FOR SALE
Offers Over $629,000

50/469 Pine Ridge
Runaway Bay QLD 4216

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
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GREAT INVESTMENT AT AFFORDABLE PRICE

This Townhouse is located centrally in Runaway Bay in Timbertop Terraces close to local schools, Shopping Center, Harbour Town and the Gold Coast University Hospital.
This property is great for an investor with a long-term tenant in place till April 2025 and low body corporate fees with an on-site manager.
Features include
Spacious open plan living and dining
Functional kitchen with lots of storage
Separate laundry and powder room downstairs
3 Generous bedrooms with fans and robes
Main bathroom with bath and separate toilet
Fenced back courtyard
Single lock up garage and carport
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Property Details for 50/469 Pine Ridge, Runaway Bay

50/469 Pine Ridge, Runaway Bay is a 3 bedroom, 1 bathroom Townhouse with 2 parking spaces and was built in 2005. The place is currently for sale with Hillsea Real Estate Runaway Bay.

Building Type
Townhouse
Year Built
2005

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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 60 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.

Suburb Insights for Runaway Bay 4216

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Liz Andrews
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Hillsea Real Estate Runaway Bay
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.