SOLD
Sold on 20 Apr 2024 for $975,000

25-35 Wilma Crescent
Russell Island QLD 4184

Bedrooms: 9
Bathrooms: 9
Car spaces: -
Floor area: 102m2
Land area: 10720m2
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Property Details for 25-35 Wilma Cres, Russell Island

Building Type
Commercial
Year Built
2010
Floor Size
102m2
Land Size
10720m2
Local Government
Redland
Lot/Plan
118/RP137228

Last Listing description (April 2024)

Auction: Saturday 20 April 2024, 11AM, on site.

2.5 acres (10,070m2) of waterfront property, returning $80,000 + PA.

Located in the pristine Southern Moreton Bay, within 50km of Brisbane and the Gold Coast, is this ideal investment property. With a two bedroom house plus 7 cabins, lease the whole property, or live on the property with an income.

Looking north from the veranda of your waterfront home, enjoying the morning sun glistening on the bay, enjoying your morning coffee, while contemplating taking the boat out for a few hours fishing...

The first 6 cabins concrete block and were build a a holiday resort in about 1970. The house and the 7th cabin were both built about 12 years ago.

Zoned Rural Non Urban with the approved land use of a Caravan Park, this property comprises of a three bedroom managers residence, 7 cabins, presently generating a total income of approximately $80,000, with the potential for further income, potentially up to $100,000 Gross PA.

This 1.07 Ha (2.64 acre) waterfront property is a truly unique island property. For you new island lifestyle with an income you can not afford not to insect this magnificent property, there are no other properties like this available on the island. Inspections are strictly by appointment only, call Chris now on 0420 555 997 to book your personal inspection.

Auction:
Saturday 20 April 2024, 11AM, on site.

Contact our office today for a copy of:
- The Draft Purchase Contract
- Bidder Registration Documents
- Auction Terms and Conditions

Price:
In Queensland, by law it is illegal for the listing Agent/Office to discuss a price or a price range/guide for a property which is listed for Auction. All interested parties must do their own independent price research.

Property History for 25-35 Wilma Cres, Russell Island, QLD 4184

A timeline of how this property has performed in the market
Last Sold
$975,000
20 Apr 2024
Listed for Rent
$240/w
12 Nov 2014
  • 20 Apr 2024
    Sold for $975,000
  • 19 Mar 2024
    Listed for Sale Auction 20 April
  • 12 Dec 2020
    Listed for Sale Offers From 1 Million
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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 9,432 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 621 properties listed for sale, and 17 properties listed for rent in Russell island on OnTheHouse. According to CoreLogic's data, 567 properties were sold in the past 12 months in Russell island.

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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.