301/33-37 Madang CrescentRunaway Bay QLD 4216
Property Details for 301/33-37 Madang Cres, Runaway Bay
301/33-37 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.
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 301/33-37 Madang Cres, Runaway Bay, QLD 4216
- 19 Aug 2022Sold for $370,000
- 28 Jun 2022Listed for Sale $375,000
- 12 Aug 2011Listed for Rent - Price not available
Recent sales nearby
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0About Runaway Bay 4216
The size of Runaway Bay is approximately 5.3 square kilometres. There are 12 parks, covering nearly 26.4% of the total area. The population of Runaway Bay in 2016 was 9068 people. By 2021 the population was 9308 showing a population growth of 2.6% in the area during that time. The predominant age group in Runaway Bay is 70-79 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 2021, 70.70% of the homes in Runaway Bay were owner-occupied compared with 66.50% in 2016.
Runaway Bay has 5,333 properties. Over the last 5 years, Houses in Runaway Bay have seen a 43.18% increase in median value, while Units have seen a 94.99% increase. As at 31 July 2026:
- The median value for Houses in Runaway Bay is $1,844,526 while the median value for Units is $1,140,323.
- Houses have a median rent of $1,190 while Units have a median rent of $750.
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