FOR SALE
$379,950 - Under Contract!

96 Treasure Island Avenue
Karragarra Island QLD 4184

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 64m2
Land area: 589m2
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Have you ever wanted to live on an island without cars, fuel bills, or road rage? Have I got a deal for you?
I have just inspected a two-bedroom starter home on Karragarra Island. I say starter home because it will be on the lower end of the real estate scale, but it has such potential. The address is only one street away from the water channel, which means a 1 km walk to the ferry terminal to the islands and the mainland.
This is a WIWO deal. When you buy the house, you get everything included. You have possibly four choices as the owner. 1) Leave it as it is and use it as your holiday home. 2) Continue renovating and add value to an existing dwelling, 3) spruce it up and become a landlord, or 4) Raise it to the ground and build your dream home. It is all up to you and your imagination.
It is positioned in a quiet street on the island. (Let's face it: with little traffic, everywhere is quiet.) The neighbourhood is friendly and safe for the kids to ride their bikes like they used to before helicopter parents had to watch out for speeding cars.
It is constructed of concrete sheeting and has a basic but workable floor plan. ATM has two bedrooms, a shower room with vanity, a separate toilet, and a combined lounge and dining area. The start of a kitchen is in progress. A covered back area is suitable for the laundry, and the backyard has plenty of room for a vegetable garden or fruit trees.
The main bedroom has double French doors leading onto a covered verandah along the front of the house facing the East. Both bedrooms could be extended onto this space to allow more room for built-in robes.
There is no garage as such, but there is enough room to erect a carport in the front yard, accessed through double gates.
Features:
Fully fenced.
Fans and A/c in lounge room/dining and B.1.
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Property Details for 96 Treasure Island Ave, Karragarra Island

96 Treasure Island Ave, Karragarra Island is a 2 bedroom, 1 bathroom House. The property has a land size of 589m2 and floor size of 64m2. The place is currently for sale with Bay Islands Property.

Building Type
House
Floor Size
64m2
Land Size
589m2

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About Karragarra Island 4184

The size of Karragarra Island is approximately 1 square kilometres. It has 4 parks covering nearly 3% of total area. The population of Karragarra Island in 2011 was 160 people. By 2016 the population was 205 showing a population growth of 28.1% in the area during that time. The predominant age group in Karragarra Island is 60-69 years. Households in Karragarra Island are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Karragarra Island work in a professional occupation. In 2011, 80.5% of the homes in Karragarra Island were owner-occupied compared with 79.2% in 2016.

Karragarra Island has 255 properties. Over the last 5 years, Houses in Karragarra Island have seen a 69.68% increase in median value. As at 31 August 2024:

  • The median value for Houses in Karragarra Island is $425,608 while the median value for Units is $95,106.
  • Houses have a median rent of $285.
There are currently 10 properties listed for sale, and no properties listed for rent in Karragarra island on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Karragarra island.

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Chris Mcgregor
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Amy Todd
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Bay Islands Property
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