42-44 Belgrave Road, Russell Island QLD 4184

42-44 Belgrave Road, Russell Island QLD 4184
High-set house | double block 1102mยฒ | Russell Island quiet street | 2-bed 1-bath 3-car This property offers a rare configuration advantage on Russell Islandโ€”a high-set house on a consolidated double block of 1102 square metres, which is uncommon for a two-bedroom dwelling. The double lock-up garage and additional storage downstairs provide practical separation of living and utility space, while the timber flooring and natural airflow support comfortable subtropical living. For a buyer seeking land content with a functional dwelling, this property positions well as either a permanent residence in a growing commuter island or a hold for future subdivision potential, given the site’s size and zoning. The primary risk is the property’s location on Russell Island, where resale liquidity is lower than mainland suburbs and demand is more seasonal, meaning holding periods may be longer. The lack of a listed price and inconsistent data across sources suggest careful due diligence is required on boundary lines and any encumbrances from the combined lots. However, the double block itself is the commercial logicโ€”buy it for the land, use the house as a low-maintenance hold, and consider a future lot reconfiguration when market conditions favour island development.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

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.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

3

Land

1102mยฒ

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat