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1302/3 & 1302a/3 Main Street, Varsity LakesAuction
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For Saleapartment

1302/3 & 1302a/3 Main Street

Varsity Lakes, QLD 4227, Australia
Auction
2 bed 2 bath 1 car107 m²

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About this property

Savvy investors, take note. This is a rare opportunity to secure two income streams on a single title, meaning you benefit from dual returns while paying only one body corporate levy. Positioned on an elevated third-floor setting with a sunny, east-facing outlook, this property offers ultimate flexibility. Keep one unit for yourself, a family member, or a student, and let the adjoining tenant offset your mortgage-or lease both for an accelerated payoff. With demand for cash-flow-positive properties at an all-time high, this secure, lift-serviced complex delivers an outstanding combined rental expectation of $1,000 per week. Perfectly situated within walking distance to Bond University and complete with an on-site pool and proactive management, this is a smart, safe, and highly lucrative move. The Opportunity Two Units | One Title: Separate front doors ensure complete privacy Outstanding Returns: $1,000 per week combined rental yield Low Outgoings: Body Corporate is approximately $100 per week Property Breakdown -The One-Bedroom Apartment ($600/week) • Layout: 1 bedroom, 1 bathroom, and 1 secure car park • Living: Spacious, air-conditioned living room with 2 ceiling fans for year-round comfort • Kitchen: Full-sized kitchen featuring a fridge, dishwasher, and ample storage space. • Views: Private balcony with stunning easterly views toward Burleigh. • Convenience: Dedicated laundry nook equipped with a washing machine and dryer -The Studio Apartment ($400/week) • Layout: Compact and highly functional 1 bedroom, 1 bathroom • Kitchen: Well-appointed kitchen setup, including a fridge • Views: Private balcony capturing excellent Burleigh views • Climate: Fully air-conditioned • Convenience: New Washing Machine Included Complex Highlights • Prime Location: Easy walking distance to Bond University • Amenities: Lift access and a well-maintained on-site swimming pool • Management: Excellent on-site management team ensuring your investment is well-protected. We are going to auction so all prior offers will be presented! Disclaimer This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
2
Parking
1
Land Area
107 m²
Listed
2 weeks ago

Repayment calculator

$5,333/month
$2,666 /fortnight
Loan $880,000 at 6.10% over 30 years

Price estimated from comparable nearby — edit below to use your own number

Upfront costs

Deposit$220,000
Stamp duty$43,775
Conveyancing (est.)$2,000
Total upfront$265,775
Verify with QLD revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Varsity Lakes

This 2-bedroom apartment in Varsity Lakes, QLD 4227 sits within reach of public transport, local shops and nearby schools.

Schools near Varsity Lakes

  • Mastery Schools Australia - Varsity Lakes Campuscombined
  • Varsity Collegecombined · Prep-12 · CoEd
  • Arcadia College - Varsity Lakes Temporary Facilitysecondary

What's nearby

  • University Dr near Shore Ave (bus)116 m away
  • The Hair Boutique466 m away
  • North Shore Park230 m away
  • Unnamed314 m away
  • St Clair Park319 m away

Varsity Lakes at a glance

Full suburb profile
Population
16,493
Median age
36
Household income
$1,646/wk
Median rent
$490/wk
Median mortgage
$1,842/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Varsity Lakes price trend

Median sold · Unit 2 bed

Compound growth +11.5% / yr over 4 yrs

$859kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Varsity Lakes market

Within 5km

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