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.

21 Cumberland Drive

Sold 4 December 2025 · 0.05 km away

Sold for

$1,450,000

Adjusted to this home

$1,477,640

What we added and subtracted to make this sale comparable to 5 Largo Place
Bedrooms	this home 4 · comparable 3	+$98,084
Condition	this home 8 · comparable 9	−$87,000
Floor area	this home 187 m² · comparable 157 m²	+$63,384
Pool	this home 0 · comparable 1	−$56,024
Land size	this home 485 m² · comparable 467 m²	+$7,920
Distance to beach	this home 3.6 km · comparable 3.64 km	+$1,044
Micro-location	this home 0.0429 · comparable 0.0427	+$232
Net adjustment		+$27,640

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

31 Roundelay Drive

Sold 30 July 2026 · 0.47 km away

Sold for

$1,380,000

Adjusted to this home

$1,510,545

What we added and subtracted to make this sale comparable to 5 Largo Place
Floor area	this home 187 m² · comparable 151.3 m²	+$75,427
Land size	this home 485 m² · comparable 420 m²	+$28,600
Cladding	this home 3 · comparable 2	+$17,961
Micro-location	this home 0.0429 · comparable 0.0311	+$13,027
Year built	this home 1992 · comparable 1994	−$4,221
Distance to beach	this home 3.6 km · comparable 3.59 km	−$249
Net adjustment		+$130,545

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

8 Cumberland Drive

Sold 3 June 2026 · 0.17 km away

Sold for

$1,415,000

Adjusted to this home

$1,527,112

What we added and subtracted to make this sale comparable to 5 Largo Place
Bedrooms	this home 4 · comparable 3	+$98,084
Land size	this home 485 m² · comparable 703 m²	−$95,920
Condition	this home 8 · comparable 7	+$56,600
Floor area	this home 187 m² · comparable 167.88 m²	+$40,397
Cladding	this home 3 · comparable 2	+$17,961
Micro-location	this home 0.0429 · comparable 0.0462	−$3,736
Distance to beach	this home 3.6 km · comparable 3.55 km	−$1,274
Net adjustment		+$112,112

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

77 Southlake Drive

Sold 20 November 2025 · 0.33 km away

Sold for

$1,505,000

Adjusted to this home

$1,452,181

What we added and subtracted to make this sale comparable to 5 Largo Place
Water views	this home 0 · comparable 1	−$224,062
Floor area	this home 187 m² · comparable 113.49 m²	+$155,312
Bedrooms	this home 4 · comparable 3	+$98,084
Condition	this home 8 · comparable 9	−$90,300
Land size	this home 485 m² · comparable 600 m²	−$50,600
Car spaces	this home 2 · comparable 1	+$32,000
Cladding	this home 3 · comparable 2	+$17,961
Micro-location	this home 0.0429 · comparable 0.0379	+$6,020
Distance to beach	this home 3.6 km · comparable 3.78 km	+$4,876
Year built	this home 1992 · comparable 1993	−$2,110
Net adjustment		−$52,819

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

3 Massachusetts Court

Sold 22 July 2026 · 0.77 km away

Sold for

$1,400,000

Adjusted to this home

$1,555,001

What we added and subtracted to make this sale comparable to 5 Largo Place
Floor area	this home 187 m² · comparable 120.1 m²	+$141,346
Pool	this home 0 · comparable 1	−$56,024
Condition	this home 8 · comparable 7	+$56,000
Land size	this home 485 m² · comparable 410 m²	+$33,000
Cladding	this home 3 · comparable 2	+$17,961
Micro-location	this home 0.0429 · comparable 0.0574	−$16,240
Distance to beach	this home 3.6 km · comparable 3.1 km	−$12,600
Year built	this home 1992 · comparable 1996	−$8,442
Net adjustment		+$155,001

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

9 Gainsborough Drive

Sold 14 September 2026 · 0.43 km away

Sold for

$1,400,000

Adjusted to this home

$1,590,803

What we added and subtracted to make this sale comparable to 5 Largo Place
Bedrooms	this home 4 · comparable 3	+$98,084
Floor area	this home 187 m² · comparable 145 m²	+$88,738
Pool	this home 0 · comparable 1	−$56,024
Land size	this home 485 m² · comparable 405 m²	+$35,200
Micro-location	this home 0.0429 · comparable 0.0223	+$23,072
Distance to beach	this home 3.6 km · comparable 3.92 km	+$8,064
Year built	this home 1992 · comparable 1995	−$6,331
Net adjustment		+$190,803

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

16 Stanford Avenue

Sold 25 September 2026 · 0.75 km away

Sold for

$1,185,000

Adjusted to this home

$1,389,061

What we added and subtracted to make this sale comparable to 5 Largo Place
Bedrooms	this home 4 · comparable 3	+$98,084
Floor area	this home 187 m² · comparable 149.41 m²	+$79,420
Condition	this home 8 · comparable 7	+$47,400
Land size	this home 485 m² · comparable 420 m²	+$28,600
Micro-location	this home 0.0429 · comparable 0.0704	−$26,070
Distance to beach	this home 3.6 km · comparable 2.9 km	−$14,931
Year built	this home 1992 · comparable 1996	−$8,442
Net adjustment		+$204,061

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

56 Southlake Drive

Sold 21 July 2026 · 0.27 km away

Sold for

$1,660,000

Adjusted to this home

$1,590,068

What we added and subtracted to make this sale comparable to 5 Largo Place
Floor area	this home 187 m² · comparable 133 m²	+$114,091
Condition	this home 8 · comparable 9	−$99,600
Pool	this home 0 · comparable 1	−$56,024
Car spaces	this home 2 · comparable 3	−$32,000
Land size	this home 485 m² · comparable 432 m²	+$23,320
Air conditioning	this home 0 · comparable 1	−$20,000
Distance to beach	this home 3.6 km · comparable 3.76 km	+$4,781
Micro-location	this home 0.0429 · comparable 0.0447	−$2,390
Year built	this home 1992 · comparable 1993	−$2,110
Net adjustment		−$69,932

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 5 Largo Place 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 Largo Place 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 Largo Place

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

21 Cumberland Drive

31 Roundelay Drive

8 Cumberland Drive

77 Southlake Drive

3 Massachusetts Court

9 Gainsborough Drive

16 Stanford Avenue

56 Southlake Drive

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