7-9 Bimbad Cres, Russell Island QLD 4184

Double block, original brick house | rare 1093m² island parcel | bushfire overlay present | suited to renovator or investor The property’s primary competitive strength is its double-block landholding, a configuration rarely available on Russell Island and offering genuine flexibility for subdivision, dual-occupancy, or simple expansion. The 214m² building footprint on a 1093m² site gives a buyer unusual scope to add value through renovation or redevelopment without the constraints of a standard single lot. For a renovator or investor seeking entry into a lower-priced coastal market, the fully tiled interiors and open-plan layout reduce initial refurbishment complexity. The property sits within established school catchments and enjoys broadband availability, supporting both owner-occupier and tenant demand in an area where 72% of homes are owner-occupied. The bushfire overlay is the most material risk, increasing insurance costs and potentially limiting finance options for some buyers. The original condition means immediate capital outlay for kitchen, bathroom, and structural upgrades if livability is required. No flood or heritage overlays reduce regulatory friction, and the absence of a sales history suggests a motivated vendor. The estimated value range of $454,000–$532,000 indicates the asking price sits below market, creating a margin for renovation costs. Hold for capital growth through land appreciation, or renovate to rent at a projected $380 per week median income.