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Sold on 10 Feb 2024 for $89,950

50-52 Cowderoy Drive
Russell Island QLD 4184

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1174m2
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Property Details for 50-52 Cowderoy Dr, Russell Island

Building Type
Land
Land Size
1174m2
Local Government
Redland
Lot/Plan
378/RP122869

Last Listing description (February 2024)

It does happen—but not often—that you can get two blocks on separate titles in a good location on Russell Island.

50-52 Cowderoy Drive offers two 587m2 sites on the breezy East-side, parallel to Centre Road. Mostly-cleared, with a fringe of privacy remaining, this 1174m2 allotment is ready to build your dream project.

Located half-way between the town centre and Sandy Beach; close to the public boat ramp in Wahine Drive; and just a few blocks from the free tip and conservation reserves, it offers so many options to the savvy purchaser.

If you:
• need more space for your project, keep both and use the entire footprint
• want a quick return, build on one and sell the other
• have the time to wait, land-bank and develop when you’re ready
• require passive income to live comfortably, build on both and rent one out
• know a bargain when you see one, take advantage of this rare deal
• have the money to build now, then jump into gear and create your dream-home

The fertile red-earth rises gently from the road and faces true East, for the sunrise. The rear is fenced and the natural streetscape makes this a good choice for a private family home. A wide level clearing shows the usable space, potentially only needing to remove a few trees. Or better still, design a home which can retain them!

Facing the junction of Seaward Drive and near to Gay Terrace, this quiet locale is starting to come alive with new-builds going up, as soon as blocks are sold.

Is the fear of missing out driving you to despair?

Look no further and call Chris McGregor on 0420 555 997 to live your wildest dream.

Property History for 50-52 Cowderoy Dr, Russell Island, QLD 4184

A timeline of how this property has performed in the market
Last Sold
$89,950
10 Feb 2024
  • 26 Feb 2024
    Sold for $89,950
  • 16 Aug 2023
    Sold for $95,000
  • 09 Jun 2022
    Listed for Sale $105,000
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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.

Suburb Insights for Russell Island 4184

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Chris Mcgregor
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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.