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.

3 Massachusetts Court

Sold 22 July 2026 · 1.02 km away

Sold for

$1,400,000

Adjusted to this home

$1,437,589

What we added and subtracted to make this sale comparable to 24 Lakeridge Drive
Floor area	this home 167 m² · comparable 120.1 m²	+$115,937
Pool	this home 0 · comparable 1	−$64,000
Bedrooms	this home 5 · comparable 4	+$54,635
Street	this home 0.016 · comparable 0.0616	−$51,072
Cladding	this home 3 · comparable 2	+$20,221
Micro-location	this home 0.0405 · comparable 0.0574	−$18,928
Year built	this home 1987 · comparable 1996	−$14,342
Distance to beach	this home 3.4 km · comparable 3.1 km	−$7,560
Land size	this home 691 m² · comparable 410 m²	+$2,698
Net adjustment		+$37,589

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

4 Barbie Avenue

Sold 5 August 2026 · 0.82 km away

Sold for

$1,515,000

Adjusted to this home

$1,438,340

What we added and subtracted to make this sale comparable to 24 Lakeridge Drive
Car spaces	this home 2 · comparable 4	−$64,000
Pool	this home 0 · comparable 1	−$64,000
Bedrooms	this home 5 · comparable 4	+$54,635
Floor area	this home 167 m² · comparable 151 m²	+$39,552
Micro-location	this home 0.0405 · comparable 0.0574	−$20,482
Cladding	this home 3 · comparable 4	−$20,221
Year built	this home 1987 · comparable 1999	−$19,123
Distance to beach	this home 3.4 km · comparable 3.98 km	+$15,817
Land size	this home 691 m² · comparable 570 m²	+$1,162
Net adjustment		−$76,660

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

18 Massachusetts Court

Sold 9 July 2026 · 0.91 km away

Sold for

$1,450,000

Adjusted to this home

$1,409,574

What we added and subtracted to make this sale comparable to 24 Lakeridge Drive
Floor area	this home 167 m² · comparable 137 m²	+$74,160
Pool	this home 0 · comparable 1	−$64,000
Bedrooms	this home 5 · comparable 4	+$54,635
Street	this home 0.016 · comparable 0.0616	−$52,896
Micro-location	this home 0.0405 · comparable 0.0654	−$28,884
Year built	this home 1987 · comparable 1997	−$15,936
Distance to beach	this home 3.4 km · comparable 3.09 km	−$8,091
Land size	this home 691 m² · comparable 630 m²	+$586
Net adjustment		−$40,426

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

5 Pristine Court

Sold 21 November 2025 · 0.99 km away

Sold for

$1,490,000

Adjusted to this home

$1,422,776

What we added and subtracted to make this sale comparable to 24 Lakeridge Drive
Floor area	this home 167 m² · comparable 225 m²	−$143,376
Pool	this home 0 · comparable 1	−$64,000
Bedrooms	this home 5 · comparable 4	+$54,635
Street	this home 0.016 · comparable -0.0146	+$36,475
Micro-location	this home 0.0405 · comparable 0.0136	+$32,065
Cladding	this home 3 · comparable 2	+$20,221
Year built	this home 1987 · comparable 1996	−$14,342
Distance to beach	this home 3.4 km · comparable 3.71 km	+$8,314
Land size	this home 691 m² · comparable 401 m²	+$2,784
Net adjustment		−$67,224

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

16 Dartmouth Court

Sold 9 December 2025 · 0.97 km away

Sold for

$1,300,000

Adjusted to this home

$1,414,841

What we added and subtracted to make this sale comparable to 24 Lakeridge Drive
Bedrooms	this home 5 · comparable 4	+$54,635
Floor area	this home 167 m² · comparable 147.57 m²	+$48,031
Street	this home 0.016 · comparable -0.0087	+$25,688
Cladding	this home 3 · comparable 2	+$20,221
Micro-location	this home 0.0405 · comparable 0.0576	−$17,784
Year built	this home 1987 · comparable 1997	−$15,936
Distance to beach	this home 3.4 km · comparable 3.28 km	−$2,808
Land size	this home 691 m² · comparable 400 m²	+$2,794
Net adjustment		+$114,841

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

20 Daryl Drive

Sold 29 October 2025 · 0.66 km away

Sold for

$1,570,000

Adjusted to this home

$1,421,460

What we added and subtracted to make this sale comparable to 24 Lakeridge Drive
Floor area	this home 167 m² · comparable 201.88 m²	−$86,223
Street	this home 0.016 · comparable 0.0704	−$68,326
Pool	this home 0 · comparable 1	−$64,000
Bedrooms	this home 5 · comparable 4	+$54,635
Distance to beach	this home 3.4 km · comparable 4.03 km	+$17,578
Year built	this home 1987 · comparable 1998	−$17,530
Micro-location	this home 0.0405 · comparable 0.0291	+$14,318
Land size	this home 691 m² · comparable 586 m²	+$1,008
Net adjustment		−$148,540

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

31 Roundelay Drive

Sold 30 July 2026 · 0.91 km away

Sold for

$1,380,000

Adjusted to this home

$1,543,267

What we added and subtracted to make this sale comparable to 24 Lakeridge Drive
Bedrooms	this home 5 · comparable 4	+$54,635
Street	this home 0.016 · comparable -0.023	+$43,056
Floor area	this home 167 m² · comparable 151.3 m²	+$38,810
Cladding	this home 3 · comparable 2	+$20,221
Year built	this home 1987 · comparable 1994	−$11,155
Micro-location	this home 0.0405 · comparable 0.0311	+$10,378
Distance to beach	this home 3.4 km · comparable 3.59 km	+$4,720
Land size	this home 691 m² · comparable 420 m²	+$2,602
Net adjustment		+$163,267

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

56 Southlake Drive

Sold 21 July 2026 · 0.74 km away

Sold for

$1,660,000

Adjusted to this home

$1,633,642

What we added and subtracted to make this sale comparable to 24 Lakeridge Drive
Floor area	this home 167 m² · comparable 133 m²	+$84,048
Pool	this home 0 · comparable 1	−$64,000
Bedrooms	this home 5 · comparable 4	+$54,635
Street	this home 0.016 · comparable 0.0515	−$47,144
Car spaces	this home 2 · comparable 3	−$32,000
Air conditioning	this home 0 · comparable 1	−$20,000
Distance to beach	this home 3.4 km · comparable 3.76 km	+$10,757
Year built	this home 1987 · comparable 1993	−$9,562
Micro-location	this home 0.0405 · comparable 0.0447	−$5,578
Land size	this home 691 m² · comparable 432 m²	+$2,486
Net adjustment		−$26,358

A further 8 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 24 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 24 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

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 →

24 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

3 Massachusetts Court

4 Barbie Avenue

18 Massachusetts Court

5 Pristine Court

16 Dartmouth Court

20 Daryl Drive

31 Roundelay Drive

56 Southlake Drive

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 24 Lakeridge Drive sit?