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Private property report · Updated Tuesday 13 October 2026
Aerial view of 5 Magenta Drive, Varsity Lakes QLD 4227
5 Magenta Drive, Varsity Lakes QLD 4227
A living map — drive times, sold comps & your commute

5 Magenta Drive

Varsity Lakes, QLD
386 m² land3 bedrooms2 bathrooms133 m² floor

Last recorded sale: $515,000 in April 2020.

Houses for sale nearby

8 nearbyVarsity Lakes first, nearest first
23 Winton Terrace, Varsity Lakes, QLD 4227
4 · 3 · 2 · 464 m²
Open Home Cancelled
190 m away
5 Morea Court, Varsity Lakes, QLD 4227
5 · 3 · 4 · 629 m²
Present All Offers
200 m away
9 Winton Terrace, Varsity Lakes, QLD 4227
5 · 2 · 2 · 818 m²
Contact Agent
250 m away
7 Winton Terrace, Varsity Lakes, QLD 4227
5 · 2 · 2 · 819 m²
Contact Agent
260 m away
3 Tahoe Place, Varsity Lakes, QLD 4227
4 · 2 · 2 · 500 m²
Offers Over $1,430,000
260 m away
10 Regensberg Close, Varsity Lakes, QLD 4227
3 · 2 · 2 · 449 m²
Offers Over $1,125,000
770 m away
38 Roundelay Drive, Varsity Lakes, QLD 4227
4 · 3 · 2 · 410 m²
Offers Over $1,275,000
1.0 km away
6 Notre Dame Court, Varsity Lakes, QLD 4227
3 · 2 · 2 · 407 m²
Offers Over $1,249,000
1.5 km away

New listings & latest sales

1 listed in the last 7 days · 3 latest salesin Varsity Lakes or within 3 km
Just listed
12 Ballyliffen Ct, Robina, QLD 4226
3 · 2 · 2
Offers Above $1,650,000
Listed 4d ago · 630 m away
Sold
28 Pristine Court, Varsity Lakes, QLD 4227
3 · 2
$1,170,000
Sold Oct 2026 · 810 m away
Sold
122 Varsity Parade, Varsity Lakes, QLD 4227
4 · 3
$1,080,000
Sold Oct 2026 · 330 m away
Sold
16 Stanford Avenue, Varsity Lakes, QLD 4227
3 · 2
$1,185,000
Sold Sep 2026 · 1.5 km away

Where your competition sits

8 competing houses nearby

Your valuation

Comparable range

$1,098,344 – $1,389,411

8 adjusted comparable sales · 8 verified · 29 of 38 candidate sales verified · band ±11.7% measured on 202 sales · recomputed 10 October 2026

The 8 sales behind that range — and every adjustment

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.

4 Pascali Court

Sold 5 August 2026 · 0.82 km away

Sold for

$1,150,000

Adjusted to this home

$1,162,955

14 Shorehaven Place

Sold 7 April 2026 · 0.24 km away

Sold for

$1,250,000

Adjusted to this home

$1,185,573

28 Pristine Court

Sold 8 October 2026 · 0.81 km away

Sold for

$1,170,000

Adjusted to this home

$1,083,071

6 Pristine Court

Sold 30 June 2026 · 0.84 km away

Sold for

$1,220,000

Adjusted to this home

$1,265,619

11 Magenta Drive

Sold 23 February 2026 · 0.07 km away

Sold for

$1,290,000

Adjusted to this home

$1,227,926

11 Grenada Court

Sold 12 June 2026 · 0.97 km away

Sold for

$1,350,000

Adjusted to this home

$1,175,592

31 Roundelay Drive

Sold 30 July 2026 · 0.94 km away

Sold for

$1,380,000

Adjusted to this home

$1,290,618

3 Massachusetts Court

Sold 22 July 2026 · 1.14 km away

Sold for

$1,400,000

Adjusted to this home

$1,189,111

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
“Prices are holding for now, but we need to be watching inflation, household spending, and wage growth as leading indicators of where the market moves next.”
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 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 5 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)

Your home

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Reports for this address
Valuation Report cover

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 cover

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

16 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 →