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473 Pine Ridge Road
Runaway Bay QLD 4216

Bedrooms: 5
Bathrooms: 3
Car spaces: 4
Land area: 751m2
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Outstanding Investment/Lifestyle Opportunity Prime for Redevelopment.

Perhaps the original home has seen better days but with plans prepared for your specific approval, the future is looking bright. Located on the ridge overlooking Runaway Bay on 751sqm of prime res choice land "473 Pine Ridge Road" is an ideal location to redevelop, renovate or extend the existing residence, perched privately among quality homes and new prestige developments. Now you can capitalise, the owners are committed to selling and ready for your offer. Plans have been prepared ready for your specific approvals
• A unique offering in the Bluechip suburb of Runaway Bay
• Open plan living, generous bedrooms, master with ensuite and separate self-contained studio
• Covered alfresco entertaining deck and large swimming pool
• Existing residence is partially prepared for completion of renovation or ready to clear the land ready for townhouses
• 20 metre frontage and 751 sqm of land
• Elevated position with pleasant eastern outlook over Runaway Bay and Islands
• Minutes to schools, shopping centres, M1 and Broadwater beaches
This is a rare offering providing the best development parcel seen in years… With rapid development and renewed capital growth occurring Call the Weir Brothers for your inspection now to avoid disappointment.
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.

Property Details for 473 Pine Ridge Rd, Runaway Bay

473 Pine Ridge Rd, Runaway Bay is a 5 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 751m2. The place is currently for sale with COASTAL °.

Building Type
House
Land Size
751m2

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About Runaway Bay 4216

The size of Runaway Bay is approximately 5.3 square kilometres. It has 12 parks covering nearly 26.4% of total area. The population of Runaway Bay in 2011 was 8,912 people. By 2016 the population was 9,066 showing a population growth of 1.7% in the area during that time. The predominant age group in Runaway Bay is 60-69 years. Households in Runaway Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Runaway Bay work in a professional occupation. In 2011, 65.2% of the homes in Runaway Bay were owner-occupied compared with 66.5% in 2016.

Runaway Bay has 5,301 properties. Over the last 5 years, Houses in Runaway Bay have seen a 83.37% increase in median value, while Units have seen a 80.51% increase. As at 30 September 2024:

  • The median value for Houses in Runaway Bay is $1,661,838 while the median value for Units is $924,584.
  • Houses have a median rent of $1,000 while Units have a median rent of $700.
There are currently 57 properties listed for sale, and 9 properties listed for rent in Runaway bay on OnTheHouse. According to CoreLogic's data, 257 properties were sold in the past 12 months in Runaway bay.

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