Varsity Lakes at a glance
18,051
People
$1,389,182
Median sale
$859/wk
Median rent
3.22%
Suburb gross yield
Median sale from 72 recorded sales (last 12 months) — a Districts calculation.
QLD › Varsity Lakes › Magenta Dr
$1,290,000
Last sold
23 Feb 2026
3
Bedrooms
2
Bathrooms
2
Car spaces
400 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,290,000
23 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in Varsity Lakes (last 5 years) with land size have a median of $2,947/m² of land (n=53). Districts calculation from recorded sales — not a valuation.
Varsity Lakes at a glance
18,051
People
$1,389,182
Median sale
$859/wk
Median rent
3.22%
Suburb gross yield
Median sale from 72 recorded sales (last 12 months) — a Districts calculation.
Vs Varsity Lakes
-7.1%
Median sale
Suburb $1,389,182
+0.24 pp
Gross yield
Suburb 3.22%
Suburb median $1,389,182 from 72 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $859/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Varsity Lakes at a glance
18,051
People
$1,389,182
Median sale
$859/wk
Median rent
3.22%
Suburb gross yield
Median sale from 72 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Property HubProudly presented by Mitch Harrop & Ben Nantes, 11 Magenta is positioned within one of Varsity Lakes best locations, it is a gorgeous single-level home that offers an exceptional opportunity on a low-maintenance 400m² lot.
Bathed in beautiful morning sunlight, the expansive backyard offers ample space for a pool, creating an ideal setting for growing families, first-home buyers, or savvy investors. Fully fenced for privacy and safety, it's a secure haven for children and pets, while the low-maintenance design means more time to embrace the relaxed lifestyle this sought-after location provides
Inside, a thoughtful floor plan delivers both comfort and functionality. Two spacious living areas include a designated lounge room and an open-plan kitchen and dining space. The kitchen features ample storage, and generous preparation space, while the home's high ceilings, LED downlights, and new wool carpets add style and comfort. Three well-proportioned bedrooms include built-in or walk-in robes, with the king-sized master enjoying a private ensuite and walk-in wardrobe. The laundry with side access and a double garage further enhance everyday practicality.
Perfectly positioned, you'll be just minutes from Varsity College, the new Coles supermarket, local playgrounds, Lake Orr boardwalks, and the vibrant cafés and shops of Varsity CBD. Robina Town Centre, Hospital and Bond University and the M1 are all only a short drive away, making daily errands and weekend outings effortless. This home is the complete package of lifestyle, location, and easy-care living – an opportunity you don't want to miss.
Boasting Property Features:
• Positioned in a quiet, family-friendly cul-de-sac
• Large fully fenced backyard with room for a pool. Perfect for children, pets, or outdoor entertaining
• Brand new carpet throughout the bedrooms
• Reverse cycle air conditioning for year-round climate control
• Spacious kitchen with ample bench space and generous storage
• Open-plan living and dining area designed for everyday comfort
• Three generous bedrooms all featuring built-in or walk-in robes
• Master bedroom complete with walk-in robe and private ensuite
• Electric cooktop and electric hot water system
• Secure double garage with internal access
• Move-in ready with scope to personalise and make it your own
Council Rates: Approx. $1,106 Bi-Annually
Water Rates: Approx. $380 Per Quarter
Rental Appraisal: Approx. $1,000 - $1,050 Per Week
Location Features Include:
• Ideally located within the Varsity College catchment
• Stones throw to Lake Orr's walking and cyclings trails
• Walking distance to local parks, playgrounds, and green spaces
• Only minutes to Varsity CBD cafes, restaurants, and everyday conveniences
• Close to Bond University, Robina Town Centre and Hospital
• Easy access to public transport, Varsity Lakes train station, and bus routes
• Just a short drive to Burleigh Heads and all world renowned Gold Coast beaches
Contact your No.1 Varsity Lakes & Robina agents, Mitch Harrop & Ben Nantes today for more information!!
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.
Listing description written by Mitch Harrop, Harcourts Property Hub — reproduced as published, not verified by Districts.