17 Wakehill Road, Russell Island QLD 4184
17 Wakehill Road, Russell Island QLD 4184
3/2 configuration desirable | well-maintained condition | parking inconsistency noted | typical island lot size | suitable for first-home buyers
A 3-bedroom, 2-bathroom configuration is offered, which sits well within Russell Island’s mainstream detached stock where many listings are smaller 2-bedroom dwellings or land-only holdings. The well-maintained condition is noted as a signal of presentable livability, which supports its appeal to owner-occupiers seeking a move-in-ready home. The property is positioned in the upper end of the island’s entry-level market, making it a fit for first-home buyers and downsizers looking for a modest but functional property on a typical 546 m² lot.
The inconsistency in parking records between one carport and two spaces might be a point of negotiation for some buyers. The absence of confirmed build year or floor level may lead to questions about the property’s suitability regarding flood or ground conditions, which could influence the final price. Limited specification details on finishes and outdoor features might moderate expectations for premium value.
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Wakehill Road, Russell Island QLD 4184
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Russell Island offers an affordable entry into the southern Moreton Bay property market, characterised by diverse housing and a relaxed island lifestyle. Demand is driven by retirees, families, and investors seeking lifestyle change or capital growth, attracted by low median prices around $430k-$479k and natural beauty. Recent annual house price growth is strong, ranging from 10% to 15.5%, though the market exhibits caution with median days on market varying from 58 to 153 days. Future growth is underpinned by land availability and increasing interest in island retreats, yet reliance on ferry access and variable sales volumes present inherent constraints to broader appeal.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
546m²
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