37 Highland Street, Russell Island QLD 4184
37 Highland Street, Russell Island QLD 4184
2 bedrooms, 1 bathroom, no parking. 613m² land, 90m² internal. Timber floors, sunroom. Listed at $449,950, estimated value $506,000. Last sold 2013 for $122,500.
The timber floors and sunroom are unusual for this price point in the suburb, giving the house a character that newer builds lack. The land size is generous for a two-bedroom home, which may appeal to buyers wanting space without paying for a third bedroom they do not need. This property sits below the typical three-bedroom standard in Russell Island, making it best suited to first-home buyers or investors looking for a lower entry point into the market. Its position in the suburb is described as a perfect location, which likely means proximity to the ferry or shops, though this is not quantified.
The absence of parking is a material constraint that may limit appeal to families or anyone with multiple vehicles, potentially narrowing the buyer pool. The estimated value being higher than the list price suggests there may be room for negotiation or that the market has not fully re-priced this configuration. The 2013 sale price of $122,500 indicates significant long-term appreciation, but buyers should consider whether future growth will match that pace given the smaller size and lack of parking. The sunroom adds usable space but is not a bedroom, so the effective living area is modest
Detailed Independent Property Report prepared by PropCred Analyst team for 37 Highland Street, Russell Island QLD 4184
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
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
2
Bathroom
1
Parking
-
Land
613m²
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