31 Jackson Road, Russell Island QLD 4184
31 Jackson Road, Russell Island QLD 4184
Renovated 4-bed brick house | Northern Russell Island location | Level 607mΒ² block | Move-in ready condition | Proximity to ferry and club.
This property presents a competitively strong offering within its market, primarily due to its renovated condition and superior northern island positioning. The combination of low-maintenance brick construction, a fully fenced level block, and a four-bedroom configuration is rare for the area and serves families or investors seeking immediate occupancy without compromise. Its location within 120 metres of the Bowls Club and relative proximity to ferry access reinforces its appeal to buyers prioritizing convenience within the island lifestyle.
Proceed with the understanding that island property markets carry specific liquidity risks and access constraints that can affect holding costs and exit timelines. The commercial logic here is securing a modernized home in a preferred precinct, which should sustain rental demand and buffer against value volatility in less desirable parts of the island. Acquire this as a long-term hold for occupancy or rental, and utilize a detailed property report to validate its pricing against recent sales and to assess locality-specific insurance exposures.
Recent comparable sales indicate this property’s value proposition:
– 31 Tails Street (1km away): Specifics unavailable but provides a geographic benchmark.
– 44 Bradman Street: Further supports the local price range.
– 104-114 Canaipa Road: A $1.75M outlier for a 3-bed/1-bath property, not a direct comparison.
These comparables, while limited, confirm transactions are occurring in the area, but the renovated nature and larger bedroom count of this subject property should command a premium over typical older stock.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
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.