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 › Mulgrave Cres
$979,000
Last sold
24 Aug 2026
3
Bedrooms
2
Bathrooms
2
Car spaces
167 m²
Land
105 m²
Building
Districts View
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
$979,000
24 Aug 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
-29.5%
Median sale
Suburb $1,389,182
+1.34 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 scheme
City Plan
Zone
Medium density residential
Medium density residential
Jurisdiction
City of Gold Coast
Gold Coast, QLD
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
QLDZoned Medium density residential (City Plan). Official parcel area about 168 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. 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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Medium density residential (City Plan). Official parcel area about 168 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumNo material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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 COASTAL °This is a RARE find… Often sought but seldom found is this charming one level free standing "fully detached" duplex located within a boutique block of 3 called "Villas Tropicana". Featuring 9ft ceilings with 3 bedrooms, 2 bathrooms, a spacious open plan living area with a centre piece kitchen and a double lock up garage with both a built-in laundry and internal access. Located within a picturesque private setting in a tree lined sought after location and with low body corporate levies, this home is sure to impress.
Tailor made for those who value a lock and leave lifestyle, this contemporary duplex epitomises privacy and low maintenance. Now vacant, step inside and be delighted by all its character and charm with its easy flow one level floor plan incorporating -
- 3 bedrooms all with ceiling fans (2 with their own air conditioners)
- The private master suite overlooks and opens out to the rear under cover outdoor alfresco area and features a double door mirror robe and an ensuite with an oversized shower.
- The main bathroom has a shower over the bath and a separate powder room for convenience.
- The contemporary style island kitchen overlooks the open plan living zones and showcases laminated cabinetry with a breakfast bar, ample upper and lower cupboard space, a glass splash back, white electrical cooking appliances, a dishwasher, a plumbed double door fridge space, a double sink and an oversized pantry for ease of entertaining.
- The fully air conditioned, tiled open plan lounge and dining area has an abundance of natural light through its added windows and is positioned to access both the rear fully fenced back yard undercover entertainment area and front porch where you can bask in all year-round sunshine.
- 9ft ceilings, air conditioning, ceiling fans, security screens, compliant smoke detectors, window coverings and downlights through out
- Double auto lock-up garage with internal access, parking is also available in front
- A European built in laundry, ample linen space and a clothesline area
- Boutique block of 3, low body corporate $43 per week, Rates $1495 half yearly, with water rates approx. $450 a quarter, individually metered for both power and water
- Fully fenced so bring your pet
- Conveniently located to the new Coles Shopping Centre, The Market Square, Varsity CBD, private and public schools, bus stops, Medical Centres, Bond University, the Train Station, and the golden beaches of Burleigh Heads are all just minutes away.
- A local park with a child's playground area is located at the end of the street and with Kilometres of walking and cycling tracks on your doorstep, embrace a healthy lifestyle.
- Live in or invest … An incredible opportunity has presented itself with vacant possession
Promising to impress and offering the perfect balance of comfortable space and relaxed coastal living, this RARE free-standing duplex has been designed for those seeking privacy and the ultimate low maintenance Varsity Lakes lifestyle.
Affordably yours, contact Michelle Wegener today on 0439 717 647 - Bring the cheque book…because 13A Mulgrave Crescent is going to be SOLD!!!
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.
Listing description written by Michelle Wegener, COASTAL ° — reproduced as published, not verified by Districts.