Back 48/251 Varsity Parade
Off Market

48/251 Varsity Parade

Varsity Lakes QLD 4227

3
2
2
Apartment
Last sold for $1,227,000
Jon PaulJon Paul, last sold this property on 20 March 2024 after 30 days on market.

Overview

SOLD By Jon Paul

Immerse yourself into what could be one of the best two storey sub penthouse in The Reserve. This is more than just an apartment , its home to be proud of and the owners have taken great care to reimagine this place to now become yours to own. Arguably one of the best apartments in the complex, apartment forty eight has been meticulously renovated and nothing has been left to chance. All bedrooms, bathrooms and the kitchen have undergone a refresh with all new wall and floor coverings throughout. As soon as you step inside you will firstly be greeted with spectacular views and secondly will notice the attention to detail here. From the "waterfall" stone kitchen tops, through to the crisp white shaker cabinets featuring in the gourmet kitchen, little expense has been spared. The bathrooms also look incredible and the modern marble feature tile is classy and timeless, the wall mounted vanities are modern & offer excellent storage in and underneath them. The upstairs expanded mezzanine offers those an additional office space, study or a place to soak up the views. Let's not forget the breathtaking views, perched over Lake Orr the large floor to ceiling bay windows capture plenty of light and project this throughout the home. From the outside deck you will be amazed with the amount of wildlife that meanders in and below these crystal waters so be prepared to see schools of stingrays and black swans that call Lake Orr home. Walking distance to Bond University, CBD hotel, Blackboard Cafe and Varsity College this location is ideal for couples, retirees, investors yet big enough for families. The facilities include a resort pool, heated spa, steam room and plunge pool, two gyms (scrap the membership), on-site management, after hours security checks, securely gated complex and intercom. Spectacular Views • 232 square meters approximately (179 sqm internal + 53 sqm external) • 4 Bedrooms (3 up 2 down) • 2.5 Bathrooms 2 up, powder room down) • 2 Car Parking • Ducted Airconditioning upstairs, split system downstairs. • Storage Cage on title • Walk to everything Varsity Lakes has to offer and come a see why the friendly locals love to call this place home. • World class schools just a few minutes walk • Cafes, Restaurants, Post Office, Bottle Shop are all within a 5 minute walk. • Beach is just a short 15min drive • Views over Lake Orr and Tropical Pool from Dining Room • Communal Kitchen, Freeform Tropical pool, two gymnasiums, spa, sauna and plunge pool • Experienced Onsite Management Team Income • Currently Leased for $1000 per week (till March 2024) projected future rent $1250 per week Outgoings • Body Corp $185 per week approximately • Council Rates $2400 Annually approximately • Water $450 quarterly approximately All offers can be made prior and taken seriously. Now is your best time to buy this Premium penthouse so call Jon Paul on 0417 438 918 to to secure your viewing.

Features

3 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
Apartment

Estimated Value

Based on this property and similar 3 bedroom apartments sold in Varsity Lakes over the last 12 months, the estimated median property value of 48/251 Varsity Parade is $1.17m.

Median value
$1.17m
Estimated value range
$810k - $1.81m
Median days on market
41
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 48/251 Varsity Parade

2024
Sold
$1,227,000
20 Mar 2024 by Jon Paul, of Ray White Robina
2023
Rented
Undisclosed
Leased on 08 Mar 2023 by Harcourts Property Hub

Happy sellers in Varsity Lakes

92%
92% 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 93 reviews in Varsity Lakes over the last 12 months.

Local market activity for 3 bedroom apartments in Varsity Lakes

In the last 12 months, 12 three-bedroom apartments similar to 48/251 Varsity Parade, have been sold.

This represents a 32% increase in three-bedroom apartments sales when compared to the previous 12 months.

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