SOLD
Sold on 25 Mar 2024 for $595,100

69/171-179 Coombabah Road
Runaway Bay QLD 4216

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 88m2
Land area: 391m2
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Property Details for 69/171-179 Coombabah Rd, Runaway Bay

69/171-179 Coombabah Rd, Runaway Bay is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1996. The property has a land size of 391m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom Unit sold in Runaway Bay in the last 12 months.

Building Type
Unit
Year Built
1996
Floor Size
88m2
Land Size
391m2
Local Government
Gold Coast City
Lot/Plan
12/GTP104322

Last Listing description (May 2024)

There are no open homes over the Easter holiday period under the relevant Act for real estate businesses.

Under contract:
Located in Runaway Bay within the popular Harbour Landing Complex, a highly sought after gated residential community of only 69 townhouses.

Open Home Saturday 23rd March 11:15am

This 3 bedroom, 2 bathroom duplex is a great entry into the market for first home buyers or would make a good addition to your portfolio for smart investors.

Offering an open plan lounge and dining area and good size kitchen, with internal access from the single lock up garage. All 3 of the bedrooms have fans and you will find there is a good size air con in the lounge room.

Enjoy the peace and quiet in the good size back yard, which overlooks the reserve behind, providing privacy, nice leafy outlook and no neighbours at the back!

Property features:
Large master bedroom with ensuite bathroom and built in robe.
All 3 rooms have fans
Kitchen with ample bench top space and storage
Open plan living/dining areas
Single lockup garage with space for a second car on the driveway.
Secure complex with intercom for entry.
Onsite manager
Well maintained gardens
Excellent facilities: pool, tennis court, gym, sauna and BBQ facilities.

Everything you need is within walking distance including a playground just outside the complex entry, public transport, restaurants etc. Harbour Town Shopping Centre is less than 2 kilometres away making this location very convenient. Local schools include Coombabah State High School and Biggera Waters State School.

Currently tenanted until 19.3.2024 at $510 per week. The current tenants have secured another property and are vacating at lease expiry. The new rental weekly rent amount is approx $600-$650 per week. The current owner has already paid for the carpets to be replaced once the tenant vacates.

Fees & Rates
Body corporate fee approx $68.00 per week/$861.41 quarterly
Water rates approx $400.00 quarterly
Council rates approximately $600.00 per quarter (paid 6 monthly)
Building Insurance approx $750 annually (paid via body corp quarterly)

Register your interest for up coming inspection - Open Home Saturday 23rd March 11:15am

Property History for 69/171-179 Coombabah Rd, Runaway Bay, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$595,100
25 Mar 2024
  • 25 Mar 2024
    Sold for $595,100
  • 27 Feb 2024
    Listed for Sale Offers above $585,000
  • 31 Oct 2014
    Sold for $285,000
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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 5,316 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 67 properties listed for sale, and 9 properties listed for rent in Runaway bay on OnTheHouse. According to CoreLogic's data, 262 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.