Back 17/228 Varsity Parade
Off Market

17/228 Varsity Parade

Varsity Lakes QLD 4227

1
1
1
71 m²
Apartment
Last sold for $537,500
Robyn WigmoreRobyn Wigmore, last sold this property on 14 April 2025 after 12 days on market.

Overview

INVESTOR OR FIRST-HOME GEM IN THE HEART OF VARSITY!

Welcome to an exceptional opportunity in one of Varsity Lakes' most sought-after complexes. Whether you're a savvy investor, a first-home buyer, or a parent looking to secure a home for your Bond University student, this immaculate apartment offers the perfect blend of lifestyle, location, and long-term potential. This stylish one-bedroom, one-bathroom apartment with secure underground parking offers the ultimate low-maintenance lifestyle or investment opportunity. Set within the sought-after Chancellor Executive Apartments, you'll enjoy access to impressive resort-style facilities including a sparkling pool, fully equipped gym, BBQ area and on-site management—right in the heart of vibrant Varsity Lakes. Currently owner-occupied, the seller has absolutely loved living in this vibrant, central location. With everything on their doorstep, it's been a dream lifestyle. However, with changing circumstances, it's now time to pass this much-loved apartment on to someone new. PROPERTY HIGHLIGHTS - Spacious, modern apartment in a prime Varsity location - Huge master bedroom with built-in robe, room for desk etc - Open plan living flows to a private covered balcony - Tiled dining and kitchen area with quality finishes - Stone benchtops, stainless steel appliances (near new dishwasher & oven) - Bathroom with full-sized bath and European-style laundry - Reverse-cycle air conditioning (near new) for year-round comfort - Secure underground car space (best spot, close to entry door) - Situated in Building B, Level 2 – walk-up access (no lift) The apartment is on the second floor, overlooking Varsity Parade. - Previously tenanted and always in demand – ideal for those wanting to add it back into the Chancellor rental pool. - Also perfect for first-time buyers ready to secure their place in the market. - With the ongoing rental crisis on the Gold Coast, many parents are choosing to purchase an apartment like this for their grown child who's studying at Bond University. It provides a secure, stable home and eliminates the stress and uncertainty of the rental market—allowing them to focus on what matters most: their studies. CHANCELLOR EXECUTIVE APARTMENTS - Friendly onsite management - Resort-style swimming pool & sundeck - Well-equipped gym with elevated views - Communal BBQ and entertainment area - Onsite boardroom for business or study use - Reception located at 19 Lake Street - Not pet friendly apart from service dogs LOCATION, LOCATION, LOCATION! - Enjoy unbeatable access to education, dining, transport & recreation - Varsity College Secondary Campus – 350m walk - Bond University – 3 mins (1.2km) - IGA, cafes & restaurants – 2–5 mins walk - Varsity Lakes Day Hospital – 3 mins drive - Varsity Lakes Train Station – 6 mins drive (direct to Brisbane) - Robina Town Centre – 6 mins drive - Gold Coast Airport – 21 mins drive - Lake Orr walking trails, Central Park & basketball courts nearby FACTS & FIGURES - Gold Coast City Council Rates; approx. $1,088 per 6 months - GC Water Rates; Approx. $350-400 per 3 months (shared water) - Body Corporate Levies; approx. $130 per week - Rental Appraisal; approx. $550 - 600 per week If you're looking for a smart investment or a comfortable home base in a vibrant lifestyle location, this is the Welcome Change you've been searching for. Contact us today for more information - we'd love to help you take the next step. Disclaimer: While care has been taken in the preparation of this information, the particulars are set out as a general guide only. All plans and models are illustrative only. All interested parties should make their own enquiries. This is representative as a guide only and does not constitute an offer of a contract. Everyone who visits our open homes will need to check in through our Welcome Change Realty QR code. Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
71 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Varsity Lakes over the last 12 months, the estimated median property value of 17/228 Varsity Parade is $677k.

Median value
$677k
Estimated value range
$67.25k - $775k
Median days on market
24
Estimated value trend
29%
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 17/228 Varsity Parade

2025
Sold
$537,500
14 Apr 2025 by Robyn Wigmore, of Welcome Change Realty
2018
Sold
$257,000
Private Sale/Treaty on 24 Jan 2018 by Kevin Brown, of RE/MAX Property Centre

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 1 bedroom apartments in Varsity Lakes

In the last 12 months, 24 one-bedroom apartments similar to 17/228 Varsity Parade, have been sold.

This represents a 242% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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