FOR SALE
Options to buy

1-5 Orme Drive
Russell Island QLD 4184

Bedrooms: 3
Bathrooms: 1
Car spaces: -
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3 titles. Options to discuss to own

1-5 ORME DRIVE, RUSSELL ISLAND
This is the sale of the century!!! Rare opportunity and priced to entice.
A total of 1773 sqm on 3 x separate titles. Includes an amazing house with water views. And all this is being offered for sale for only $450,000.
This exclusive property offers multiple options and value.
Option 1) - House: $345,000 (579 sqm)
Option 2) - House and 1 x block - $365,000 (Approx 1160 sqm)
Options 3) - House and 2 x blocks - $450,000 (Total 1773 sqm)
Amazing elevated position providing water views and is situated at the central top end of the island, within walking distance to ferry terminal, school, shops and RSL.
Rates: $3000 per year all properties amalgamated for rates purposes.
The house attracts a current rental income of $400pw and is currently tenanted by exceptional long-term tenants who would happily stay.
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Property Details for 1-5 Orme Dr, Russell Island

1-5 Orme Dr, Russell Island is a 3 bedroom, 1 bathroom House. The place is currently for sale with Raine & Horne Springwood.

Building Type
House

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About Russell Island 4184

The size of Russell Island is approximately 17.8 square kilometres. It has 64 parks covering nearly 13.3% of total area. The population of Russell Island in 2011 was 2,473 people. By 2016 the population was 2,834 showing a population growth of 14.6% in the area during that time. The predominant age group in Russell Island is 60-69 years. Households in Russell Island are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Russell Island work in a labourer occupation. In 2011, 62.7% of the homes in Russell Island were owner-occupied compared with 63.8% in 2016.

Russell Island has 9,429 properties. Over the last 5 years, Houses in Russell Island have seen a 91.96% increase in median value, while Units have seen a 99.83% increase. As at 31 October 2024:

  • The median value for Houses in Russell Island is $413,334 while the median value for Units is $436,656.
  • Houses have a median rent of $400.
There are currently 618 properties listed for sale, and 17 properties listed for rent in Russell island on OnTheHouse. According to CoreLogic's data, 569 properties were sold in the past 12 months in Russell island.

Suburb Insights for Russell Island 4184

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Karen Dell
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Raine & Horne Springwood
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.