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 Dorothy Place

Sold 27 March 2026 · 0.12 km away

Sold for

$1,300,000

Adjusted to this home

$1,441,474

What we added and subtracted to make this sale comparable to 47 Cumberland Drive
Bedrooms	this home 4 · comparable 3	+$101,414
Cladding	this home 3 · comparable 2	+$31,393
Floor area	this home 149 m² · comparable 129.58 m²	+$25,603
Year built	this home 1993 · comparable 1995	−$8,576
Micro-location	this home 0.0409 · comparable 0.0479	−$7,280
Distance to beach	this home 3.89 km · comparable 3.81 km	−$1,872
Land size	this home 428 m² · comparable 410 m²	+$792
Net adjustment		+$141,474

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

9 Gainsborough Drive

Sold 14 September 2026 · 0.56 km away

Sold for

$1,400,000

Adjusted to this home

$1,540,536

What we added and subtracted to make this sale comparable to 47 Cumberland Drive
Bedrooms	this home 4 · comparable 3	+$101,414
Micro-location	this home 0.0409 · comparable 0.0223	+$20,832
Street	this home 0.0563 · comparable 0.0386	+$19,824
Year built	this home 1993 · comparable 1995	−$8,576
Floor area	this home 149 m² · comparable 145 m²	+$5,274
Land size	this home 428 m² · comparable 405 m²	+$1,012
Distance to beach	this home 3.89 km · comparable 3.92 km	+$756
Net adjustment		+$140,536

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

4 Barbie Avenue

Sold 5 August 2026 · 0.17 km away

Sold for

$1,515,000

Adjusted to this home

$1,336,239

What we added and subtracted to make this sale comparable to 47 Cumberland Drive
Car spaces	this home 2 · comparable 4	−$95,211
Cladding	this home 3 · comparable 4	−$31,393
Year built	this home 1993 · comparable 1999	−$25,728
Micro-location	this home 0.0409 · comparable 0.0574	−$19,998
Land size	this home 428 m² · comparable 570 m²	−$6,248
Floor area	this home 149 m² · comparable 151 m²	−$2,637
Distance to beach	this home 3.89 km · comparable 3.98 km	+$2,454
Net adjustment		−$178,761

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

31 Roundelay Drive

Sold 30 July 2026 · 0.38 km away

Sold for

$1,380,000

Adjusted to this home

$1,538,540

What we added and subtracted to make this sale comparable to 47 Cumberland Drive
Street	this home 0.0563 · comparable -0.023	+$87,547
Pool	this home 1 · comparable 0	+$43,201
Cladding	this home 3 · comparable 2	+$31,393
Micro-location	this home 0.0409 · comparable 0.0311	+$10,819
Distance to beach	this home 3.89 km · comparable 3.59 km	−$7,452
Year built	this home 1993 · comparable 1994	−$4,288
Floor area	this home 149 m² · comparable 151.3 m²	−$3,032
Land size	this home 428 m² · comparable 420 m²	+$352
Net adjustment		+$158,540

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

8 Cumberland Drive

Sold 3 June 2026 · 0.55 km away

Sold for

$1,415,000

Adjusted to this home

$1,543,645

What we added and subtracted to make this sale comparable to 47 Cumberland Drive
Bedrooms	this home 4 · comparable 3	+$101,414
Pool	this home 1 · comparable 0	+$43,201
Cladding	this home 3 · comparable 2	+$31,393
Floor area	this home 149 m² · comparable 167.88 m²	−$24,891
Land size	this home 428 m² · comparable 703 m²	−$12,100
Distance to beach	this home 3.89 km · comparable 3.55 km	−$8,660
Micro-location	this home 0.0409 · comparable 0.0462	−$6,000
Year built	this home 1993 · comparable 1992	+$4,288
Net adjustment		+$128,645

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

28 Pristine Court

Sold 8 October 2026 · 0.54 km away

Sold for

$1,170,000

Adjusted to this home

$1,369,720

What we added and subtracted to make this sale comparable to 47 Cumberland Drive
Bedrooms	this home 4 · comparable 3	+$101,414
Street	this home 0.0563 · comparable -0.0146	+$66,362
Cladding	this home 3 · comparable 2	+$31,393
Floor area	this home 149 m² · comparable 141.71 m²	+$9,611
Year built	this home 1993 · comparable 1995	−$8,576
Distance to beach	this home 3.89 km · comparable 3.54 km	−$7,371
Micro-location	this home 0.0409 · comparable 0.0342	+$6,271
Land size	this home 428 m² · comparable 414 m²	+$616
Net adjustment		+$199,720

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

4 Pascali Court

Sold 5 August 2026 · 0.39 km away

Sold for

$1,150,000

Adjusted to this home

$1,412,699

What we added and subtracted to make this sale comparable to 47 Cumberland Drive
Bedrooms	this home 4 · comparable 3	+$101,414
Street	this home 0.0563 · comparable -0.0364	+$85,284
Cladding	this home 3 · comparable 2	+$31,393
Floor area	this home 149 m² · comparable 125.33 m²	+$31,206
Micro-location	this home 0.0409 · comparable 0.0123	+$26,312
Year built	this home 1993 · comparable 1995	−$8,576
Distance to beach	this home 3.89 km · comparable 3.67 km	−$4,554
Land size	this home 428 m² · comparable 423 m²	+$220
Net adjustment		+$262,699

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

56 Southlake Drive

Sold 21 July 2026 · 0.14 km away

Sold for

$1,660,000

Adjusted to this home

$1,610,755

What we added and subtracted to make this sale comparable to 47 Cumberland Drive
Car spaces	this home 2 · comparable 3	−$47,606
Floor area	this home 149 m² · comparable 133 m²	+$21,094
Air conditioning	this home 0 · comparable 1	−$20,000
Street	this home 0.0563 · comparable 0.0515	+$6,374
Micro-location	this home 0.0409 · comparable 0.0447	−$5,046
Distance to beach	this home 3.89 km · comparable 3.76 km	−$3,885
Land size	this home 428 m² · comparable 432 m²	−$176
Net adjustment		−$49,245

A further 11 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 47 Cumberland 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 47 Cumberland 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 →

47 Cumberland 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 Dorothy Place

9 Gainsborough Drive

4 Barbie Avenue

31 Roundelay Drive

8 Cumberland Drive

28 Pristine Court

4 Pascali Court

56 Southlake Drive

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 47 Cumberland Drive sit?