6 Allamanda Street, Russell Island QLD 4184
6 Allamanda Street, Russell Island QLD 4184
3 bed family house | 615m² fenced block | side access for boat or trailer | solar panels and workshop garage | established garden outlook
This house offers a genuinely practical layout for island living, with the open-plan living area opening onto a covered verandah and a fully fenced yard that gives children or pets room to move. The oversized garage with workshop potential is a rare find at this price point, and the side access with double gates means a boat, trailer, or caravan can be stored securely on the property. It sits comfortably above the basic land-only stock common in the suburb, appealing most to owner-occupiers who want a move-in-ready home with low running costs, thanks to the solar panels and air-conditioned living space.
The value of this property may be influenced by the quality of the presentation and any updates made to the kitchen or bathroom, as these areas often determine how quickly a house sells. The 615m² block is typical for the street, so the house itself carries most of the weight in pricing. Buyers should weigh the convenience of having everything functional now against the potential to add value through cosmetic improvements or extending the workshop area. The lack of a confirmed build year means the condition of the roof and plumbing should be inspected carefully before committing.
|| Comparable Sales: 14 Allamanda sold at $210,000 on 597m²; 8 Allamanda similar 3/2/2 on 615m² recently sold | Property Price Band: $500,000–$600,000 | Value Drivers: condition of the dwelling, side access and garage versatility, established garden and fenced yard appeal
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Allamanda Street, Russell Island QLD 4184
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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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: 14 Allamanda sold at $210,000 on 597m²; 8 Allamanda similar 3/2/2 on 615m² recently sold | Property Price Band: $500,000–$600,000 | Value Drivers: condition of the dwelling, side access and garage versatility, established garden and fenced yard appeal
Bedrooms
3
Bathroom
2
Parking
1
Land
615m²
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