Tenant in place until 01/05/2025 @ $580pw
Potential Rent of approximately $600-$620pw
Water Rates $1,200pa. approx.
Council Rates $3,600pa. approx.
Strata Fees - Please discuss with Agent
Please contact Exclusive Selling Agent Michael Gambaro on 0450 822 001 for all details and enquiries
Disclaimer
All information (including but not limited to the property area, floor size, price, address and general property description) on the Website is provided as a convenience to you, and has been provided to South Coast Residential by third parties. In placing the information on the Website, South Coast Residential has received the information passed on from third parties. Information contained on the Website should not be relied upon and you should make your own enquiries and seek legal advice in respect of any property on the Website or the information about the property contained on the Website.
Property Code: 46
Property History for 87/228 Varsity Pde, Varsity Lakes, QLD 4227
- 15 Jul 2024Sold for $485,000
- 18 Jun 2024Listed for Sale $485,000
- 14 Nov 2016Listed for Sale $279,000 - $339,000
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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 8,095 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.
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