403/190 Varsity Parade, Varsity Lakes QLD 4227
403/190 Varsity Parade, Varsity Lakes QLD 4227
2-bed 1-bath 1-car apartment | 59mยฒ compact floorplan | built 2017 in WOTSO Building | flood overlay present | Varsity College catchment
This property is a newer, amenity-rich apartment in a well-connected part of Varsity Lakes, offering a low-maintenance lifestyle with features like a gym, spa, and split-system air conditioning. Its compact 59mยฒ footprint suits singles, couples, or investors seeking a foothold in a school-catchment suburb with strong digital infrastructure. The 2017 build and higher floor position provide a modern feel, though the lack of verified aspect means solar access or outlook advantages cannot be confirmed. This configuration serves owner-occupiers wanting convenience and downsizers prioritizing amenity over space.
The flood overlay is a material factor that may influence insurance costs and buyer perception, though its impact depends on the specific floor level and building design. The compact size for a two-bedroom apartment might limit appeal for families or those needing more room, potentially affecting resale demand. Without a known aspect, the property’s natural light and privacy are uncertain, which could be a consideration for price negotiation. These factors should be weighed alongside the building’s amenities and location strengths when forming a view on value.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 403/190 Varsity Parade, Varsity Lakes QLD 4227
Market Insight:
Varsity Lakes is a high-demand lifestyle suburb, attracting families, professionals, and investors drawn to its proximity to quality schools, Bond University, and beaches. This diverse buyer pool is driving a highly active market, with houses selling in a median of 15 days and achieving strong annual price growth of 13-16%. Future growth is underpinned by its established amenity and educational facilities, though premium pricing reflects its desirability and competitive conditions.