66 Crescent Drive, Russell Island QLD 4184
66 Crescent Drive, Russell Island QLD 4184
3-bed house on 729 m² | bushfire overlay recorded | 172 m² built footprint | broad family and investor appeal
A three-bedroom, one-bathroom house with two car spaces is offered on a 729 m² residential lot, with a 172 m² building footprint that is considered substantial for the area. The property is positioned as a move-in-ready residence rather than a bare block, which is expected to appeal to families, retirees, and investors alike. NBN Fibre to the Curb is connected, and this is seen as a genuine advantage for remote work or study. A bushfire overlay is recorded, while flood and heritage constraints are not indicated. The house is best matched to buyers seeking established island living with generous outdoor space.
Value may be influenced by the bushfire overlay, with insurance costs and lender appetite potentially affected. Perceived worth might be altered by internal condition and renovation level. Resale demand may be narrowed by island ferry dependence in softer markets. Buyer interest might be strengthened by updated finishes or improved outdoor living areas.
Detailed Independent Property Report prepared by PropCred Analyst team for 66 Crescent Drive, Russell Island QLD 4184
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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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
Comparable Sales: 3 Murray Crescent $410,000; 66 Cook Avenue 2025 sale | Property Price Band: $600,000–$700,000 | Value Drivers: land size, building footprint, bushfire overlay
Bedrooms
3
Bathroom
1
Parking
2
Land
729m²
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