Back 89/98 University Drive
Off Market

89/98 University Drive

Varsity Lakes QLD 4227

1
1
1
88 m²
Apartment
Last sold for $655,000
Mitch HarropMitch Harrop, last sold this property on 16 November 2025 after 32 days on market.

Overview

Furnished Top-Floor Apartment with Hinterland & Burleigh Headland Views!

*** ACCESS TO INSPECTIONS FROM LAKE STREET ENTRANCE *** CALLING ALL INVESTORS – Great Investment Opportunity, Leased until Aug 2026 @ $625 per week Welcome to 89/98 University Drive, Varsity Lakes, a spacious one-bedroom top-floor apartment with lift access, that perfectly combines comfort and convenience. Proudly presented by Mitch Harrop and Ben Nantes, this beautifully maintained apartment is positioned in one of Varsity's most sought-after complexes, offering an exceptional living experience in a prime location, just moments away from local amenities and the vibrant lifestyle of Varsity Lakes. Step inside to discover a bright, open-plan layout designed to capture natural light and cooling breezes year-round. The living and dining spaces flow seamlessly onto a large entertainer's balcony, where you can relax and enjoy picturesque Burleigh Headland and Hinterland views. A functional kitchen provides ample storage, while the air-conditioned living area and handy study nook make everyday living easy. With reliable tenants in place until August 2026, this apartment is being sold fully furnished, making it a fantastic ready-made investment opportunity in a prime Varsity Lakes location. Perfectly positioned close to public transport, Bond University, Lake Orr board walks, and all amenities, this bright and breezy one-bedroom apartment offers the ultimate in low-maintenance living, all while enjoying some of the best views the Gold Coast has to offer. Boasting Home Features Include: • Spacious 88m2 top-floor apartment with lift access, elevated breezes, and stunning Hinterland views • Bright, airy open-plan living and dining area flowing seamlessly to a large entertainer's balcony • Perfect for relaxing or enjoying some of the Gold Coast's most beautiful sunsets • Located in a highly sought-after complex, just a few minutes' walk to Varsity Lakes cafes, restaurants, and Bond University • Ideal investment opportunity with tenants in place until August 2026 • Large balcony providing extra space for entertaining or unwinding • Air-conditioned living area for year-round comfort • Study nook for working or studying from home • Well-maintained with quality floorboards throughout • Generous master bedroom with ensuite • Functional kitchen with ample storage • Lock-up-and-leave lifestyle with no garden or lawn maintenance • Internal laundry, dishwasher, and air-conditioning included • Sold fully furnished for a ready-made investment or easy move-in Council Rates: Approx. $1,475 bi annually Water Rates: Approx. $400 per quarter Body Corporate Fees: Approx. $104 per week Rental Appraisal: Approx. $625 - $680 Per Week Boasting Complex Features Include: • New pool area with separate spa • Gymnasium • Two shared BBQ areas • Owners Lounge • Manicured grounds • On-site Manager Why Choose Varsity Lakes? Varsity Lakes is one of the Gold Coast's most sought-after suburbs, offering a perfect blend of lifestyle, convenience, and investment potential. Centered around the scenic Lake Orr, it boasts stunning waterfront homes, walking tracks, and an abundance of parks that create a relaxed, family-friendly environment. The suburb is home to the highly regarded Varsity College, along with close proximity to Bond University, making it ideal for families and investors alike. Residents enjoy easy access to major shopping at Robina Town Centre, local cafés, restaurants, and gyms, while excellent transport links via Varsity Lakes train station and the M1 motorway connect seamlessly to Brisbane and the wider Gold Coast. With strong property growth, high rental demand, and a vibrant community spirit, Varsity Lakes delivers the best of both lifestyle and long-term value. For more information, contact the Number 1 Agent in Varsity Lakes & Robina, Mitch Harrop today! Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements.

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
88 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 89/98 University Drive 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 89/98 University Drive

2025
Sold
$655,000
16 Nov 2025 by Mitch Harrop, of Harcourts Property Hub

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 96 reviews in Varsity Lakes over the last 12 months.

Local market activity for 1 bedroom apartments in Varsity Lakes

In the last 12 months, 23 one-bedroom apartments similar to 89/98 University Drive, have been sold.

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

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