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63/228 Varsity Parade, Varsity Lakes$599,000
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For Saleapartment

63/228 Varsity Parade

Varsity Lakes, QLD 4227, Australia
$599,000
1 bed 1 bath 1 car66 m²

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About this property

Currently rented for $615 per week until June 2027 and positioned in one of the Gold Coastâs most tightly held and high-demand rental pockets, this fully furnished one-bedroom apartment within the highly regarded Chancellor Executive Apartments presents an exceptional opportunity for investors seeking value and strong reliable returns. Set just moments from Bond University, this property enjoys consistent year-round demand from students, professionals, and corporate or holiday guests alike. Whether youâre looking to expand your portfolio or secure a low-maintenance, income-generating asset, this versatile apartment ticks every box. Step inside to discover a thoughtfully designed layout that combines comfort, functionality, and modern style. The generous bedroom is complemented by a walk-in robe, while the sleek bathroom showcases quality stone finishes. A contemporary kitchen fitted with stainless steel appliances flows seamlessly into the living space, enhanced by air conditioning for year-round comfort. Offered fully furnished, this is a true turnkey investmentâready to generate income from day one. Residents and guests enjoy access to an impressive suite of resort-style amenities, including a sparkling swimming pool, fully equipped gym, BBQ entertaining area, and a sophisticated executive foyerâcreating an appealing lifestyle that keeps occupancy rates high. Currently rented for $615 per week until June 2027. Property Features ⢠Spacious bedroom with walk-in robe ⢠Stylish bathroom with premium stone finishes ⢠Air-conditioned for comfort in every season ⢠Modern kitchen with quality stainless steel appliances ⢠Private internal laundry ⢠Fully furnished for immediate rental return ⢠Secure car space ⢠Lift access for added convenience Resort-Style Amenities ⢠Swimming pool ⢠Fully equipped gymnasium ⢠BBQ and outdoor entertaining area ⢠Grand executive-style foyer Prime Location Enjoy the ultimate convenience of a central Varsity Lakes address: ⢠Easy walk to Bond University ⢠Walking distance to local shops, cafes, and public transport ⢠Just minutes to Robina Town Centre ⢠Only 10 minutes' drive to gold coast beaches Investment Highlights ⢠Strong rental returns of approximately $640 per week ⢠Consistently high occupancy rates year-round ⢠Preferred accommodation for Bond University and conference guests ⢠Flexible rental options: long-term, short-term, or personal use between stays ⢠Long-term tenant currently in place (lease until June 2027) ⢠Low-maintenance asset in a blue-chip rental location ⢠Approx Body Corp per week $140 This is a rare opportunity to secure a high-performing investment in one of the Gold Coastâs most sought-after precincts. With strong demand, excellent returns, and lifestyle appeal, this property offers value, immediate income and long-term growth potential. Disclaimer In preparing this information, REMAX Regency has used its best endeavours to ensure the information is true and accurate. We accept no responsibility for any errors, omissions, or misstatements. Prospective buyers should make their own enquiries to verify all details.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Land Area
66 m²
Listed
1 month ago

Repayment calculator

$2,904/month
$1,452 /fortnight
Loan $479,200 at 6.10% over 30 years

Upfront costs

Deposit$119,800
Stamp duty$19,980
Conveyancing (est.)$2,000
Total upfront$141,780
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 1-bedroom apartment in Varsity Lakes, QLD 4227 sits within reach of public transport, local shops and nearby schools. It is listed 38% below the $969,000 median of 58 comparable apartmentswithin 5 km.

Schools near Varsity Lakes

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

What's nearby

  • Varsity Pde at Assembly Drive (bus)166 m away
  • BarberLife12 m away
  • Messel Place Park132 m away
  • Watts Drive Park137 m away
  • Varsity Promenade138 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 1 bed

Compound growth +15.7% / yr over 4 yrs

$700kcurrent median

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1 price change recorded for this property

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