Sold

1302/3 Main Street,
Varsity Lakes 4227, Queensland

2 bedrooms
2 bathrooms
1 car space
107m² land size
Apartment

$816,000


Property details

SOLD BY JON PAUL

Savvy investors, take note. This is a rare opportunity to secure two income streams on a single title, meaning you benefit from dual returns while paying only one body corporate levy. Positioned on an elevated third-floor setting with a sunny, east-facing outlook, this property offers ultimate flexibility. Keep one unit for yourself, a family member, or a student, and let the adjoining tenant offset your mortgage-or lease both for an accelerated payoff.

With demand for cash-flow-positive properties at an all-time high, this secure, lift-serviced complex delivers an outstanding combined rental expectation of $1,000 per week. Perfectly situated within walking distance to Bond University and complete with an on-site pool and proactive management, this is a smart, safe, and highly lucrative move.

The Opportunity
Two Units | One Title: Separate front doors ensure complete privacy
Outstanding Returns: $1,000 per week combined rental yield
Low Outgoings: Body Corporate is approximately $100 per week

Property Breakdown

-The One-Bedroom Apartment ($600/week)
• Layout: 1 bedroom, 1 bathroom, and 1 secure car park
• Living: Spacious, air-conditioned living room with 2 ceiling fans for year-round comfort
• Kitchen: Full-sized kitchen featuring a fridge, dishwasher, and ample storage space.
• Views: Private balcony with stunning easterly views toward Burleigh.
• Convenience: Dedicated laundry nook equipped with a washing machine and dryer

-The Studio Apartment ($400/week)
• Layout: Compact and highly functional 1 bedroom, 1 bathroom
• Kitchen: Well-appointed kitchen setup, including a fridge
• Views: Private balcony capturing excellent Burleigh views
• Climate: Fully air-conditioned
• Convenience: New Washing Machine Included

Complex Highlights
• Prime Location: Easy walking distance to Bond University
• Amenities: Lift access and a well-maintained on-site swimming pool
• Management: Excellent on-site management team ensuring your investment is well-protected.

Explore the area


School catchments

  • Mastery Schools Australia - Varsity Lakes Campus Combined Independent 0.65km
  • Varsity College Combined Prep-12 Government 1.0km
  • Robina State School Primary Prep-6 Government 1.3km
  • Caningeraba State School Primary Prep-6 Government 2.3km
  • King's Christian College Combined Prep-12 Independent 2.3km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


Back to top