SOLD
Sold on 26 Feb 2024 for $1,100,000

495 Pine Ridge Road
Runaway Bay QLD 4216

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 118m2
Land area: 693m2
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Property Details for 495 Pine Ridge Rd, Runaway Bay

495 Pine Ridge Rd, Runaway Bay is a 4 bedroom, 2 bathroom House and was built in 1967. The property has a land size of 693m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 4 bedroom House sold in Runaway Bay in the last 12 months.

Building Type
House
Year Built
1967
Floor Size
118m2
Land Size
693m2
Local Government
Gold Coast City
Lot/Plan
4/RP113734

Last Listing description (April 2024)

This large 693m2* block located in Runaway Bay, presents to the market endless opportunities for those wishing to take advantage of the strong growth the Gold Coast property market is still experiencing.

The property has an approved (MCU) Material Change of Use for dual occupancy, giving the new owner the opportunity to subdivide into two separate titles upon completion of the rear development.

Alternatively, demolish the existing home and build two brand new homes on individual titles, live in one and rent the other, benefiting from the strong rental return.

Not ready to develop? Land bank and invest in this income producing opportunity until you are.

Existing residence features include;
* Neat & tidy cottage
* Characteristic hardwood flooring
* 4 Generous sized bedrooms
* 2 Bathrooms, master with ensuite
* Stainless appliances and gas cooktop
* Well-appointed kitchen area with plenty of storage & dishwasher
* Separate living areas
* Ceiling Fans
* Spit system A/C
* Covered rear deck
* Plenty of storage underneath the house
* Newly fully fenced yard
* Double Undercover carport
* Garden shed with power

Inspections are a must to appreciate this property's full potential, please contact
Romarna Antees on m| 0422 596 100

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Property History for 495 Pine Ridge Rd, Runaway Bay, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$1,100,000
26 Feb 2024
Listed for Rent
$480/w
10 Jul 2014
  • 26 Feb 2024
    Sold for $1,100,000
  • 24 Aug 2023
    Listed for Sale CONTACT AGENT
  • 14 Jan 2022
    Listed for Sale OFFERS INVITED
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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 58 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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