42 Morala Ave, Runaway Bay is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1970. The property has a land size of 637m2 and floor size of 127m2. While the property is not currently for sale or for rent, it was last sold in February 2018.
Incredible renovator! An unbeatable opportunity awaits!
Astute buyers know that location is everything and this property guarantees this very thing. Facing O'Connell Park and just a couple of minutes stroll from Marine Parade and the Broadwater, this 637m2 block with existing 3 bedroom home and plenty of room for cars, boats and any additions/ renovations is, quite simply, an amazing opportunity.
The original home has been partially renovated and benefits from beautifully landscaped lawns and gardens to the front, side and rear. The spacious entertaining deck, patio and kids cubby to the rear, along with huge separate studio that can be used as a Teenager's retreat or band practice room that is sound proof, gated side access and carport for boats and cars, make this the perfect foundation for the whole family. The family bathroom, laundry and kitchen are generous in size and just waiting for your own stunning renovations.
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 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 5,327 properties. Over the last 5 years, Houses in Runaway Bay have seen a 81.66% increase in median value, while Units have seen a 98.14% increase. As at 31 December 2025:
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