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7/28 Castello Circuit, Varsity Lakes$799,999
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For Saleapartment

7/28 Castello Circuit

Varsity Lakes, QLD 4227, Australia
$799,999
2 bed 1 bath 1 car

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About this property

Positioned within the highly sought-after Azzurra Eco resort, this well-presented ground-floor apartment offers an outstanding opportunity for investors, first home buyers, and downsizers alike. Currently returning $695 $745 per week (approx. 4.4% 4.8% gross yield), it represents a smart, low-maintenance investment. At the same time, its ground-floor position and easy-access layout make it equally appealing for owner-occupiers seeking convenience and lifestyle. Set within a peaceful, resort-style complex surrounded by lush bushland and tranquil waterways, the property consistently attracts quality tenants and residents who value both comfort and location. With professional onsite management and premium facilities, it's a versatile "set-and-forget" investment or an easy-care home. Inside, the apartment showcases a modern, functional layout with quality finishes throughout. The contemporary kitchen features stone benchtops and quality appliances, flowing seamlessly into a light-filled open-plan living and dining area. Large sliding doors extend to an oversized east-facing balcony, enhancing natural light, airflow, and overall livability. Perfect For Investors seeking strong returns and tenant demand First home buyers entering the market in a premium lifestyle location Downsizers looking for single-level, low-maintenance living with no stairs Investment Highlights Rental return: $695 $745 per week Approx. 4.4% 4.8% gross yield Strong tenant demand (close to Bond University & transport) Low-maintenance, lock-and-leave investment Resort-style complex with onsite management Property Features Ground-floor position with easy access (ideal for downsizers) Air-conditioned open-plan living and dining Modern kitchen with stone benchtops & quality appliances Spacious bedroom with built-in robes and ceiling fan Large private balcony with seamless indoor-outdoor flow Access to pool, BBQ facilities, and beautifully maintained grounds Outgoings (approx.) Body Corporate: $136 per week approx. Rates: $1,395 per half-year approx. Water & Sewerage: $269 per quarter Sinking Fund: $251,221 approx. Prime Location = Lifestyle & Convenience Minutes to Varsity Lakes railway station Close to Bond University Within Varsity College catchment 3.6km to Robina Town Centre Easy M1 access and a short drive to Gold Coast beaches Enjoy direct access to scenic walking and cycling tracks around Lake Orr and Azzurra Islandright at your doorstep. 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.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Listed
1 month ago

Repayment calculator

$3,878/month
$1,939 /fortnight
Loan $639,999 at 6.10% over 30 years

Upfront costs

Deposit$160,000
Stamp duty$29,025
Conveyancing (est.)$2,000
Total upfront$191,025
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. It is listed 27% below the $1.10m 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 Lakes (train)619 m away
  • Aldi1.3 km away
  • Unnamed1.1 km away
  • Silvabank Park1.4 km away
  • Lake Orr Parklands1.4 km 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 +10.7% / yr over 4 yrs

$856kcurrent median

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1 price change recorded for this property

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