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.

13 Saint Paul Crescent

Sold 31 August 2026 · 1.10 km away

Sold for

$1,590,000

Adjusted to this home

$1,579,701

What we added and subtracted to make this sale comparable to 4 Magenta Drive
Micro-location	this home 0.0229 · comparable 0.15	−$161,671
Condition	this home 8 · comparable 9	−$95,400
Land size	this home 640 m² · comparable 449 m²	+$82,818
Bathrooms	this home 3 · comparable 2	+$81,348
Pool	this home 1 · comparable 0	+$64,000
Floor area	this home 304 m² · comparable 241.24 m²	+$56,585
Storeys	this home 1 · comparable 2	−$40,000
Year built	this home 2001 · comparable 2003	−$7,602
Distance to beach	this home 4.08 km · comparable 4.43 km	+$7,346
Bedrooms	this home 6 · comparable 5	+$2,277
Net adjustment		−$10,299

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

17 North Shore Avenue

Sold 22 April 2026 · 0.13 km away

Sold for

$1,685,000

Adjusted to this home

$1,634,160

What we added and subtracted to make this sale comparable to 4 Magenta Drive
Street	this home 0.0361 · comparable 0.1355	−$133,991
Land size	this home 640 m² · comparable 411 m²	+$99,294
Storeys	this home 1 · comparable 2	−$40,000
Cladding	this home 3 · comparable 1	+$40,000
Car spaces	this home 2 · comparable 3	−$32,000
Floor area	this home 304 m² · comparable 289.47 m²	+$13,100
Micro-location	this home 0.0229 · comparable 0.021	+$2,562
Bedrooms	this home 6 · comparable 5	+$2,277
Distance to beach	this home 4.08 km · comparable 3.99 km	−$2,082
Net adjustment		−$50,840

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

95 Bayswater Ave

Sold 7 March 2026 · 0.77 km away

Sold for

$1,682,500

Adjusted to this home

$1,558,992

What we added and subtracted to make this sale comparable to 4 Magenta Drive
Micro-location	this home 0.0229 · comparable 0.116	−$125,313
Condition	this home 8 · comparable 9	−$100,950
Land size	this home 640 m² · comparable 488 m²	+$65,907
Pool	this home 1 · comparable 0	+$64,000
Storeys	this home 1 · comparable 2	−$40,000
Distance to beach	this home 4.08 km · comparable 4.5 km	+$9,328
Floor area	this home 304 m² · comparable 294.19 m²	+$8,845
Year built	this home 2001 · comparable 2003	−$7,602
Bedrooms	this home 6 · comparable 5	+$2,277
Net adjustment		−$123,508

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

1 Jurien Crescent

Sold 14 October 2025 · 0.62 km away

Sold for

$1,400,000

Adjusted to this home

$1,404,655

What we added and subtracted to make this sale comparable to 4 Magenta Drive
Micro-location	this home 0.0229 · comparable 0.0906	−$75,824
Land size	this home 640 m² · comparable 492 m²	+$64,173
Pool	this home 1 · comparable 0	+$64,000
Year built	this home 2001 · comparable 2011	−$38,008
Floor area	this home 304 m² · comparable 340 m²	−$32,458
Cladding	this home 3 · comparable 2	+$20,000
Distance to beach	this home 4.08 km · comparable 4.23 km	+$2,772
Net adjustment		+$4,655

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

18 Blue Ridge Crescent

Sold 12 November 2025 · 0.27 km away

Sold for

$1,775,000

Adjusted to this home

$1,790,951

What we added and subtracted to make this sale comparable to 4 Magenta Drive
Condition	this home 8 · comparable 9	−$106,500
Floor area	this home 304 m² · comparable 208.22 m²	+$86,355
Land size	this home 640 m² · comparable 500 m²	+$60,704
Storeys	this home 1 · comparable 2	−$40,000
Cladding	this home 3 · comparable 2	+$20,000
Micro-location	this home 0.0229 · comparable 0.0306	−$10,934
Distance to beach	this home 4.08 km · comparable 4.35 km	+$6,326
Net adjustment		+$15,951

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

27 South Bay Drive

Sold 27 January 2026 · 0.66 km away

Sold for

$1,850,000

Adjusted to this home

$1,777,182

What we added and subtracted to make this sale comparable to 4 Magenta Drive
Land size	this home 640 m² · comparable 367 m²	+$118,373
Condition	this home 8 · comparable 9	−$111,000
Micro-location	this home 0.0229 · comparable 0.086	−$93,388
Floor area	this home 304 m² · comparable 214.21 m²	+$80,954
Pool	this home 1 · comparable 0	+$64,000
Street	this home 0.0361 · comparable 0.064	−$41,292
Storeys	this home 1 · comparable 2	−$40,000
Year built	this home 2001 · comparable 2010	−$34,207
Cladding	this home 3 · comparable 4	−$20,000
Bedrooms	this home 6 · comparable 5	+$2,277
Distance to beach	this home 4.08 km · comparable 4.14 km	+$1,465
Net adjustment		−$72,818

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

17 Valetta Crescent

Sold 19 November 2025 · 0.98 km away

Sold for

$2,070,000

Adjusted to this home

$1,660,927

What we added and subtracted to make this sale comparable to 4 Magenta Drive
Water views	this home 0 · comparable 1	−$228,978
Micro-location	this home 0.0229 · comparable 0.15	−$210,478
Condition	this home 8 · comparable 9	−$124,200
Floor area	this home 304 m² · comparable 212.36 m²	+$82,622
Bathrooms	this home 3 · comparable 2	+$81,348
Land size	this home 640 m² · comparable 546 m²	+$40,758
Storeys	this home 1 · comparable 2	−$40,000
Year built	this home 2001 · comparable 2007	−$22,805
Distance to beach	this home 4.08 km · comparable 4.46 km	+$10,383
Bedrooms	this home 6 · comparable 5	+$2,277
Net adjustment		−$409,073

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 4 Magenta 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 4 Magenta 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 →

4 Magenta Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 7 sales behind that range — and every adjustment

13 Saint Paul Crescent

17 North Shore Avenue

95 Bayswater Ave

1 Jurien Crescent

18 Blue Ridge Crescent

27 South Bay Drive

17 Valetta Crescent

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 4 Magenta Drive sit?