SOLD
Sold on 21 Jun 2024 for $960,000

16 Medika Street
Runaway Bay QLD 4216

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 81m2
Land area: 506m2
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Property Details for 16 Medika St, Runaway Bay

16 Medika St, Runaway Bay is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1978. The property has a land size of 506m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Runaway Bay in the last 12 months.

Building Type
House
Year Built
1978
Floor Size
81m2
Land Size
506m2
Local Government
Gold Coast City
Lot/Plan
204/RP94906

Last Listing description (August 2024)

Situated on a quiet street in Runaway bay, close to Biggera Waters you will find this quaint single level three bedroom family home, awaiting its new owner.
There are so many possibilities for the astute buyer:
*Renovate to create your own perfect paradise

*Buy and take advantage of the 'low density' zoning to develop
*Buy as an investor and rent out

Features:
- 506m2 block with a great sized garden
- Three bedrooms
- One Bathroom
- Open plan living, dining and kitchen
- Air conditioning to living area, bedroom three
- Sliding doors from the Master and bedroom three to garden
- Huge outdoor covered entertaining area
- Solar 6.6kw
- Garden shed
- Three car carport with extra room for caravan or boat
- Solid remote control sliding gate
- Virtually opposite Lions park
- Short walk to Biggera Waters State school
- Minutes to Metro Market and a short drive to Runaway Bay shopping centre
- Council rates approx. $1957 pa
- Water rates approx $2000 pa

Hurry now to secure this amazing opportunity, call Claire on 0406 935 050

- 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 vendors, purchasers & tenants should make their own enquiries to verify the information contained herein and do their own checks with local councils as to zones, and planning application for potential developments

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Property History for 16 Medika St, Runaway Bay, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$960,000
21 Jun 2024
Listed for Rent
21 May 2018
  • 21 Jun 2024
    Sold for $960,000
  • 03 Jun 2024
    Listed for Sale Offers over $949,000
  • 31 Mar 2022
    Sold for $820,000
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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 5,302 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, 277 properties were sold in the past 12 months in Runaway bay.

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Claire Adams
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