A sale down the road is not evidence until it is adjusted for how it differs from this home. Here is each sale we used, what we changed, and by how much.

31 Roundelay Drive

Sold 30 July 2026 · 0.93 km away

Sold for

$1,380,000

Adjusted to this home

$1,400,990

What we added and subtracted to make this sale comparable to 1 Babu Street
Condition	this home 7 · comparable 8	−$55,200
Micro-location	this home 0.0581 · comparable 0.0311	+$29,808
Land size	this home 602 m² · comparable 420 m²	+$28,246
Year built	this home 2000 · comparable 1994	+$17,664
Floor area	this home 160 m² · comparable 151.3 m²	+$14,846
Distance to beach	this home 4.23 km · comparable 3.59 km	−$14,374
Net adjustment		+$20,990

A further 11 factors were compared and found the same on both properties, so no money moved.

39 Brier Crescent

Sold 16 May 2026 · 0.34 km away

Sold for

$1,302,000

Adjusted to this home

$1,346,370

What we added and subtracted to make this sale comparable to 1 Babu Street
Bedrooms	this home 4 · comparable 3	+$83,018
Condition	this home 7 · comparable 8	−$52,080
Micro-location	this home 0.0581 · comparable 0.0157	+$44,164
Year built	this home 2000 · comparable 2013	−$38,272
Floor area	this home 160 m² · comparable 141 m²	+$32,422
Car spaces	this home 2 · comparable 3	−$32,000
Cladding	this home 2 · comparable 1	+$21,507
Land size	this home 602 m² · comparable 708 m²	−$16,451
Distance to beach	this home 4.23 km · comparable 4.35 km	+$2,062
Net adjustment		+$44,370

A further 8 factors were compared and found the same on both properties, so no money moved.

9 Gainsborough Drive

Sold 14 September 2026 · 0.33 km away

Sold for

$1,400,000

Adjusted to this home

$1,506,029

What we added and subtracted to make this sale comparable to 1 Babu Street
Bedrooms	this home 4 · comparable 3	+$83,018
Condition	this home 7 · comparable 8	−$56,000
Micro-location	this home 0.0581 · comparable 0.0223	+$40,096
Land size	this home 602 m² · comparable 405 m²	+$30,574
Floor area	this home 160 m² · comparable 145 m²	+$25,596
Cladding	this home 2 · comparable 3	−$21,507
Year built	this home 2000 · comparable 1995	+$14,720
Distance to beach	this home 4.23 km · comparable 3.92 km	−$6,266
Pool	this home 0 · comparable 1	−$4,202
Net adjustment		+$106,029

A further 8 factors were compared and found the same on both properties, so no money moved.

15 Comore Drive

Sold 16 January 2026 · 0.54 km away

Sold for

$1,350,000

Adjusted to this home

$1,364,953

What we added and subtracted to make this sale comparable to 1 Babu Street
Condition	this home 7 · comparable 6	+$54,000
Floor area	this home 160 m² · comparable 184 m²	−$40,954
Land size	this home 602 m² · comparable 423 m²	+$27,781
Micro-location	this home 0.0581 · comparable 0.0738	−$16,956
Year built	this home 2000 · comparable 2002	−$5,888
Distance to beach	this home 4.23 km · comparable 4.06 km	−$3,030
Net adjustment		+$14,953

A further 11 factors were compared and found the same on both properties, so no money moved.

21 Cumberland Drive

Sold 4 December 2025 · 0.61 km away

Sold for

$1,450,000

Adjusted to this home

$1,415,998

What we added and subtracted to make this sale comparable to 1 Babu Street
Condition	this home 7 · comparable 9	−$145,000
Bedrooms	this home 4 · comparable 3	+$83,018
Year built	this home 2000 · comparable 1992	+$23,552
Cladding	this home 2 · comparable 3	−$21,507
Land size	this home 602 m² · comparable 467 m²	+$20,952
Micro-location	this home 0.0581 · comparable 0.0427	+$17,864
Distance to beach	this home 4.23 km · comparable 3.64 km	−$13,798
Floor area	this home 160 m² · comparable 157 m²	+$5,119
Pool	this home 0 · comparable 1	−$4,202
Net adjustment		−$34,002

A further 8 factors were compared and found the same on both properties, so no money moved.

40 Gerona Circuit

Sold 26 May 2026 · 0.96 km away

Sold for

$1,410,000

Adjusted to this home

$1,333,086

What we added and subtracted to make this sale comparable to 1 Babu Street
Floor area	this home 160 m² · comparable 188 m²	−$47,779
Micro-location	this home 0.0581 · comparable 0.0943	−$40,834
Land size	this home 602 m² · comparable 400 m²	+$31,350
Cladding	this home 2 · comparable 3	−$21,507
Distance to beach	this home 4.23 km · comparable 5.03 km	+$14,890
Year built	this home 2000 · comparable 2003	−$8,832
Pool	this home 0 · comparable 1	−$4,202
Net adjustment		−$76,914

A further 10 factors were compared and found the same on both properties, so no money moved.

8 Cumberland Drive

Sold 3 June 2026 · 0.68 km away

Sold for

$1,415,000

Adjusted to this home

$1,490,161

What we added and subtracted to make this sale comparable to 1 Babu Street
Bedrooms	this home 4 · comparable 3	+$83,018
Year built	this home 2000 · comparable 1992	+$23,552
Distance to beach	this home 4.23 km · comparable 3.55 km	−$15,758
Land size	this home 602 m² · comparable 703 m²	−$15,675
Micro-location	this home 0.0581 · comparable 0.0462	+$13,470
Floor area	this home 160 m² · comparable 167.88 m²	−$13,446
Net adjustment		+$75,161

A further 11 factors were compared and found the same on both properties, so no money moved.

56 Southlake Drive

Sold 21 July 2026 · 0.61 km away

Sold for

$1,660,000

Adjusted to this home

$1,514,940

What we added and subtracted to make this sale comparable to 1 Babu Street
Condition	this home 7 · comparable 9	−$166,000
Floor area	this home 160 m² · comparable 133 m²	+$46,073
Car spaces	this home 2 · comparable 3	−$32,000
Land size	this home 602 m² · comparable 432 m²	+$26,384
Cladding	this home 2 · comparable 3	−$21,507
Year built	this home 2000 · comparable 1993	+$20,608
Air conditioning	this home 0 · comparable 1	−$20,000
Micro-location	this home 0.0581 · comparable 0.0447	+$17,795
Distance to beach	this home 4.23 km · comparable 3.76 km	−$12,211
Pool	this home 0 · comparable 1	−$4,202
Net adjustment		−$145,060

A further 7 factors were compared and found the same on both properties, so no money moved.

We are not claiming to be more accurate than anyone else. We are showing you the sales, the adjustments and the band they produce, so you can judge the number yourself.

Will Simpson, Fields Real Estate — Will SimpsonFields Real Estate

Your market update

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 1 Babu Street sit?

Gold Coast homes listed for 60 to 180 days rose from 1,288 in March to 2,618 in August (SQM Research). A rising count of homes sitting unsold has historically been associated with downward pressure on asking prices.

But property markets do not move as one—and neither do individual homes.

We traced the estimated value of 1 Babu Street over the past 18 months, compared it with Varsity Lakes’s wider market, and examined the indicators most likely to reveal what happens next.

Market intelligence

7 reports

Varsity Lakes

Should I Sell Now?

Absorption Rate: 2.2 months

Varsity Lakes

Is Now a Good Time to Buy?

12-Month Median Sale Price: $1,400,000 (90% CI $1,357,500 to $1,445,000; n=130)

Varsity Lakes

Crash Risk

12-Month Median Price (Varsity Lakes): $1,400,000 (90% CI $1,357,500–$1,445,000, n=130)

Varsity Lakes

Market Overview

12-Month Median Sale Price: $1,400,000 (90% CI $1,357,500 to $1,445,000; n=130)

Varsity Lakes

Houses vs Units

Asking Price Spread, Houses Vs Units: $521,294 ($1,442,508 houses vs $921,214 units, as at 2026-09-25)

Varsity Lakes

Market Direction

12-Month Median Price: $1,400,000 (90% CI $1,357,500 to $1,445,000, n=130)

Varsity Lakes

Suburb Comparison

12-Month Median Price: $1,400,000 (90% CI $1,357,500 to $1,445,000, n=130)

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Reports for this address

Valuation Report

The full comparable-sales assessment for this home — the evidence, adjustment grid and reconciliation behind the range. The same report you can open above.

Property Positioning Report

The document we prepare before a home goes to market — valuation evidence, comparables and market position, with a cover prepared for this address.

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Market Update Report

The recent nearby sales adjusted to this home, weighed against the national headlines — the same report you can open above.

Why I built Fields

Will Simpson · 84 seconds

If you sold today

18 houses are already on the market in Varsity Lakes.

See the homes buyers can choose from — and the market your home would enter.

See houses for sale in Varsity Lakes →See the Varsity Lakes property market →

1 Babu Street

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

31 Roundelay Drive

39 Brier Crescent

9 Gainsborough Drive

15 Comore Drive

21 Cumberland Drive

40 Gerona Circuit

8 Cumberland Drive

56 Southlake Drive

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 1 Babu Street sit?