7-11 Bimbad Cres, Russell Island QLD 4184
7-11 Bimbad Cres, Russell Island QLD 4184
Large vacant block | two-street access | residential zoning | rare island land size | value-add potential
This is a rare large residential parcel with dual-street access, giving it unusual flexibility for a low-density island setting. The land is zoned residential and sits in a quiet pocket where oversized blocks are still part of the local character. For a buyer who values space, wants to design a home from scratch, or is comfortable holding land with strong future potential, this represents a clean canvas. It suits those looking to build a large house, add a shed, or create outdoor living areas without the constraints of a typical compact housing lot. The configuration itself is the competitive edge: very few similar vacant blocks offer this combination of size, access, and zoning.
The recorded land size is inconsistent, which may affect how the block is assessed during due diligence. A nearby large-lot property carries a bushfire overlay, and while it is not confirmed for this site, it might introduce planning or building considerations. Because there is no existing dwelling, the value depends almost entirely on the land’s dimensions, shape, and development potential, so a survey and title check will likely narrow the price range. Buyers should weigh these factors when forming a view on what this site is worth.
Detailed Independent Property Report prepared by PropCred Analyst team for 7-11 Bimbad Cres, Russell Island QLD 4184
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 7-9 Bimbad Cres, 3br/1ba on 1,093m², sold ~$530,000 | Property Price Band: $400K–$500K | Value Drivers: land area, dual-street access, zoning flexibility
Bedrooms
3
Bathroom
1
Parking
1
Land
2196m²
URL has been copied successfully!