Under contract
7/28 Castello Circuit
Varsity Lakes, QLD 4227
- 2 beds
- 1 bath
- 1 car space
Motivated seller, Exceptional Value
Positioned within the highly sought-after Azzurra Eco resort, this well-presented ground-floor apartment offers an outstanding opportunity for investors, first home buyers, and downsizers alike. Currently returning $695 – $745 per week (approx. 4.4% – 4.8% gross yield), it represents a smart, low-maintenance investment. At the same time, its ground-floor position and easy-access layout make it equally appealing for owner-occupiers seeking convenience and lifestyle. Set within a peaceful, resort-style complex surrounded by lush bushland and tranquil waterways, the property consistently attracts quality tenants and residents who value both comfort and location.
With professional onsite management and premium facilities, it’s a versatile “set-and-forget” investment or an easy-care home. Inside, the apartment showcases a modern, functional layout with quality finishes throughout. The contemporary kitchen features stone benchtops and quality appliances, flowing seamlessly into a light-filled open-plan living and dining area. Large sliding doors extend to an oversized east-facing balcony, enhancing natural light, airflow, and overall livability.
Perfect For Investors seeking strong returns and tenant demand First home buyers entering the market in a premium lifestyle location Downsizers looking for single-level, low-maintenance living with no stairs Investment Highlights Rental return: $695 – $745 per week Approx.
4.4% – 4.8% gross yield Strong tenant demand (close to Bond University & transport) Low-maintenance, lock-and-leave investment Resort-style complex with onsite management Property Features Ground-floor position with easy access (ideal for downsizers) Air-conditioned open-plan living and dining Modern kitchen with stone benchtops & quality appliances Spacious bedroom with built-in robes and ceiling fan Large private balcony with seamless indoor-outdoor flow Access to pool, BBQ facilities, and beautifully maintained grounds Outgoings (approx.) Body Corporate: $136 per week approx. Rates: $1,395 per half-year approx.
Water & Sewerage: $269 per quarter Sinking Fund: $251,221 approx. Prime Location = Lifestyle & Convenience Minutes to Varsity Lakes railway station Close to Bond University Within Varsity College catchment 3.6km to Robina Town Centre Easy M1 access and a short drive to Gold Coast beaches Enjoy direct access to scenic walking and cycling tracks around Lake Orr and Azzurra Island—right at your doorstep. Added 10 August, 2026 Property ID: #R2-4978093 Show More
Features
- pool
- air conditioning
- balcony
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