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 · 0.48 km away

Sold for

$1,400,000

Adjusted to this home

$1,410,932

What we added and subtracted to make this sale comparable to 27 Lakeridge Drive
Street	this home 0.016 · comparable 0.0386	−$25,312
Micro-location	this home 0.0438 · comparable 0.0223	+$24,080
Cladding	this home 2 · comparable 3	−$14,868
Floor area	this home 151 m² · comparable 145 m²	+$14,573
Distance to beach	this home 3.45 km · comparable 3.92 km	+$11,844
Land size	this home 652 m² · comparable 405 m²	+$10,868
Year built	this home 1987 · comparable 1995	−$10,253
Net adjustment		+$10,932

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

8 Cumberland Drive

Sold 3 June 2026 · 0.20 km away

Sold for

$1,415,000

Adjusted to this home

$1,383,561

What we added and subtracted to make this sale comparable to 27 Lakeridge Drive
Pool	this home 1 · comparable 0	+$64,000
Street	this home 0.016 · comparable 0.0563	−$45,619
Floor area	this home 151 m² · comparable 167.88 m²	−$40,998
Year built	this home 1987 · comparable 1992	−$6,408
Micro-location	this home 0.0438 · comparable 0.0462	−$2,717
Distance to beach	this home 3.45 km · comparable 3.55 km	+$2,547
Land size	this home 652 m² · comparable 703 m²	−$2,244
Net adjustment		−$31,439

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

3 Massachusetts Court

Sold 22 July 2026 · 0.95 km away

Sold for

$1,400,000

Adjusted to this home

$1,336,095

What we added and subtracted to make this sale comparable to 27 Lakeridge Drive
Floor area	this home 151 m² · comparable 120.1 m²	+$75,050
Bedrooms	this home 3 · comparable 4	−$62,945
Street	this home 0.016 · comparable 0.0616	−$51,072
Micro-location	this home 0.0438 · comparable 0.0574	−$15,232
Year built	this home 1987 · comparable 1996	−$11,534
Land size	this home 652 m² · comparable 410 m²	+$10,648
Distance to beach	this home 3.45 km · comparable 3.1 km	−$8,820
Net adjustment		−$63,905

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

3 Dorothy Place

Sold 27 March 2026 · 0.63 km away

Sold for

$1,300,000

Adjusted to this home

$1,356,580

What we added and subtracted to make this sale comparable to 27 Lakeridge Drive
Floor area	this home 151 m² · comparable 129.58 m²	+$52,025
Land size	this home 652 m² · comparable 410 m²	+$10,648
Year built	this home 1987 · comparable 1995	−$10,253
Distance to beach	this home 3.45 km · comparable 3.81 km	+$8,424
Micro-location	this home 0.0438 · comparable 0.0479	−$4,264
Net adjustment		+$56,580

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

16 Stanford Avenue

Sold 25 September 2026 · 0.80 km away

Sold for

$1,185,000

Adjusted to this home

$1,199,720

What we added and subtracted to make this sale comparable to 27 Lakeridge Drive
Pool	this home 1 · comparable 0	+$64,000
Micro-location	this home 0.0438 · comparable 0.0704	−$25,217
Cladding	this home 2 · comparable 3	−$14,868
Distance to beach	this home 3.45 km · comparable 2.9 km	−$11,731
Year built	this home 1987 · comparable 1996	−$11,534
Land size	this home 652 m² · comparable 420 m²	+$10,208
Floor area	this home 151 m² · comparable 149.41 m²	+$3,862
Net adjustment		+$14,720

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

31 Roundelay Drive

Sold 30 July 2026 · 0.80 km away

Sold for

$1,380,000

Adjusted to this home

$1,442,118

What we added and subtracted to make this sale comparable to 27 Lakeridge Drive
Pool	this home 1 · comparable 0	+$64,000
Bedrooms	this home 3 · comparable 4	−$62,945
Street	this home 0.016 · comparable -0.023	+$43,056
Micro-location	this home 0.0438 · comparable 0.0311	+$14,021
Land size	this home 652 m² · comparable 420 m²	+$10,208
Year built	this home 1987 · comparable 1994	−$8,971
Distance to beach	this home 3.45 km · comparable 3.59 km	+$3,478
Floor area	this home 151 m² · comparable 151.3 m²	−$729
Net adjustment		+$62,118

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

4 Barbie Avenue

Sold 5 August 2026 · 0.71 km away

Sold for

$1,515,000

Adjusted to this home

$1,344,518

What we added and subtracted to make this sale comparable to 27 Lakeridge Drive
Car spaces	this home 2 · comparable 4	−$64,000
Bedrooms	this home 3 · comparable 4	−$62,945
Cladding	this home 2 · comparable 4	−$29,736
Micro-location	this home 0.0438 · comparable 0.0574	−$16,483
Year built	this home 1987 · comparable 1999	−$15,379
Distance to beach	this home 3.45 km · comparable 3.98 km	+$14,453
Land size	this home 652 m² · comparable 570 m²	+$3,608
Net adjustment		−$170,482

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

$1,232,305

What we added and subtracted to make this sale comparable to 27 Lakeridge Drive
Street	this home 0.016 · comparable -0.0146	+$28,642
Floor area	this home 151 m² · comparable 141.71 m²	+$22,563
Land size	this home 652 m² · comparable 414 m²	+$10,472
Year built	this home 1987 · comparable 1995	−$10,253
Micro-location	this home 0.0438 · comparable 0.0342	+$8,986
Distance to beach	this home 3.45 km · comparable 3.54 km	+$1,895
Net adjustment		+$62,305

A further 12 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 27 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 27 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 →

27 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

8 Cumberland Drive

3 Massachusetts Court

3 Dorothy Place

16 Stanford Avenue

31 Roundelay Drive

4 Barbie Avenue

28 Pristine Court

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 27 Lakeridge Drive sit?