2/7 Markham Avenue, Runaway Bay QLD 4216

3-bed duplex in strata | 114m² internal living | flood overlay present | in-ground pool | high-confidence rental estimate This property presents a competitively dense offering within Runaway Bay, delivering a three-bedroom configuration on a compact strata title. Its internal living area matches the lot size, indicating a duplex or apartment format, which is operationally efficient and appeals to downsizers or investors seeking lower-maintenance occupancy. The inclusion of air conditioning, floorboards, and a dishwasher aligns with modern expectations, while the complex’s in-ground pool and intercom add lifestyle and security benefits. This unit best serves a buyer prioritizing lock-and-leave convenience within a established suburb, supported by strong rental demand signals. The primary decision mechanism is the flood overlay, which imposes insurance premiums and resale sentiment risk that directly erode yield. The 2009 last sale date suggests substantial equity gain potential, but current pricing must be benchmarked against recent strata sales, not detached houses. Acquire only if the strata fees are confirmed as manageable and the flood risk is financially quantified. Hold as a long-term rental, given the high-confidence yield estimate, but expect strata governance to influence capital growth. Our tailored report would pressure-test the valuation against true comparable sales and detail the full cost implications of the flood overlay for your holding model.