SOLD
Sold on 20 Dec 2023 for $537,000

17/171-179 Coombabah Road
Runaway Bay QLD 4216

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 84m2
Land area: 281m2
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Property Details for 17/171-179 Coombabah Rd, Runaway Bay

17/171-179 Coombabah Rd, Runaway Bay is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 1996. The property has a land size of 281m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 3 bedroom Townhouse sold in Runaway Bay in the last 12 months.

Building Type
Townhouse
Year Built
1996
Floor Size
84m2
Land Size
281m2
Local Government
Gold Coast City
Lot/Plan
64/GTP104696

Last Listing description (February 2024)

Located in a boutique residential townhouse complex positioned close to Harbour Town and within the northern Gold Coast growth corridor. This spacious single level townhouse with 3 bedrooms, 2 bathrooms and parking for 2 cars enjoys a good-sized garden and private aspect.

Offering a well-designed layout with open plan kitchen and living/dining areas that lead out on to the fully fenced garden.

This is an opportunity to purchase an exceptional investment property that has low outgoings with very strong future rental returns or a comfortable home in which to enjoy the Gold Coast lifestyle (this townhouse is currently tenanted).

Principal features include:-

Large master bedroom with ensuite bathroom and built in robe.
2 good sized further bedrooms (second bedroom with built in robe).
Kitchen with ample bench top space and storage (includes all usual appliances).
Tiled main bathroom/toilet.
Open plan living/dining areas benefiting from direct access to the fully fenced private garden.
Laundry area.
Air-conditioning and ceiling fans.
Single lockup garage with space for a second car on the driveway.
Secure complex with intercom for entry.
Well maintained gardens, pool, tennis court, gym and BBQ facilities.
On-site management.
Pet friendly.
Close to Harbour Town Shopping Centre, public transport, schools (Coombabah State High School , Biggera Waters State Schoo etcl) and parks.

Income:-

Currently tenanted until 9/11/2024.
A written rent appraisal from the manager at the complex is available upon request showing that similar townhouses can expect a current market rent of around $630 per week.

Outgoings:-

Very low body corporate fee of only around $68.00 per week.
Water rates around $400.00 per quarter (water not individually metered).
Council rates around $500.00 per quarter.

This property will soon be sold so contact Peter Turner at Turner Mayes Real Estate on 0468 350 882 as soon as possible for further information and to arrange an inspection.

Disclaimer: Turner Mayes Real Estate and the listing agent have made every reasonable effort to ensure the accuracy of all information contained above and which is provided only for the convenience of interested par1es and should not be relied upon for any purposes. Neither Turner Mayes Real Estate nor the lis1ng agent warrants or guarantees the said informations accuracy or completeness and all paries interested in the listed property are recommended to undertake their own enquiries (including seeking appropriate legal advice) regarding the listed property. Turner Mayes Real Estate and the listing agent will not accept any liability (direct or indirect) for any injury, loss, claim, damage or any incidental or consequential damages, arising out of or in any way connected with the said information.

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Property History for 17/171-179 Coombabah Rd, Runaway Bay, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$537,000
20 Dec 2023
Listed for Rent
$380/w
12 May 2017
  • 20 Dec 2023
    Sold for $537,000
  • 20 Nov 2023
    Listed for Sale Not Disclosed
  • 12 May 2017
    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 5,303 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 59 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.

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Peter Turner
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