5/23-25 Madang Cres, Runaway Bay is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces. The property has a land size of 206m2.
Overlooking a park and the Broadwater, this unique tri-level stand alone villa is situated in a secure boutique waterfront complex of only 6 properties. With no direct neighbours and the park outlook, the sense of space and privacy is apparent from every room. With the added bonus of an elevator, you can enjoy everything each level offers with quality appliances and ample storage space throughout.
The ultimate entertainers delight, the various living areas and outdoor spaces will be sure to impress. The ground floor features an expansive double garage with additional storage, a separate laundry, direct gate access to the park and lift access. There is also a multipurpose room on this floor which flows out onto the outdoor area which could alternatively serve as a 4th bedroom or guest retreat. The central living level features a huge open plan living room and kitchen with adjoining dining room and separate powder room. The top floor has a showstopping master suite with recently renovated ensuite, walk in robe and private balcony, in addition to 2 generous sized bedrooms and main bathroom.
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 5,316 properties. Over the last 5 years, Houses in Runaway Bay have seen a 88.18% increase in median value, while Units have seen a 79.67% increase. As at 31 July 2024:
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