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. Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements.
RealistIQ deal score
Neutral value signal
13
/100
Review the estimated value range, comparable sales, suburb trends, and market signals for 7/28 Castello Circuit, Varsity Lakes before you inspect or make an offer.
Independent price check
Estimate vs market price guide
Market price guide is $85,000 above RealistIQ estimate
Use this as a second opinion and check the comparable sales below.
RealistIQ estimate range: $557,000 - $872,000Wider ranges mean more uncertainty.
RealistIQ estimate$715,000
Market price guide$800,000
$557,000$872,000
12-month Property Outlook
What could this property be worth in 12 months if the local trend continues?
See Momentum and Stable modelled scenarios for this property.
