80/88-98 Limetree Parade, Runaway Bay QLD 4216
80/88-98 Limetree Parade, Runaway Bay QLD 4216
3-bed townhouse with three-car parking | secure gated resort complex | downsizer and family appeal | premium Runaway Bay pocket
This three-bedroom townhouse is distinguished primarily by its three-car parking, a feature genuinely uncommon in this coastal precinct. Most comparable unit stock in the area is limited to two spaces, so the extra parking is expected to broaden appeal to small families, shift workers, and buyers with multiple vehicles. The secure gated complex, on-site management, and resort-style pool, gym and BBQ facilities are reinforced as low-maintenance lifestyle benefits. Set within Runaway Bay’s established waterfront-adjacent character, the property is balanced between everyday practicality and lifestyle amenity, without the upkeep demands of a detached house.
Value may be shaped by interior condition and shared facility standards. The three-car layout could be justified as a premium over two-car comparables, but that premium might be limited if extra parking is not prioritised. Flood exposure is known to vary by lot, so a review of insurance records may be warranted. A lack of waterfront berth may also be seen as capping upside.
>> Comparable Sales: 69/88-98 Limetree Parade sold for $768,000 | Property Price Band: $1.2M-$1.3M | Value Drivers: three-car parking, interior condition, secure complex amenity
Detailed Independent Property Report prepared by PropCred Analyst team for 80/88-98 Limetree Parade, Runaway Bay QLD 4216
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
✓
Income Risk
✕
2
Execution Risk
✓
Market Insight
Runaway Bay, on the Gold Coast, has strong road connectivity to Southport and Surfers Paradise. Demand is driven chiefly by an older population, with dominant age cohorts of 60 to 79, and by professionals with certificate-level qualifications, a profile pointing to downsizers and semi-retired buyers. House price data diverge: median reports range $1.6M to $1.8M, with annual growth at 1.4% in one series and 26.3% in another. Units show a $990,000 median with 13.1% growth. Houses transact 6% above original asking, and a Boomscore of 60/100 signals a healthy market. Weekly rents are $1,200 for houses and $750 for units; the unit gross yield is 4.0%. Annual house sales number around 125 to 133. Future growth is underpinned by strong unit demand and above-asking prices, while the conflicting house-growth data and high entry point pose a constraint.