31/171-179 Coombabah Rd, Runaway Bay is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1997. While the property is not currently for sale or for rent, it was last sold in December 2024.
Located in a quiet boutique residential complex very close to Harbour Town Shopping Centre and within the highly sought after northern Gold Coast growth corridor. This spacious single level townhouse has 3 good sized bedrooms, 2 bathrooms, parking for 2 cars and a fully fenced private garden. The excellent design layout ensures maximum utilisation of all available space and enables the living area to flow seamlessly out to the garden.
Having recently been partially renovated to a high standard (including the installation of hybrid flooring throughout, window coverings throughout, ceiling fans in the bedrooms and all interior walls painted), the new owner of this townhouse will have little or nothing to do.
Whether you are seeking an investment property with low outgoings and very strong rental returns or want a comfortable home in which to enjoy the Gold Coast lifestyle, this townhouse must be viewed as soon as possible.
Principal features include:-
- Large master bedroom with garden views and ensuite bathroom/built in robe.
- Two good sized further bedrooms (second bedroom with built in robe).
- Kitchen with ample bench top space and storage (includes all usual appliances).
- Spacious open plan living/dining area benefiting from doors leading to garden.
- Tiled bathroom.
- Laundry area and store cupboard.
- Recently renovated to include hybrid flooring, window coverings, ceiling fans in the bedrooms and all interior walls painted.
- Air-conditioning (newly installed in 2019) and ceiling fan in living area.
- Good sized fully fenced private garden.
- Single lockup garage with space for a second car on driveway.
- Secure gated complex with intercom for entry.
- Plenty of visitor parking throughout complex.
- Facilities include swimming pool, gardens, tennis court, gym and BBQ (all very well maintained).
- On-site management (24/7).
- Pet friendly.
Income:-
This townhouse is in a very strong rental demand area. It is understood that similar townhouses in the complex are achieving rents of around $700 per week with at least one fully renovated townhouse having recently been rented for $750 per week.
An independent written rent appraisal is available upon request showing that this townhouse can be expected to rent for around $700 per week.
With very low outgoings (see below), very strong rental demand/income and being located within the sought after northern Gold Coast growth corridor, this townhouse represents an excellent investment opportunity and should not be missed.
Outgoings:-
- Very low body corporate fee of only around $68.00 per week.
- Water rates of around $400.00 per quarter (water not individually metered).
- Council rates of around $500.00 per quarter.
Location:-
Close to Harbour Town Shopping Centre, Westfield Helensvale Shopping Centre, public transport, schools (Coombabah State High School, Biggera Waters State School etc), nature parks, Broadwater swimming lagoon at Labrador and M1 Motorway to Brisbane.
This townhouse will soon be sold so please 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 parties and should not be relied upon for any purposes. Likewise, Turner Mayes Real Estate and the listing agent have taken reasonable steps to ensure all relevant information has been included above. But neither Turner Mayes Real Estate nor the listing agent warrants or guarantees the said informations accuracy and/or completeness and all parties interested in the listed property are recommended to undertake their own enquiries (including seeking appropriate legal and other 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 and/or any information that is omitted above.
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:
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