84 Kings Road, Russell Island QLD 4184
84 Kings Road, Russell Island QLD 4184
Corner block with north aspect | Four bedrooms, two bathrooms | Double garage | Vacant land recently developed
This property presents a competitively strong offering as a newly completed house on a substantial north-facing corner block, a configuration that maximizes light and privacy. The four-bedroom, two-bathroom layout with secure double garage serves the family buyer segment effectively, providing immediate utility without renovation overhead. Its position as a completed dwelling on recently transacted land offers a turnkey solution in a market where construction delays and costs remain a material risk.
The primary decision point is the valuation gap between the last known land price and the current offering price for the completed house. You must ascertain whether the premium reflects market-aligned construction quality and finishes, as no data exists on build age or specifications. Proceed only with a stringent building inspection and a clear valuation; this property is best held as a long-term primary residence to amortize that cost basis, not as a short-term holding.
Nearby at 82 Kings Road, a two-bedroom property recently sold. This transaction suggests established buyer demand on the street, though the direct comparability is limited due to the bedroom count disparity. Your four-bedroom home inherently commands a premium in this setting, but the precise quantum must be validated against other local sales of similar size.
Detailed Independent Property Report prepared by PropCred Analyst team for 84 Kings Road, Russell Island QLD 4184
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
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
Bathroom
Parking
2
Land
577m²
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