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Back 109/29 Varsity Parade
Off Market

109/29 Varsity Parade

Varsity Lakes QLD 4227

2
2
2
126 m²
Apartment
Amy QinAmy Qin, last sold this property on 24 May 2023 after 61 days on market.

Overview

Two bedroom apartment within Edgewater Residences

Spacious apartment within Edgewater Residences complex on the north side of Lake Orr. The apartment is walking distance to the Lake Orr walking track, numerous parks, public transport, Aldi shopping centre the Varsity Lakes sport house and boat shed and the popular Varsity College Primary and Secondary campus which is Australia's second largest school. The largest layout of apartments in the complex and features two balconies, one on the north side and one on the south side for maximum ventilation. Within a longer walk, or a short drive is Bond University, Market Square, Robina Town Center and Varsity Lakes railway station. There is high demand in this area for rentals, which is why the property is suited to an investor. But don't let that stop you from enquiring if you are looking for a comfortable apartment to live in yourself. The facilities within Edgewater Residences are exceptional, with beautiful gardens, a large Gym, BBQ area, 20 meter lap pool, and table tennis games room. Fibre to the home broadband internet is also available via Openetworks retailers with speeds up to 200mb/s download available. If you are an investor, please contact the on site managers for a current rental appraisal. The property is currently rented with tenants due to vacate within the next month. Relevant figures: - Body Corporate levies - $80-$85 per week on average with levies issued three times per year. - Council rates every 6 months, approximately $2,000 per year - Property will vacating 9th April 2023, and new rent will be $700 to $750 per week. You can contact the on-site managers at Edgewater Residences Shaun and Amy if you are interested in viewing the apartment.

Features

2 bedrooms
2 bathrooms
2 carspaces
2 carport spaces
126 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Varsity Lakes over the last 12 months, the estimated median property value of 109/29 Varsity Parade is $840k.

Median value
$840k
Estimated value range
$723k - $1.18m
Median days on market
22
Estimated value trend
15%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Varsity Lakes. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 109/29 Varsity Parade

2023
Sold
Undisclosed
Private Sale/Treaty on 24 May 2023 by Amy Qin, of Custom Realty Group

Happy sellers in Varsity Lakes

93%
93% of sellers in Varsity Lakes reported that their sale price either exceeded or met their price expectations.

Varsity Lakes stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 97 reviews in Varsity Lakes over the last 12 months.

Local market activity for 2 bedroom apartments in Varsity Lakes

In the last 12 months, 58 two-bedroom apartments similar to 109/29 Varsity Parade, have been sold.

This represents a 29% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Varsity Lakes

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Mitch Harrop

Sellers who recommend Mitch Harrop have praised them for being clear communication, local expert, responsive, great negotiation, friendly, supportive and stress-free process

  •   4.9   (229 reviews)
  •  62 Reviews in Varsity Lakes
  •  76 Sales in Varsity Lakes
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Luke Wright

Luke Wright is a recommended agent for Varsity Lakes.  They have 11 local sales and collected 8 local reviews across the last 12 months.

  •   5   (18 reviews)
  •  8 Reviews in Varsity Lakes
  •  11 Sales in Varsity Lakes
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Chris Shields

Sellers who recommend Chris Shields have praised them for being clear communication, local expert, friendly, responsive, supportive, trustworthy and dedicated

  •   4.9   (152 reviews)
  •  8 Reviews in Varsity Lakes
  •  9 Sales in Varsity Lakes
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Karyn O'Dea

Sellers who recommend Karyn O'Dea have praised them for being clear communication, local expert, responsive, friendly, honest, supportive and dedicated

  •   5   (473 reviews)
  •  7 Reviews in Varsity Lakes
  •  6 Sales in Varsity Lakes
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