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.

9 Gainsborough Drive

Sold 14 September 2026 · 0.56 km away

Sold for

$1,400,000

Adjusted to this home

$1,388,441

What we added and subtracted to make this sale comparable to 12 Lakeridge Drive
Street	this home 0.016 · comparable 0.0386	−$25,312
Micro-location	this home 0.0437 · comparable 0.0223	+$23,968
Floor area	this home 135 m² · comparable 145 m²	−$20,592
Distance to beach	this home 3.37 km · comparable 3.92 km	+$13,860
Year built	this home 1988 · comparable 1995	−$13,597
Land size	this home 706 m² · comparable 405 m²	+$10,114
Net adjustment		−$11,559

A further 12 factors were compared and found the same on both properties, so no money moved.

31 Roundelay Drive

Sold 30 July 2026 · 0.79 km away

Sold for

$1,380,000

Adjusted to this home

$1,360,104

What we added and subtracted to make this sale comparable to 12 Lakeridge Drive
Bedrooms	this home 3 · comparable 4	−$73,644
Street	this home 0.016 · comparable -0.023	+$43,056
Floor area	this home 135 m² · comparable 151.3 m²	−$33,565
Cladding	this home 3 · comparable 2	+$20,000
Micro-location	this home 0.0437 · comparable 0.0311	+$13,910
Year built	this home 1988 · comparable 1994	−$11,654
Land size	this home 706 m² · comparable 420 m²	+$9,610
Pool	this home 1 · comparable 0	+$6,926
Distance to beach	this home 3.37 km · comparable 3.59 km	+$5,465
Net adjustment		−$19,896

A further 9 factors were compared and found the same on both properties, so no money moved.

8 Cumberland Drive

Sold 3 June 2026 · 0.23 km away

Sold for

$1,415,000

Adjusted to this home

$1,322,687

What we added and subtracted to make this sale comparable to 12 Lakeridge Drive
Floor area	this home 135 m² · comparable 167.88 m²	−$67,706
Street	this home 0.016 · comparable 0.0563	−$45,619
Cladding	this home 3 · comparable 2	+$20,000
Year built	this home 1988 · comparable 1992	−$7,770
Pool	this home 1 · comparable 0	+$6,926
Distance to beach	this home 3.37 km · comparable 3.55 km	+$4,585
Micro-location	this home 0.0437 · comparable 0.0462	−$2,830
Land size	this home 706 m² · comparable 703 m²	+$101
Net adjustment		−$92,313

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

28 Pristine Court

Sold 8 October 2026 · 0.95 km away

Sold for

$1,170,000

Adjusted to this home

$1,213,510

What we added and subtracted to make this sale comparable to 12 Lakeridge Drive
Street	this home 0.016 · comparable -0.0146	+$28,642
Cladding	this home 3 · comparable 2	+$20,000
Floor area	this home 135 m² · comparable 141.71 m²	−$13,818
Year built	this home 1988 · comparable 1995	−$13,597
Land size	this home 706 m² · comparable 414 m²	+$9,811
Micro-location	this home 0.0437 · comparable 0.0342	+$8,892
Distance to beach	this home 3.37 km · comparable 3.54 km	+$3,580
Net adjustment		+$43,510

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

3 Massachusetts Court

Sold 22 July 2026 · 0.90 km away

Sold for

$1,400,000

Adjusted to this home

$1,298,225

What we added and subtracted to make this sale comparable to 12 Lakeridge Drive
Bedrooms	this home 3 · comparable 4	−$73,644
Street	this home 0.016 · comparable 0.0616	−$51,072
Floor area	this home 135 m² · comparable 120.1 m²	+$30,682
Cladding	this home 3 · comparable 2	+$20,000
Year built	this home 1988 · comparable 1996	−$15,539
Micro-location	this home 0.0437 · comparable 0.0574	−$15,344
Land size	this home 706 m² · comparable 410 m²	+$9,946
Distance to beach	this home 3.37 km · comparable 3.1 km	−$6,804
Net adjustment		−$101,775

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

6 Pristine Court

Sold 30 June 2026 · 0.90 km away

Sold for

$1,220,000

Adjusted to this home

$1,293,257

What we added and subtracted to make this sale comparable to 12 Lakeridge Drive
Micro-location	this home 0.0437 · comparable 0.0126	+$30,354
Street	this home 0.016 · comparable -0.0146	+$29,866
Cladding	this home 3 · comparable 2	+$20,000
Floor area	this home 135 m² · comparable 143.96 m²	−$18,450
Year built	this home 1988 · comparable 1994	−$11,654
Land size	this home 706 m² · comparable 426 m²	+$9,408
Pool	this home 1 · comparable 0	+$6,926
Distance to beach	this home 3.37 km · comparable 3.68 km	+$6,807
Net adjustment		+$73,257

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

3 Dorothy Place

Sold 27 March 2026 · 0.66 km away

Sold for

$1,300,000

Adjusted to this home

$1,333,438

What we added and subtracted to make this sale comparable to 12 Lakeridge Drive
Cladding	this home 3 · comparable 2	+$20,000
Year built	this home 1988 · comparable 1995	−$13,597
Floor area	this home 135 m² · comparable 129.58 m²	+$11,161
Distance to beach	this home 3.37 km · comparable 3.81 km	+$10,296
Land size	this home 706 m² · comparable 410 m²	+$9,946
Micro-location	this home 0.0437 · comparable 0.0479	−$4,368
Net adjustment		+$33,438

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

4 Barbie Avenue

Sold 5 August 2026 · 0.76 km away

Sold for

$1,515,000

Adjusted to this home

$1,307,642

What we added and subtracted to make this sale comparable to 12 Lakeridge Drive
Bedrooms	this home 3 · comparable 4	−$73,644
Car spaces	this home 2 · comparable 4	−$64,000
Floor area	this home 135 m² · comparable 151 m²	−$32,947
Year built	this home 1988 · comparable 1999	−$21,366
Cladding	this home 3 · comparable 4	−$20,000
Distance to beach	this home 3.37 km · comparable 3.98 km	+$16,634
Micro-location	this home 0.0437 · comparable 0.0574	−$16,605
Land size	this home 706 m² · comparable 570 m²	+$4,570
Net adjustment		−$207,358

A further 9 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 12 Lakeridge Drive 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 12 Lakeridge Drive 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

16 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 →

12 Lakeridge Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

9 Gainsborough Drive

31 Roundelay Drive

8 Cumberland Drive

28 Pristine Court

3 Massachusetts Court

6 Pristine Court

3 Dorothy Place

4 Barbie Avenue

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 12 Lakeridge Drive sit?