Character, space and courtyard living
117 Varsity Parade, Varsity Lakes

Not your typical townhouse, 117 Varsity Parade brings together high raked ceilings, exposed timber beams, polished concrete floors and light-filled interiors.

The open-plan ground floor flows to a leafy private courtyard, creating a welcoming setting for indoor-outdoor living. A kitchen with gas cooking, a separate WC and laundry add everyday practicality.

Above, the mezzanine provides flexible space for sleeping, studying or relaxing, complemented by the main bathroom, air conditioning and wood-panelled flooring. Both toilets are connected to an underground rainwater tank.

Set on a 214m² lot, the property also includes an oversized private garage accommodating one car. Its distinctive design offers an alternative for buyers seeking character and flexibility in Varsity Lakes.

The investment
The seller disclosure records rent of $720 per week under a fixed-term tenancy ending on 10 February 2027. That equates to $37,440 in gross income over 52 weeks at that rate, before expenses and vacancy. Future rental income and availability for owner-occupation are subject to the tenancy position and market conditions.

Property features
- High raked ceilings and exposed timber beams
- Polished concrete floors downstairs
- Open-plan living opening to a leafy private courtyard
- Kitchen with gas cooking
- Flexible mezzanine space
- Main bathroom upstairs, plus downstairs WC
- Air conditioning
- Wood-panelled flooring upstairs
- Underground rainwater tank connected to both toilets
- Oversized private garage for one car
- 214m² lot area, not internal floor area

Outgoings
- Scheduled body corporate contributions: $2,586.28 for 1 May 2026-30 April 2027, equivalent to approximately $49.74 per week, including administration and the listed building insurance contributions.
- If every administration instalment qualifies for the 20% on-time discount, the scheduled total reduces to $2,312.90, approximately $44.48 per week. Insurance is not discounted.
- No sinking fund contribution or special levy is listed for this financial year. Future levies and insurance charges may change.
- Council rates: $1,495.49 for January-June 2026. Approximately $2,991 annually if the other half-year is similar; this is an estimate.
- Water: $280.69 for 11 March-12 June 2026. Future charges will vary.

For further information or to arrange an inspection, contact Ken McLachlan at LJ Hooker Southern Gold Coast.

Areas and outgoings are approximate where stated. Buyers should confirm the property configuration, current charges and tenancy position before proceeding.

Disclaimer:
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