147 Varsity Parade, Varsity Lakes, Qld 4227

Auction

Townhouse
Type
3
Bedrooms
2
Bathrooms
1
Parkings
125 m²
Area

Last updated on Wednesday, August 19, 2026 ( See property details for 147 Varsity Parade, Varsity Lakes, Qld 4227)

Auction

Jon Paul LICENSED REAL ESTATE AGENT
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile SOHO townhouse offering dual income, flexible live/work options, and exceptional investment potential in Varsity Lakes.

🏡 Property Highlights

  • Dual-income property with a self-contained studio and a two-bedroom residence
  • Currently generating $975 per week with strong future rental potential
  • Prime location within walking distance to Bond University and local amenities
  • Flexible live/work SOHO zoning ideal for professionals and investors
  • North-facing aspect with excellent street exposure and natural light
  • Ready for solar and battery installation, enhancing energy efficiency

✨ Key Features

  • Air Conditioning
  • Ceiling Fans
  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Secure Parking
  • Water tank
  • Fully fenced
  • Garage
  • Pet-Friendly

Varsity Lakes is a vibrant suburb renowned for its excellent educational institutions, scenic lakeside walking paths, and convenient access to shopping precincts. The area offers a strong community vibe, ongoing growth prospects, and a range of amenities including cafes, schools, and recreational facilities, making it an ideal location for families, professionals, and investors seeking a balanced lifestyle with high potential for future appreciation.

What are the benefits of SOHO zoning for this property?
SOHO zoning allows for flexible use as a live/work space, making it ideal for professionals, small business owners, and investors seeking versatile property options.
Can I purchase the property fully furnished?
Yes, there is an option to purchase the property fully furnished, subject to negotiation.
What is the current rental income and potential for future returns?
The property currently returns $975 per week, with estimated future rental income of approximately $480 per week for the studio and $900 for the two-bedroom residence.
Is the property suitable for energy efficiency upgrades?
Yes, the property is ready for solar and battery installation, supporting energy savings and sustainability.
What are the ongoing costs associated with the property?
The low body corporate fees are approximately $19.26 per week, with council rates of $1,438.74 (6 monthly) and water rates of $537.16 quarterly.
Are there any restrictions or covenants associated with the SOHO zoning that could affect future modifications? Have any recent renovations or repairs been carried out, and are there warranties or guarantees? Are there any planned developments or construction projects nearby that could impact the property's value or livability? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? What are the strata or body corporate regulations, and are there any upcoming special levies or fees?

147 Varsity Parade, Varsity Lakes, Qld 4227 - More Details

Auction

In-Room Auction September 10th, 2pm - 94 Laver Dr, Robina Event Centre (Tafe)

What is a SOHO?
A Small Office/Home Office (SOHO) is registered for both residential living and business use, giving you the flexibility to live in, work from, or invest in one of the most versatile property types available. This could be the smartest move you make in 2026!

Don't miss this rare opportunity to secure a high-performing investment in a sought-after location. Offering excellent income potential and exceptional flexibility, this unique property is ideal for work-from-home professionals, business owners, or savvy investors seeking strong rental returns.

Current Investment Highlights
Dual-Income Opportunity
Currently returning $975 per week on a lease through to May 2027, the property comprises:

• A fully self-contained studio apartment above the garage.
• A spacious two-bedroom residence in the main home.

Self-Contained Studio
• Lofted ceilings creating a spacious feel.
• Kitchenette.
• Bathroom.
• Open-plan living and bedroom area.
• Shared laundry facilities.

Two-Bedroom Residence
• Modern kitchen.
• Open-plan living and dining area.
• Bathroom.
• Laundry facilities.
• Two generous bedrooms.

Additional comfort features include:
• Air conditioning in the studio and Bedroom 2.
• Ceiling fans throughout.
• Option to purchase fully furnished (subject to negotiation).
• Secure rear laneway access with separate entry.

Outstanding Rental Potential
• Current Rental Return: $975 per week.
• Estimated Rental Return (leased separately):
• Studio: Approximately $510 per week.
• Two-bedroom residence: Approximately $900 per week.

An exceptional opportunity for investors seeking a high-yield, flexible asset.

Dedicated Business Space
Purpose-built for professionals
• Abundant natural light
• Full kitchen
• Powder room
• Air conditioning
• Ample storage
• Private courtyard

With an approved business sign and excellent street exposure, clients will enjoy easy access and outstanding visibility.

Additional Features
• Single lock-up garage plus visitor parking.
• Energy-efficient electric hot water system.
• Ready for solar and battery installation.
• Low body corporate fees of approximately $19.26 per week.
• Council rates: $1,438.74 (6 monthly).
• Water rates: $537.16 (quarterly).

Prime Location
Enjoy the convenience of being within walking distance to:
• Bond University.
• Local schools.
Shopping precincts.
• The lake and walking paths.
• Popular cafés and everyday amenities.
With the recent opening of Coles, the area's appeal and future growth potential continue to strengthen.

Why You'll Love It
• North-facing aspect.
• Excellent street exposure.
• Flexible live/work lifestyle.
• Strong rental returns.
• Rare SOHO zoning.
• Outstanding long-term investment potential.

Whether you're looking to live, work, invest, or all three, this unique SOHO delivers flexibility, strong returns, and a lifestyle opportunity rarely offered in today's market.

Auction
In Rooms
10th September
Robina Event Centre- 94 Laver Dr

Act quickly to secure your place in one of the area's most exciting income-generating opportunities.
Type
Townhouse
Bedrooms
3
Bathrooms
2
Parkings
1
Area
125 m²
House Size
209 m²

Inspections times

  • Inspection Sat 22 Aug 12:00 pm

    Saturday 22 August
    12:00 pm - 12:30 pm

Auctions

  • 147 Varsity Parade, Varsity Lakes, Qld 4227

    Thursday 10 September
    2:00 pm
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