OFF MARKET

1/497 Pine Ridge Road
Runaway Bay QLD 4216

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 89m2
Land area: 425m2
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Last updated 11 Nov 2024
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Property Details for 1/497 Pine Ridge Rd, Runaway Bay

1/497 Pine Ridge Rd, Runaway Bay is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1996. The property has a land size of 425m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in March 2022.

Building Type
House
Year Built
1996
Floor Size
89m2
Land Size
425m2
Local Government
Gold Coast City
Lot/Plan
1/GTP104423

Last Listing description (August 2022)

Looking to bolster your property portfolio with a set-and-forget abode in a sought-after and central location? This easy-care single-storey unit is currently tenanted with great residents who are looking after the property meaning you can simply kick back, relax and enjoy an instant return on your investment.Spacious and comfortable, the light-filled layout boasts three bedrooms and two bathrooms alongwith an open-plan living space. New air-conditioning and brand new carpet add a contemporarytouch while those who love to cook will feel right at home in the well-equipped kitchen with sweeping benchtops, ample storage and a new cooktop and oven.From here, you can overlook the dining room and living room with direct access to the outdoors,making entertaining a breeze. All three bedrooms are bright and inviting including your good-size master with a built-in robe and an ensuite. The guest bedrooms are serviced by the main bathroom plus there are also ceiling fans, tile floors in the living areas, security screen doors and a two-car garage with internal access.Depending on your needs, you could choose to keep this impressive abode as an investment and relish the great returns or you may even look to move into the property once the current lease has expired. The choice is all yours, ensuring this is an exciting opportunity not to be missed.Coombabah State High School, Harbour Town Premium Outlets and the Runaway Bay ShoppingVillage are all within easy reach plus you're also moments from parks, public transport and the Gold Coast Broadwater.Book in the inspection as it won't last long.

Property History for 1/497 Pine Ridge Rd, Runaway Bay, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$519,000
22 Mar 2022
Listed for Rent
$400/w
07 Aug 2018
  • 22 Mar 2022
    Sold for $519,000
  • 18 Mar 2022
    Listed for Sale Offer Over $535000
  • 07 Aug 2018
    Listed for Rent - Price not available
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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 5,300 properties. Over the last 5 years, Houses in Runaway Bay have seen a 88.45% increase in median value, while Units have seen a 86.98% increase. As at 31 October 2024:

  • The median value for Houses in Runaway Bay is $1,698,357 while the median value for Units is $957,286.
  • 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 7 properties listed for rent in Runaway bay on OnTheHouse. According to CoreLogic's data, 274 properties were sold in the past 12 months in Runaway bay.

Suburb Insights for Runaway Bay 4216

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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.