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.

40 Gerona Circuit

Sold 26 May 2026 · 0.29 km away

Sold for

$1,410,000

Adjusted to this home

$1,407,722

What we added and subtracted to make this sale comparable to 5 Mindelo Drive
Floor area	this home 158 m² · comparable 188 m²	−$26,640
Micro-location	this home 0.1122 · comparable 0.0943	+$20,191
Distance to beach	this home 4.8 km · comparable 5.03 km	+$4,281
Year built	this home 2002 · comparable 2003	−$4,190
Land size	this home 500 m² · comparable 400 m²	+$4,080
Net adjustment		−$2,278

A further 12 factors were compared and found the same on both properties, so no money moved.

11 Grenada Court

Sold 12 June 2026 · 0.29 km away

Sold for

$1,350,000

Adjusted to this home

$1,421,931

What we added and subtracted to make this sale comparable to 5 Mindelo Drive
Pool	this home 1 · comparable 0	+$64,000
Condition	this home 7 · comparable 8	−$54,000
Bedrooms	this home 4 · comparable 3	+$35,370
Floor area	this home 158 m² · comparable 118.7 m²	+$34,898
Micro-location	this home 0.1122 · comparable 0.1321	−$21,492
Land size	this home 500 m² · comparable 295 m²	+$8,364
Cladding	this home 3 · comparable 2	+$7,464
Distance to beach	this home 4.8 km · comparable 4.65 km	−$2,673
Net adjustment		+$71,931

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

3 Avellino Drive

Sold 19 January 2026 · 0.40 km away

Sold for

$1,350,000

Adjusted to this home

$1,368,938

What we added and subtracted to make this sale comparable to 5 Mindelo Drive
Pool	this home 1 · comparable 0	+$64,000
Micro-location	this home 0.1122 · comparable 0.1354	−$25,056
Floor area	this home 158 m² · comparable 181 m²	−$20,424
Land size	this home 500 m² · comparable 350 m²	+$6,120
Distance to beach	this home 4.8 km · comparable 4.48 km	−$5,702
Net adjustment		+$18,938

A further 12 factors were compared and found the same on both properties, so no money moved.

14 Windemere Crescent

Sold 10 March 2026 · 1.14 km away

Sold for

$1,350,000

Adjusted to this home

$1,392,104

What we added and subtracted to make this sale comparable to 5 Mindelo Drive
Water views	this home 0 · comparable 1	−$163,580
Micro-location	this home 0.1122 · comparable 0.0348	+$83,592
Pool	this home 1 · comparable 0	+$64,000
Bedrooms	this home 4 · comparable 3	+$35,370
Floor area	this home 158 m² · comparable 123.36 m²	+$30,760
Distance to beach	this home 4.8 km · comparable 4.12 km	−$12,118
Land size	this home 500 m² · comparable 400 m²	+$4,080
Net adjustment		+$42,104

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

39 Brier Crescent

Sold 16 May 2026 · 1.02 km away

Sold for

$1,302,000

Adjusted to this home

$1,385,514

What we added and subtracted to make this sale comparable to 5 Mindelo Drive
Micro-location	this home 0.1122 · comparable 0.0157	+$100,514
Pool	this home 1 · comparable 0	+$64,000
Condition	this home 7 · comparable 8	−$52,080
Year built	this home 2002 · comparable 2013	−$46,094
Bedrooms	this home 4 · comparable 3	+$35,370
Car spaces	this home 2 · comparable 3	−$32,000
Floor area	this home 158 m² · comparable 141 m²	+$15,096
Cladding	this home 3 · comparable 1	+$14,928
Land size	this home 500 m² · comparable 708 m²	−$8,486
Distance to beach	this home 4.8 km · comparable 4.35 km	−$7,734
Net adjustment		+$83,514

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

41 Gerona Circuit

Sold 26 May 2026 · 0.37 km away

Sold for

$1,410,000

Adjusted to this home

$1,492,447

What we added and subtracted to make this sale comparable to 5 Mindelo Drive
Pool	this home 1 · comparable 0	+$64,000
Micro-location	this home 0.1122 · comparable 0.0822	+$33,840
Floor area	this home 158 m² · comparable 174 m²	−$14,208
Distance to beach	this home 4.8 km · comparable 5.15 km	+$6,514
Year built	this home 2002 · comparable 2003	−$4,190
Land size	this home 500 m² · comparable 586 m²	−$3,509
Net adjustment		+$82,447

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

16 Marciana Crescent

Sold 31 July 2026 · 0.16 km away

Sold for

$1,225,000

Adjusted to this home

$1,411,461

What we added and subtracted to make this sale comparable to 5 Mindelo Drive
Pool	this home 1 · comparable 0	+$64,000
Condition	this home 7 · comparable 6	+$49,000
Bedrooms	this home 4 · comparable 3	+$35,370
Micro-location	this home 0.1122 · comparable 0.0998	+$12,152
Floor area	this home 158 m² · comparable 147 m²	+$9,768
Cladding	this home 3 · comparable 2	+$7,464
Land size	this home 500 m² · comparable 350 m²	+$6,120
Distance to beach	this home 4.8 km · comparable 4.96 km	+$2,587
Net adjustment		+$186,461

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

4 Barbie Avenue

Sold 5 August 2026 · 0.88 km away

Sold for

$1,515,000

Adjusted to this home

$1,357,841

What we added and subtracted to make this sale comparable to 5 Mindelo Drive
Condition	this home 7 · comparable 9	−$151,500
Micro-location	this home 0.1122 · comparable 0.0574	+$66,418
Car spaces	this home 2 · comparable 4	−$64,000
Distance to beach	this home 4.8 km · comparable 3.98 km	−$16,544
Year built	this home 2002 · comparable 1999	+$12,571
Cladding	this home 3 · comparable 4	−$7,464
Floor area	this home 158 m² · comparable 151 m²	+$6,216
Land size	this home 500 m² · comparable 570 m²	−$2,856
Net adjustment		−$157,159

A further 9 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 Mindelo 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 Mindelo 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

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 →

5 Mindelo Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

40 Gerona Circuit

11 Grenada Court

3 Avellino Drive

14 Windemere Crescent

39 Brier Crescent

41 Gerona Circuit

16 Marciana Crescent

4 Barbie Avenue

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