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 · 0.88 km away

Sold for

$1,400,000

Adjusted to this home

$1,403,637

What we added and subtracted to make this sale comparable to 5 Lakeridge Drive
Land size	this home 651 m² · comparable 410 m²	+$106,040
Bedrooms	this home 3 · comparable 4	−$64,034
Condition	this home 8 · comparable 7	+$56,000
Street	this home 0.016 · comparable 0.0616	−$51,072
Year built	this home 1987 · comparable 1996	−$45,374
Floor area	this home 137 m² · comparable 120.1 m²	+$31,894
Pool	this home 0 · comparable 1	−$15,425
Micro-location	this home 0.0486 · comparable 0.0574	−$9,856
Distance to beach	this home 3.28 km · comparable 3.1 km	−$4,536
Net adjustment		+$3,637

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

8 Cumberland Drive

Sold 3 June 2026 · 0.32 km away

Sold for

$1,415,000

Adjusted to this home

$1,329,210

What we added and subtracted to make this sale comparable to 5 Lakeridge Drive
Floor area	this home 137 m² · comparable 167.88 m²	−$58,277
Condition	this home 8 · comparable 7	+$56,600
Street	this home 0.016 · comparable 0.0563	−$45,619
Year built	this home 1987 · comparable 1992	−$25,208
Land size	this home 651 m² · comparable 703 m²	−$22,880
Distance to beach	this home 3.28 km · comparable 3.55 km	+$6,877
Micro-location	this home 0.0486 · comparable 0.0462	+$2,717
Net adjustment		−$85,790

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

16 Stanford Avenue

Sold 25 September 2026 · 0.67 km away

Sold for

$1,185,000

Adjusted to this home

$1,233,712

What we added and subtracted to make this sale comparable to 5 Lakeridge Drive
Land size	this home 651 m² · comparable 420 m²	+$101,640
Condition	this home 8 · comparable 7	+$47,400
Year built	this home 1987 · comparable 1996	−$45,374
Floor area	this home 137 m² · comparable 149.41 m²	−$23,420
Micro-location	this home 0.0486 · comparable 0.0704	−$20,666
Distance to beach	this home 3.28 km · comparable 2.9 km	−$8,106
Cladding	this home 2 · comparable 3	−$2,762
Net adjustment		+$48,712

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

31 Roundelay Drive

Sold 30 July 2026 · 0.83 km away

Sold for

$1,380,000

Adjusted to this home

$1,425,405

What we added and subtracted to make this sale comparable to 5 Lakeridge Drive
Land size	this home 651 m² · comparable 420 m²	+$101,640
Bedrooms	this home 3 · comparable 4	−$64,034
Street	this home 0.016 · comparable -0.023	+$43,056
Year built	this home 1987 · comparable 1994	−$35,291
Floor area	this home 137 m² · comparable 151.3 m²	−$26,987
Micro-location	this home 0.0486 · comparable 0.0311	+$19,320
Distance to beach	this home 3.28 km · comparable 3.59 km	+$7,701
Net adjustment		+$45,405

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

9 Gainsborough Drive

Sold 14 September 2026 · 0.65 km away

Sold for

$1,400,000

Adjusted to this home

$1,454,894

What we added and subtracted to make this sale comparable to 5 Lakeridge Drive
Land size	this home 651 m² · comparable 405 m²	+$108,240
Year built	this home 1987 · comparable 1995	−$40,333
Micro-location	this home 0.0486 · comparable 0.0223	+$29,456
Street	this home 0.016 · comparable 0.0386	−$25,312
Distance to beach	this home 3.28 km · comparable 3.92 km	+$16,128
Pool	this home 0 · comparable 1	−$15,425
Floor area	this home 137 m² · comparable 145 m²	−$15,098
Cladding	this home 2 · comparable 3	−$2,762
Net adjustment		+$54,894

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

$1,304,029

What we added and subtracted to make this sale comparable to 5 Lakeridge Drive
Land size	this home 651 m² · comparable 414 m²	+$104,280
Condition	this home 8 · comparable 7	+$46,800
Year built	this home 1987 · comparable 1995	−$40,333
Street	this home 0.016 · comparable -0.0146	+$28,642
Pool	this home 0 · comparable 1	−$15,425
Micro-location	this home 0.0486 · comparable 0.0342	+$13,478
Floor area	this home 137 m² · comparable 141.71 m²	−$8,889
Distance to beach	this home 3.28 km · comparable 3.54 km	+$5,476
Net adjustment		+$134,029

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

36 Roundelay Drive

Sold 23 December 2025 · 0.75 km away

Sold for

$1,352,000

Adjusted to this home

$1,360,678

What we added and subtracted to make this sale comparable to 5 Lakeridge Drive
Land size	this home 651 m² · comparable 415 m²	+$103,840
Condition	this home 8 · comparable 9	−$81,120
Floor area	this home 137 m² · comparable 161 m²	−$45,293
Street	this home 0.016 · comparable -0.023	+$42,182
Year built	this home 1987 · comparable 1994	−$35,291
Micro-location	this home 0.0486 · comparable 0.0287	+$21,524
Distance to beach	this home 3.28 km · comparable 3.51 km	+$5,598
Cladding	this home 2 · comparable 3	−$2,762
Net adjustment		+$8,678

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

6 Pristine Court

Sold 30 June 2026 · 0.94 km away

Sold for

$1,220,000

Adjusted to this home

$1,344,360

What we added and subtracted to make this sale comparable to 5 Lakeridge Drive
Land size	this home 651 m² · comparable 426 m²	+$99,000
Year built	this home 1987 · comparable 1994	−$35,291
Micro-location	this home 0.0486 · comparable 0.0126	+$35,136
Street	this home 0.016 · comparable -0.0146	+$29,866
Floor area	this home 137 m² · comparable 143.96 m²	−$13,135
Distance to beach	this home 3.28 km · comparable 3.68 km	+$8,784
Net adjustment		+$124,360

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 5 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 5 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 →

5 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

8 Cumberland Drive

16 Stanford Avenue

31 Roundelay Drive

9 Gainsborough Drive

28 Pristine Court

36 Roundelay Drive

6 Pristine Court

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 5 Lakeridge Drive sit?