15T/28 Bayview Street Runaway Bay QLD 4216

Compact 3-bed configuration in waterside complex | Secure double parking with 30m² lot | Modern amenities including pool and gym | Flood overlay requires due diligence The buying case for this unit rests on its rare combination of a functional three-bedroom layout within a waterside complex that offers both secure double parking and resort-grade amenities. For buyers seeking a lock-and-leave residence or a high-yield rental property in Runaway Bay, the configuration allows flexible use as either a three-bedroom home or a two-bedroom with expanded living space. The recent sale at $1,035,000 positions it below comparable units in the same building, suggesting value relative to the 1T/28 unit’s estimated range of $1.21m to $1.49m. Modern inclusions such as air conditioning, built-in robes, and the in-ground pool and gym support strong rental demand, with similar units achieving around $1,000 per week. This property is best suited to owner-occupiers wanting a turnkey waterside base or investors targeting consistent rental income in a well-serviced Gold Coast suburb. The primary risk is the flood overlay requiring assessment, which may increase insurance costs or restrict certain renovations, though the property’s vacant and ready-to-move-in condition mitigates immediate exposure. The small 30m² lot limits land value appreciation, but the waterside location and secure parking provide a competitive edge over many apartments in the area. Opportunities lie in leveraging the strong rental yield potential, with the unit’s modern amenities and NBN connectivity supporting premium tenant appeal. Hold this property as a medium-term income-producing asset or a low-maintenance residence, with the flood overlay factored into ongoing cost planning.