Back 406-408/25 Lake Orr Drive
Off Market

406-408/25 Lake Orr Drive

Burleigh Waters QLD 4220

2
2
61 m²
Unit
Last sold for $315,000
Nicole CarterNicole Carter, last sold this property on 22 May 2025 after 6 days on market.

Overview

UNDER CONTRACT

This fantastic 2-bedroom, 2-bathroom apartment (presented as two separate units) is fully furnished and ideally located within walking distance to Varsity Lakes' Market Square precinct with a range of retail and hospitality offerings. The apartment presents an investor's dream with strong rental returns of $720 per week for the two apartments. Located on level four these properties have a desirable outlook of the city skyline. Apartment Features Include: • Two fully furnished units with double bed, bedside tables, couch, TV shelving unit, and study nook with desk and chair • Private balconies with leafy green surrounds • Kitchenettes with electric cooktop, rangehood and stainless steel kitchen sink • Bathroom with shower, toilet, sink and under sink cabinetry offering additional storage space • Double wardrobe with sliding doors • Split system air-conditioning • On-site management and amenities including laundry room and licensed bar • Secure building and lift access through fob • Prepaid electricity meter and access to high-speed internet • 61sqm across the two units • Body corporate of $165/week Located within the Varsity Towers building which is zoned for student accommodation only Don't miss out on the opportunity to experience everything this prime location has to offer, with Bond University, Varsity schools, and kilometres of walking and cycling tracks all within walking distance. This property offers unparalleled lifestyle and convenience. A short drive will take you to Robina Town Centre and some of the Gold Coast's finest beaches. Access to public transport, gyms, cafes, restaurants and supermarkets is all a short 5-minute walk away. Disclaimer: All information (including but not limited to the property area, floor size, price, address, and general property description) is provided as a convenience to you and has been provided to McGrath by third parties. Consequently, McGrath is unable to definitively attest to the listed information's accuracy. McGrath does not accept any liability (indirect or direct) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits arising out of or in any way connect with the use or dissemination of any information, or any error, omission, or defect present within the information as appearing on the Website. Information appearing on the Website should not be relied upon and you should attend to your own personal enquiries and seek legal advice (where required) with respect to any property on the Website. Please also note, the prices displayed on the Website are current at the time of issue but are subject to change.

Features

2 bedrooms
2 bathrooms
61 m² floor area
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Burleigh Waters over the last 12 months, the estimated median property value of 406-408/25 Lake Orr Drive is $813k.

Median value
$813k
Estimated value range
$310k - $1.1m
Median days on market
19
Estimated value trend
3%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Burleigh Waters. 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 406-408/25 Lake Orr Drive

2025
Sold
$315,000
22 May 2025 by Nicole Carter, of McGrath Surfers Paradise

Happy sellers in Burleigh Waters

88%
88% of sellers in Burleigh Waters reported that their sale price either exceeded or met their price expectations.

Burleigh Waters stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 77 reviews in Burleigh Waters over the last 12 months.

Local market activity for 2 bedroom units in Burleigh Waters

In the last 12 months, 12 two-bedroom units similar to 406-408/25 Lake Orr Drive, have been sold.

This represents a 27% increase in two-bedroom units sales when compared to the previous 12 months.

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