13 Keats Street, Russell Island QLD 4184

Waterfront position | dual-living potential | 19.8% suburb growth | architectural character This house occupies a rare northern waterfront position on Russell Island, where supply is constrained and owner-occupier demand runs at 72%. The dual-level design with separate entry creates genuine guest or income potential, a configuration edge that broadens buyer appeal beyond owner-occupiers. The 205m² building footprint with expansive decking and water views from the main living area gives this property a competitive advantage over typical island stock. It serves best a buyer seeking a waterfront residence with flexibility for holiday letting or multigenerational use, supported by solar power and established gardens that reduce holding costs. The flood overlay is the primary risk, constraining finance options and limiting future buyer pool; a ground elevation of 8m should be verified against recorded inundation events. Rental yield of 3.5–4.3% is modest for the segment, so income-driven buyers should model vacancy periods. The 3.8km distance to ferry and town centre reduces walkability appeal. This property should be held as a lifestyle-waterfront play with medium-term capital growth tied to island infrastructure improvements, not as a short-term trade.