48/28 Bayview Street, Runaway Bay QLD 4216

1-bed unit in 2009 complex | secure parking & balcony | in-ground pool & spa | strong recent growth in building This one-bedroom unit presents a competitively priced entry into a well-established complex with premium recreational facilities, including a pool and spa, which are uncommon for a property of this size. Its 2009 construction suggests modern standards, and the single secure parking space adds practical utility. This configuration best serves a solo professional or investor seeking a low-maintenance lifestyle base or rental proposition within a building demonstrating clear capital growth. The primary risk is the unit’s outlier status within its own building, where recent sales are dominated by larger, higher-value two and three-bedroom layouts achieving prices near or above $1 million. This creates a value ceiling and different demand profile, compounded by the building’s high turnover, with over 60% of owners having held for under six years, indicating potential investor saturation or dissatisfaction. Acquire only if the price reflects its position as the building’s smallest format, and hold as a long-term rental, as immediate resale into a market favoring larger units in the complex carries underperformance risk. Recent sales within this building show a clear premium for larger configurations: – Unit 3 (3 bed, 2 bath, 2 car) sold for $1.16m after 44.57% annual growth. – Unit 18T/28 (3 bed, 2 bath, 2 car) sold for $1.23m in Mar 2026. – Unit 2T (2 bed, 2 bath, 2 car) sold for $980k. This establishes a building premium where two and three-bedroom units command prices 23-55% above this one-bedroom’s asking price, framing this unit as a value-entry into the complex but within a different, more price-sensitive buyer segment.