92 Channel StreetRussell Island QLD 4184
Property Details for 92 Channel St, Russell Island
Last Listing description (October 2023)
Gracing old-growth trees and straddled on the corner of Channel and Bira streets, you'll find this amazing 536m2 site at the North-end, ready to build your island home.
If building is not your thing, perhaps rescue a Queenslander (like the neighbour has done) and add even more charm to the neighbourhood. Facing North, this part of Channel Street is a vibrant area on the sunset-side of the island, where you can feel the afterglow of an evening.
With the bonus, East-facing access from Bira Street, you have a few more options for building styles. Perhaps a low-set house and granny-flat, or a high-set with studio accommodation underneath? You really can weigh-up all your ideas to make the property work for you.
Under $50K for a town-block where you can walk to bowling club, community centre, parks, school and shops is almost unheard of, now. So, why is it so cheap? There are several trees which can be retained, but still a few will need removing or trimmed back to allow space for a house. This comes at a cost and is sensibly factored into the asking price.
Having said that, the block has easy dual-street access and is level, which cuts overall building costs.
If you're a builder looking for a new project, this could be the one. As you may already know, you make your money on the way INTO a deal, not on the way OUT. Ponder that for a moment.
Russell Island is becoming a popular choice for families, tradies, retirees and those looking to have a peaceful environment to dwell. It's no wonder that building a new home holds an alluring appeal. But, buying on the islands offers cheaper land, to make it happen sooner.
Imagine what you can do with this excellent corner-block at 92 Channel Street?
Call Chris McGregor on 0420 555 997 to grab this opportunity with both hands, while it lasts.
Property History for 92 Channel St, Russell Island, QLD 4184
- 03 Oct 2023Sold for $49,950
- 22 Sep 2023Listed for Sale $49,950 - Under Contract
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0About 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.
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