137A Russell Terrace, Indooroopilly QLD 4068

Elevated 622m² block | North-east deck | Tenant in place until late 2026 | Indooroopilly school catchments This property presents a rare combination of a generous elevated block and a modern layout in a tightly held suburb. The north-east facing deck and open-plan design capture excellent natural light and airflow, which are genuinely sought after in this market. The butler’s pantry and solar system add practical efficiency that appeals to families wanting low-maintenance living. The tenancy at $815 per week until October 2026 provides immediate income certainty, making this particularly suited to an investor seeking a turnkey holding in a premium school catchment. The main risk is the fixed tenancy—you cannot occupy or renovate until late 2026, which limits flexibility for owner-occupiers and defers any value-add strategy. The 2004 build is not new, so structural checks on the deck and roof are prudent. However, the elevated position and street setback offer genuine privacy, a rare edge in Indooroopilly. For an investor, the opportunity is to hold for rental yield and land appreciation; for a buyer planning to move in, treat this as a medium-term play with a clear timeline.