63/228 Varsity Parade, Varsity Lakes QLD 4227

1 beds 1 baths 1 cars

Spachus Insights

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Price position Below suburb median

40.2% below the current suburb median listing price.

Buyer negotiation signal Competitive conditions

The suburb median sold price is $15,000 above the median listing price.

Selling pace Sold much slower than typical

31 days typical · Sold in 113 days (265% longer).

Property details

Fantastic Investment Opportunity in the Heart of Varsity Lakes

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.
1Bedrooms 1Bathrooms 1Car spaces ApartmentProperty type 66 m²Land

Varsity Lakes market

Full suburb report
Median listing$995,000
Median sold$1,010,000
Typical selling time31 days
Tracked sold properties81
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Property Overview

63/228 Varsity Parade, Varsity Lakes QLD 4227 is an apartment. It has 1 bedroom, 1 bathroom and 1 car space. The property sold for $595,000 on 13 August 2026 by private treaty after 113 days on the market. In Varsity Lakes, the median listing price is $995,000 and the median sold price is $1,010,000. This sale was $415,000 (41.1%) below the Varsity Lakes median sold price. Properties in Varsity Lakes typically sell in around 31 days based on Spachus tracked sales data. It took 82 days longer to sell than the Varsity Lakes typical selling time.

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