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QLD › Varsity Lakes › Main St

U30510, 2 Main St, Varsity Lakes QLD 4227

For saleUnit

$142,026

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $142,026 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $142,026(Listing record · 25 June 2026)
  • CalculationAsk is 90% below the Varsity Lakes median recorded sale ($1,389,182, n=72, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Varsity Lakes's advertised median rent ($859/wk), implied gross yield would be 31.45% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$142,026

Asking

No recorded sale for this property.

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.

See the full Varsity Lakes report →

Vs Varsity Lakes

-89.8%

Median sale

Suburb $1,389,182

+28.23 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.

Total cost to purchase

Purchase Price
$142,026
Stamp Duty (Queensland)
$3,396
Transfer/Registration Fee
$248
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$149,370

$7,344 on top of the price (5.2% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Varsity Lakes's advertised median rent — not a rent for this listing.

Net yield
29.95%
Annual cashflow (pre-tax)
$35,152
Interest cover (DSCR)
5.76
Annual rent
$44,668
Operating expenses
$2,130
Loan amount
$113,621
Annual interest
$7,385
Gross yield
31.45%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

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

Property history

  1. Listed$142,026available25 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 31.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Varsity Lakes in one glance

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.

See the full Varsity Lakes report →

Keep researching

  • Why Varsity Lakes? Read the area thesis →
  • What else is on the market in Varsity Lakes →
  • Other records on Main St →

Listing material

Listed by Conjunction Realty

Best Value in the Entire Cienna Complex - And the Easiest One to Move Straight Into

Link to register your interest and be kept up-to-date on the sale: https://prop.ps/l/DhUB9JDZ33tw

Best Offers By 14 September 2026

There's a difference between buying an investment and buying a home - and this modern two-bedroom, two-bathroom apartment in Building 3 of Cienna Residences is built for the latter.

Read the full description

Set in one of Varsity Lakes' best-connected addresses, this near-new apartment (completed 2023) gives owner-occupiers a genuine chance to secure a low-maintenance, lock-up-and-leave lifestyle in a location that only keeps improving.

Step inside to a bright, open-plan living and dining space that flows out to a private balcony - an easy spot for your morning coffee or an evening wind-down as the breeze rolls through. The kitchen is finished with stone benchtops, quality appliances and generous storage, made for everyday living as much as entertaining.

The master bedroom is a genuine retreat, with built-in robes and its own ensuite, while the second bedroom sits close to the main bathroom - ideal as a guest room, home office, or space for a partner, family member or housemate.

Life at Cienna extends well beyond your front door. Residents enjoy a resort-style pool, gymnasium, rooftop entertaining deck with sweeping views, a residents' lounge, BBQ areas and secure basement parking. And there's more to come - as the broader Cienna masterplan is completed, residents can look forward to a sauna and steam room, on-site retail and café options, co-working spaces and pet-friendly amenities, the kind of live-work-play setup that's rare to find this close to home.

Practically speaking, you're across the road from the brand-new Coles and Liquorland, minutes from Bond University and Varsity College, and well placed for the train station, Robina Town Centre, Robina Hospital and the beach - all of which keep this pocket of Varsity Lakes in consistent demand.

For owner-occupiers ready to move, there's good news, the property currently has a short-term lease in place, giving you a clear and quick path to move in once settled. Buyers may also still be eligible for applicable government grants and concessions.

If you've been searching for a home rather than a hassle, one where the design work and lifestyle amenity are already done for you, this is worth a look.

Location Highlights:

- Coles & Liquorland (across the road) – 1 min

- Varsity College – 2 mins

- Bond University – 4 mins

- Varsity Lakes Train Station – 7 mins

- Robina Town Centre – 8 mins

- Robina Hospital – 9 mins

- Miami Beach – 12 mins

- Pacific Fair Shopping Centre – 14 mins

- Gold Coast Airport – 22 mins

Contact Jesse Bugeja today on 0419 989 669 for more information.

Disclaimer: All information contained herein is gathered from sources we believe to be reliable, however we cannot guarantee its accuracy and interested parties should rely on their own enquiries. Conjunction Realty accepts no responsibility for any errors or misstatements, whether contained within this listing, verbally provided, or otherwise. Any measurements, dimensions, boundaries, distances and inclusions are approximate only. This listing does not constitute legal, financial, or investment advice, and interested parties should make their own independent enquiries and seek professional advice, including in relation to any government grants, concessions or eligibility criteria, prior to making a decision to purchase.

Listing description written by Jesse Bugeja, Conjunction Realty — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Alarm System
  • Balcony
  • Built-in Robes
  • Dishwasher
  • Ensuites: 1
  • Floorboards
  • Gym
  • Intercom
  • In-Ground Pool
  • Secure Parking
  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.