SOLD
RECENT ADVICE
Sold on 22 Jul 2024 for $785,000

11/75-77 Morala Avenue
Runaway Bay QLD 4216

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 11/75-77 Morala Ave, Runaway Bay

11/75-77 Morala Ave, Runaway Bay is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Apartment sold in Runaway Bay in the last 12 months.

Building Type
Apartment
Local Government
Gold Coast City
Lot/Plan
11/BUP8069

Last Listing description (July 2024)

The seller has purchased elsewhere and requests that all genuine paper offers are presented for their consideration.

Step into the elegance of 11/75-77 Morala Avenue, Runaway Bay. This exceptional waterfront apartment boasts a prime location, offering high ceilings, ducted air conditioning, north-facing water views, and an abundance of natural light that accentuates the spacious open-plan layout.

Features:

- Two generously sized bedrooms, master with ensuite and walk-in robe
- Separate laundry with ample storage
- Brand new ceiling fans and ducted air conditioning
- Expansive high ceilings
- Open-plan living and dining areas
- Wrap-around balcony with picturesque water views
- Modern, gourmet kitchen with brand new appliances
- Study nook
- Secure parking space
-Freshly painted interiors, blinds, tap fittings and door handles
- Council rates $2,000* per annum
- Water rates $1,300* per annum
- Estimated rental return of $850* per week
- Body Corporate fees of $141.50* per week, inclusive of amenities such as tennis court, swimming pool, landscaped gardens, waterside boardwalk, gated estate security, admin fund, sinking fund and building insurance. Freshly painted building, newly re-surfaced pool, new astro-turf on the tennis court.

Runaway Bay Lifestyle:

Experience the best of Runaway Bay living with convenient access to local amenities such as the Runaway Bsy Shopping Centre, Runaway Bay Sports Complex, Gold Coast Performance Centre, indoor sports facilities, cricket, tennis, and netball clubs, as well as cycling and walking tracks. Nearby are two primary schools, a library, daycare center, a variety of shops, and easy reach to major hospitals, universities, beaches, and the M1 highway.

Contact the Emma Grant Team today on 0403 836 523!

Disclaimer: We have in preparing this information used our best endeavour 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 vendors, purchasers & tenants should make their own enquiries to verify the information contained herein.

Property History for 11/75-77 Morala Ave, Runaway Bay, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$785,000
22 Jul 2024
Listed for Rent
$370/w
29 Apr 2011
  • 22 Jul 2024
    Sold for $785,000
  • 12 Apr 2024
    Listed for Sale Contact Agent
  • 11 Oct 2021
    Sold for $515,500
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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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Emma Grant
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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.