OFF MARKET

301/33 Madang Crescent
Runaway Bay QLD 4216

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 55m2
Land area: 60m2
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Last updated 16 Sep 2024
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Property Details for 301/33 Madang Cres, Runaway Bay

301/33 Madang Cres, Runaway Bay is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 60m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
Unit
Year Built
1990
Floor Size
55m2
Land Size
60m2
Local Government
Gold Coast City
Lot/Plan
301/SP235708

Last Listing description (October 2022)

If you would like an inexpensive investment property then this is an excellent start.

This third floor apartment is in the highly sought-after Cove 35, a contemporary, 4 level, waterfront building in the heart of Runaway Bay. It is only 12 years old, so is good for depreciation.

All units are individually metered, so the tenant pays for their water usage.

The unit is low maintenance with tiled living areas, a well appointed kitchen and a 'New York' style laundry, The bedroom has good storage, a ceiling fan and a concertina window to allow a view, breezes and plenty of light. The bathroom is two- way for privacy when guests are over. A balcony with views of the hinterland and the lights of nearby high rises opens off the lounge to provide indoor/outdoor living.

A sparking pool & BBQ area overlook the canal with a pontoon for pick up/drop off.

One Secure basement car park has lift access, there is CCTV and an onsite caretaker. All amenities are just a few minutes away, most are an easy walk less than 300 meters to the Runaway Bay Village Shopping Centre.

A tenant is currently in place, this is good investment stock.

The Body Corporate has solar power which keeps Body Corporate fees lower around $92 per week.

Features include:

- Good return with an excellent tenant in place
- Beautifully presented/air conditioned
- Individually metered water so tenant can pay usage
- Lift and secure basement parking
- Pool, BBQ area, common pontoon
- Walking distance to shops and amenities
- Low Body Corporate

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.

Property History for 301/33 Madang Cres, Runaway Bay, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$370,000
19 Aug 2022
Listed for Rent
$320/w
30 Aug 2011
  • 19 Aug 2022
    Sold for $370,000
  • 28 Jun 2022
    Listed for Sale $375,000
  • 12 Aug 2011
    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 5,316 properties. Over the last 5 years, Houses in Runaway Bay have seen a 110.29% increase in median value, while Units have seen a 84.04% increase. As at 31 August 2024:

  • The median value for Houses in Runaway Bay is $1,890,236 while the median value for Units is $911,078.
  • Houses have a median rent of $1,000 while Units have a median rent of $660.
There are currently 66 properties listed for sale, and 9 properties listed for rent in Runaway bay on OnTheHouse. According to CoreLogic's data, 254 properties were sold in the past 12 months in 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.