37 Borrows Street, Russell Island QLD 4184
37 Borrows Street, Russell Island QLD 4184
751m² bush-edge block | 3 bed 2 bath 3 car layout | Sealed road near village and ferry | Quiet conservation outlook | Improved family or lifestyle buy
The property’s core strength is its rare combination of a generous 751m² block with a three-car configuration and a three-bedroom, two-bathroom layout—more substantial than typical island stock, which skews toward smaller homes or vacant land. Its position on a sealed road facing council conservation land delivers a permanent bush outlook with birdlife, a quiet setting that appeals strongly to tree-changers, downsizers, and owner-occupiers seeking affordability without isolation. Proximity to village shops and the ferry adds practical convenience, making this a practical choice for those wanting island character with everyday access. The vinyl plank flooring throughout living areas suggests a recent refresh, reducing immediate maintenance concerns for a buyer focused on move-in readiness.
The property’s value may be shaped by its bushfire overlay exposure, which could affect insurance costs and vegetation management expectations, though this is common across the suburb. The absence of confirmed flood or heritage overlays is a positive signal, while the exact build era and construction type remain unverified—older homes may require budget for structural updates. The conservation-adjacent position might limit future extension options on one side, but it also protects the outlook permanently. Buyers should weigh the ferry dependence and island service constraints against the lower entry price relative to mainland equivalents, and consider whether the 3/2/3 configuration matches their long-term space needs.
Detailed Independent Property Report prepared by PropCred Analyst team for 37 Borrows Street, Russell Island QLD 4184
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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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: 25 Borrows Street sold—2 bed, 1 bath, 1 car on 597m²; 31 Borrows Street listed at $278,000 for 1469m² land | Property Price Band: $600K–$700K | Value Drivers: Land size, three-car utility, bush outlook, sealed-road convenience
Bedrooms
3
Bathroom
2
Parking
3
Land
751m²
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