139 High Street, Russell Island QLD 4184
139 High Street, Russell Island QLD 4184
Central main-street position | school and ferry within walk | mixed-use corridor | buyer pool owner-occupier and investor | real value in land and location
The property sits in Russell Island’s main High Street corridor, within easy walking distance of the school, retail centre, and ferry-linked village services. That central position is rare for island stock, which mostly appears as quieter houses on larger lots away from the service spine. The setting creates durable convenience-based demand from owner-occupiers wanting a practical island base, while the adjacent Local Centre zoning and larger landholdings along the corridor give the location strategic depth for buyers thinking beyond a single house. The best fit is a buyer who values location over seclusion, or an investor seeking rental appeal from walk-to-school and walk-to-ferry proximity.
Value may be shaped by main-street exposure, which can cut privacy and raise traffic noise. Land shape and zoning might permit mixed-use or higher-intensity outcomes, though the bushfire overlay should be checked first. House condition and layout carry ordinary weight; central position and land utility matter more. These factors should be weighed against settled sales of comparable central houses.
Detailed Independent Property Report prepared by PropCred Analyst team for 139 High Street, Russell Island QLD 4184
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Russell Island, an island suburb in southern Moreton Bay with no bridge access, is positioned as an affordable lifestyle market relative to the mainland. Demand is driven by retirees, families, and investors attracted to land availability, natural surrounds, and a close-knit community. Median house prices range from $430,000 to $479,000, with annual growth between 9.97% and 15.5% across sources. Rents average $445–$450 per week, producing a gross yield near 5% for houses. Sales volumes are inconsistent, ranging from 44 to 313 annually, and days on market stretch from 58 to 153 days, pointing to a thin, cautious buyer pool. Future growth relies on southern Moreton Bay development, while ferry dependence and limited access remain the principal constraints.
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PropCred Estimated Value
A fair current price band for this property is approximately $705,000 to $780,000. This range reflects recent settled sales of comparable central houses on the island, where sealed-road access, service-corridor proximity, and land size have supported values around this level. The upper part applies
Bedrooms
3
Bathroom
1
Parking
-
Land
619m²
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