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 › Port Peyra Cres
$1,950,000
Last sold
4 June 2026
5
Bedrooms
2
Bathrooms
2
Car spaces
824 m²
Land
256 m²
Building
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
$1,950,000
4 June 2026 · derived via latest_sale
Local land rate: recorded House sales in Varsity Lakes (last 5 years) with land size have a median of $3,040/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
+40.4%
Median sale
Suburb $1,389,182
-0.93 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 COASTAL °Evoking a cool sophistication, this modern, contemporary lifestyle property is the ultimate expression of effortless family living and entertaining. Sought after for its placement on the prestigious "Azzurra Island "enjoy the panoramic vistas over Port Peyra Reserve parks and water ways.
Designed and built without compromise and impeccably maintained on a generous 824m2 allotment, this sprawling 5-bedroom home revels both formal and informal living and dining areas with full height glazing and cavity sliders to ensure unrivalled indoor -outdoor living.
Bathed in natural light, the residence opens with an impressive entry foyer, where soaring ceilings and a sense of scale immediately set the tone. At the heart of the home, the designer kitchen is a true statement in functionality, as is the teenager's retreat/rumpus room which services 4 of the bedrooms with the entire top floor 5th bedroom devoted to the master suite to provide peaceful accommodation.
Ticking every box for the entire family at any age, the home further showcases -
• Superior Coastal style residence set on a prime 824m2 useable block
• Energy efficient home with a 24 panel- 9.36kw Sun grow solar system
• Four bedrooms plus a luxurious top floor hotel like master retreat which opens to its very own balcony to enjoy the sunsets over the parks and water ways. The ensuite is of a contemporary open plan design for a wet area and features double vanities and an oversized walk-in mirror robe with built in shelving
• The main bathroom of the home features a convenient three way design with floor to ceiling tiling, a double vanity, a separate bath, shower and powder room
• A third guest powder room is located on the ground floor
• Enriched with high ceilings and multiple living zones for the entire family, there is a clever separation of formal and informal zones with an oversized tiled family and dining area, a private carpeted media/lounge room and a teenage retreat/rumpus room which is the centre piece of the 4 bedrooms.
• The timeless open plan kitchen includes a statement 1.5m x 1.8m island stone bench top which showcases olive 2 Pac seamless colour cabinetry with soft closing draws complimented by a glass splash back with European appliances including 2 Bosh ovens - a second multi-purpose microwave, a 5-burner gas cook top and a Miele dishwasher, 2 sets of double door pantries, functional upper and lower storage, a plumbed double door fridge space, a deep set double chrome sink and a kitchen window servery for effortless entertaining and everyday family living.
• A separate oversized built-in laundry opens to the outside clothesline area to complete the visual flow and practicality
• For the car enthusiast there is a double auto garage with epoxy flooring, a built-in storage cupboard, internal and external access and a large garden shed
• The living area triple stacker doors and the kitchen servery add to the seamless connection to the oversized covered, tiled alfresco area which overlooks both the resort style pool to enjoy an endless summer, and to two flat grassed areas for both children and pets to play
• Reverse cycle air-conditioning, roof insulation, remote-control ceiling fans, night and day blinds, fly wires, down lights, interconnecting smoke alarms and a home safe
• Rates are approx. $1680 half yearly with water rates being approx. $600 a quarter
• Enjoy the kilometres of walking and cycling tracks around Lake Orr and for the kayaking, stand up paddle boarding and fishing enthusiasts there is a jetty located in the park directly opposite and a Sailing Club close by for convenience
• Grocery shopping will become a breeze with the Aldi Supermarket just a 2-minute drive away and forget the car keys, because the Varsity Train Station, Bus stop, Primary School and Kindergarten are all walking distance from your front door.
• Also positioned within a 5-minute drive is the Varsity CBD and Village atmosphere, The Robina Town Centre, Bunnings, Medical Centres, and Bond University.
Enjoy the best of both worlds - a private haven of quiet luxury, with the vibrancy of the Gold Coast just moments away, 3 Port Peyra Crescent delivers a seamless blend of comfort and effortless coastal living to maximise its prized location.
Offered with vacant possession, allowing you to move straight in, this turnkey home presents a compelling opportunity to secure a substantial family residence in one of the Gold Coast's most desirable lifestyle precincts.
Bring your cheque book… and start your property dreams by calling Michelle Wegener today on 0439 717 647
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.
Also look at
U3, 22 Palma Cres, Varsity Lakes QLD 4227
4-bed townhouse. Asking $1.08M.
3 Marscay Ave, Varsity Lakes QLD 4227
3-bed house for sale. Currently listed.
U31001, 2 Main St, Varsity Lakes QLD 4227
2-bed unit. Currently listed.
U59, 19 Carina Peak Dr, Varsity Lakes QLD 4227
2-bed apartment. Asking $795K.