29 Annerley Avenue, Runaway Bay QLD 4216

4 bed, 3 bath, dual-living potential | 637m² block, sought-after pocket | Deceased estate, must be sold | Flood overlay detected The property’s strongest buying case is its dual-living configuration on a large block in a tightly held part of Runaway Bay. For a family wanting separation of spaces or an investor seeking rental flexibility, this layout is rare at this price point. The deceased estate auction creates a forced sale dynamic, meaning the vendor must transact, which places a motivated buyer in a stronger negotiating position than a standard campaign would allow. The flood overlay is the primary risk, and it carries real cost. Insurance premiums will be higher, lender appetite may be more cautious, and the resale buyer pool will be narrower. That said, the overlay is known and mapped, so a buyer who prices that risk into their bid and secures a building and pest clearance can still achieve a discount to market. The property is best held as a long-term family home or a dual-income rental, where the configuration and location work harder than the flood risk.