FOR SALE
$89,000

1 Ilumba Street
Russell Island QLD 4184

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 0.0536ha
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Prime Dual-Access Vacant Block with Guaranteed Income Opportunity

Discover the perfect investment or lifestyle opportunity with this exceptional corner block located at the sought-after north end of the island. Offering dual access and situated just moments from all major amenities and the public ferry terminal, this property is ideally positioned for convenience and future growth.
The block features a versatile roller-door shed, perfect for storage or workshop needs, complete with a side alfresco area that doubles as a carport. While council approvals are yet to be obtained, this property holds incredible promise for savvy investors or those looking to build their dream island escape.
Adding to its appeal, the property is already generating additional rental income, with a guaranteed lease in place until March 2025. This provides immediate peace of mind and a steady return on your investment while you plan your next steps.
Don’t miss this rare opportunity to secure a well-located, income-producing block in a thriving island community. Contact us today to arrange a viewing or for more information!
Jessica Wills 0430 075 345
Aaron Wills 0433 313 381
**Please note: Photos are prior to being tenanted**

Property Details for 1 Ilumba St, Russell Island

Building Type
Land
Land Size
0.0536ha

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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 9,428 properties. Over the last 5 years, Houses in Russell Island have seen a 106.63% increase in median value, while Units have seen a 99.83% increase. As at 30 November 2024:

  • The median value for Houses in Russell Island is $423,043 while the median value for Units is $486,371.
  • Houses have a median rent of $420.
There are currently 606 properties listed for sale, and 25 properties listed for rent in Russell island on OnTheHouse. According to CoreLogic's data, 568 properties were sold in the past 12 months in Russell island.

Suburb Insights for Russell Island 4184

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Jessica Stalley
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LJ Hooker Bay Islands
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Disclaimer
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.