110/251 Varsity Parade, Varsity Lakes, QLD 4227
Comparable sales range
$1,055,018 – $1,321,149
Asking: Buyers Above $950,000
Range derived from recent comparable sales, each adjusted for floor area, land size, condition and location. How we build this range.
110/251 Varsity Parade, Varsity Lakes, QLD 4227 is a 2 bed, 2 bath, 2 car apartment / unit / flat in Varsity Lakes, Queensland. This page shows its recorded sale history and a data-driven valuation based on comparable local sales.
Sale history
| Year | Price | Type |
|---|---|---|
| 2021 | $575,000 | Sale |
| 2020 | $400,000 | Sale |
| 2008 | $370,000 | Sale |
| 2002 | $299,500 | Sale |
Source: historical sale records. Prices shown as recorded.
One of 156 two-bed homes in The Reserve, with 47 same-size sales in the record
Listed 07 August 2026 at Buyers Above $950,000 in a scheme where recent two-bed sales give buyers a well-evidenced price range
A two-bed in a scheme full of them. With 47 same-scheme, same-size sales on record, its price can be tested directly against its neighbours, and the scheme has recorded 53 sales in the last three years.
The home in its scheme: the most common layout at The Reserve
156 of The Reserve's 205 homes are two-bedroom, which makes this the scheme's standard layout.
What the sales evidence says
12 same-scheme two-bed sales, chosen from 47 available, put the evidence range at $855,094 to $1,147,469.
The attached market it sits in
Varsity Lakes units and townhouses had a median sale price of $955,000 in 2026-Q3, with a median of 15 days on market.
At the doorstep
Childcare is 202 m away, a school 296 m and Varsity Promenade 235 m, so daily errands can be done on foot.
Frequently asked
What is 110/251 Varsity Parade, Varsity Lakes worth?
The sales evidence puts it between $855,094 and $1,147,469, a range centred at about $1,001,282. The width of that range is the honest part. It is built from 12 two-bedroom sales inside The Reserve, chosen from 47 available, each index-adjusted to today's market. The ±14.6% band is a measured empirical coverage band: the 80th-percentile error of this method across 967 Varsity Lakes attached sales. It is not a confidence interval.
How does this compare to others in The Reserve?
It is one of 156 two-bedroom homes in a 205-dwelling scheme, which makes it the most common layout there. The scheme has recorded 53 sales in three years. The three most recent two-bed sales were $1,000,000 (12 October 2026), $1,180,000 (6 October 2026) and $1,135,000 (17 August 2026). Between near-identical homes, the differences come from floor level, aspect and condition.
How long has 110/251 Varsity Parade been on the market?
It was first listed on 07 August 2026, with a price guide of Buyers Above $950,000. It is marketed by Danny Khazen of Chris Couper & Associates Surfers Paradise.
What are the body corporate costs?
The levy is set by the body corporate of community titles scheme CMS31561 and is not in our data. The amount, what it covers, the sinking fund balance and any special levies should be confirmed on the body corporate disclosure statement for the sale.