3 Port Peyra Cres, Varsity Lakes QLD 4227

3 Port Peyra | 824sqm Varsity Lakes | 5-bed modern family | premium street profile The property occupies one of Varsity Lakes’ larger land parcels at 824sqm, a clear competitive advantage in a suburb where median block sizes have compressed. The 5-bedroom, 2-bathroom configuration on 256sqm of living space positions it for families seeking room to grow without sacrificing contemporary finishes. With 80% owner-occupier ratio on Port Peyra Crescent and 72% long-term residency across the suburb, the street signals stability and low turnover risk. The Varsity College catchment within 0.7km adds schooling convenience that broadens buyer appeal. The primary risk is the absence of a stated price guide against an estimated $2.09 million value, which sits notably above the $1.7525 million suburb median. This premium must be justified by the land size and street quality, not the building alone. The 0% auction clearance rate locally suggests a cautious market, so the property may require patient negotiation. Opportunity lies in the limited supply of 4 recently sold properties on the street, giving the seller leverage but also offering a buyer a rare chance to secure a top-tier block in a tightly held pocket.