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.

8 Cumberland Drive

Sold 3 June 2026 · 0.23 km away

Sold for

$1,415,000

Adjusted to this home

$1,434,432

What we added and subtracted to make this sale comparable to 16 Lakeridge Drive
Condition	this home 8 · comparable 7	+$56,600
Street	this home 0.016 · comparable 0.0563	−$45,619
Cladding	this home 3 · comparable 2	+$20,000
Year built	this home 1990 · comparable 1992	−$7,883
Floor area	this home 165 m² · comparable 167.88 m²	−$7,322
Distance to beach	this home 3.4 km · comparable 3.55 km	+$3,821
Micro-location	this home 0.0434 · comparable 0.0462	−$3,170
Land size	this home 723 m² · comparable 703 m²	+$1,616
Pool	this home 1 · comparable 0	+$1,389
Net adjustment		+$19,432

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

9 Gainsborough Drive

Sold 14 September 2026 · 0.53 km away

Sold for

$1,400,000

Adjusted to this home

$1,468,258

What we added and subtracted to make this sale comparable to 16 Lakeridge Drive
Floor area	this home 165 m² · comparable 145 m²	+$50,848
Land size	this home 723 m² · comparable 405 m²	+$25,694
Street	this home 0.016 · comparable 0.0386	−$25,312
Micro-location	this home 0.0434 · comparable 0.0223	+$23,632
Year built	this home 1990 · comparable 1995	−$19,708
Distance to beach	this home 3.4 km · comparable 3.92 km	+$13,104
Net adjustment		+$68,258

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

18 Massachusetts Court

Sold 9 July 2026 · 0.83 km away

Sold for

$1,450,000

Adjusted to this home

$1,370,692

What we added and subtracted to make this sale comparable to 16 Lakeridge Drive
Floor area	this home 165 m² · comparable 137 m²	+$71,187
Street	this home 0.016 · comparable 0.0616	−$52,896
Bedrooms	this home 3 · comparable 4	−$43,911
Year built	this home 1990 · comparable 1997	−$27,591
Micro-location	this home 0.0434 · comparable 0.0654	−$25,520
Distance to beach	this home 3.4 km · comparable 3.09 km	−$8,091
Land size	this home 723 m² · comparable 630 m²	+$7,514
Net adjustment		−$79,308

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

16 Stanford Avenue

Sold 25 September 2026 · 0.76 km away

Sold for

$1,185,000

Adjusted to this home

$1,237,996

What we added and subtracted to make this sale comparable to 16 Lakeridge Drive
Condition	this home 8 · comparable 7	+$47,400
Floor area	this home 165 m² · comparable 149.41 m²	+$39,636
Micro-location	this home 0.0434 · comparable 0.0704	−$25,596
Land size	this home 723 m² · comparable 420 m²	+$24,482
Year built	this home 1990 · comparable 1996	−$23,650
Distance to beach	this home 3.4 km · comparable 2.9 km	−$10,665
Pool	this home 1 · comparable 0	+$1,389
Net adjustment		+$52,996

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

31 Roundelay Drive

Sold 30 July 2026 · 0.81 km away

Sold for

$1,380,000

Adjusted to this home

$1,462,380

What we added and subtracted to make this sale comparable to 16 Lakeridge Drive
Bedrooms	this home 3 · comparable 4	−$43,911
Street	this home 0.016 · comparable -0.023	+$43,056
Floor area	this home 165 m² · comparable 151.3 m²	+$34,831
Land size	this home 723 m² · comparable 420 m²	+$24,482
Cladding	this home 3 · comparable 2	+$20,000
Year built	this home 1990 · comparable 1994	−$15,766
Micro-location	this home 0.0434 · comparable 0.0311	+$13,579
Distance to beach	this home 3.4 km · comparable 3.59 km	+$4,720
Pool	this home 1 · comparable 0	+$1,389
Net adjustment		+$82,380

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

3 Massachusetts Court

Sold 22 July 2026 · 0.93 km away

Sold for

$1,400,000

Adjusted to this home

$1,473,571

What we added and subtracted to make this sale comparable to 16 Lakeridge Drive
Floor area	this home 165 m² · comparable 120.1 m²	+$114,154
Condition	this home 8 · comparable 7	+$56,000
Street	this home 0.016 · comparable 0.0616	−$51,072
Bedrooms	this home 3 · comparable 4	−$43,911
Land size	this home 723 m² · comparable 410 m²	+$25,290
Year built	this home 1990 · comparable 1996	−$23,650
Cladding	this home 3 · comparable 2	+$20,000
Micro-location	this home 0.0434 · comparable 0.0574	−$15,680
Distance to beach	this home 3.4 km · comparable 3.1 km	−$7,560
Net adjustment		+$73,571

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

6 Pristine Court

Sold 30 June 2026 · 0.91 km away

Sold for

$1,220,000

Adjusted to this home

$1,369,189

What we added and subtracted to make this sale comparable to 16 Lakeridge Drive
Floor area	this home 165 m² · comparable 143.96 m²	+$53,492
Micro-location	this home 0.0434 · comparable 0.0126	+$30,061
Street	this home 0.016 · comparable -0.0146	+$29,866
Land size	this home 723 m² · comparable 426 m²	+$23,998
Cladding	this home 3 · comparable 2	+$20,000
Year built	this home 1990 · comparable 1994	−$15,766
Distance to beach	this home 3.4 km · comparable 3.68 km	+$6,149
Pool	this home 1 · comparable 0	+$1,389
Net adjustment		+$149,189

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

28 Pristine Court

Sold 8 October 2026 · 0.97 km away

Sold for

$1,170,000

Adjusted to this home

$1,341,474

What we added and subtracted to make this sale comparable to 16 Lakeridge Drive
Floor area	this home 165 m² · comparable 141.71 m²	+$59,213
Condition	this home 8 · comparable 7	+$46,800
Street	this home 0.016 · comparable -0.0146	+$28,642
Land size	this home 723 m² · comparable 414 m²	+$24,967
Cladding	this home 3 · comparable 2	+$20,000
Year built	this home 1990 · comparable 1995	−$19,708
Micro-location	this home 0.0434 · comparable 0.0342	+$8,611
Distance to beach	this home 3.4 km · comparable 3.54 km	+$2,949
Net adjustment		+$171,474

A further 10 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 16 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 16 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

19 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 →

16 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

8 Cumberland Drive

9 Gainsborough Drive

18 Massachusetts Court

16 Stanford Avenue

31 Roundelay Drive

3 Massachusetts Court

6 Pristine Court

28 Pristine Court

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 16 Lakeridge Drive sit?