17 Wakehill Road, Russell Island, QLD 4184

Listing​ ​Price:​ ​$499,000​ ​Negotiable

Looking​ ​for​ ​a​ ​solid​ ​investment​ ​property​ ​with​ ​immediate​ ​rental​ ​income?​ ​This​ ​well-maintained​ ​three-bedroom,​ ​two-bathroom​ ​home​ ​presents​ ​an​ ​excellent​ ​opportunity​ ​to​ ​enter​ ​the​ ​property​ ​market​ ​at​ ​an​ ​affordable​ ​price​ ​point​ ​while​ ​securing​ ​a​ ​long-term​ ​tenant​ ​already​ ​in​ ​place.

Currently​ ​rented​ ​at​ ​$410​ ​per​ ​week​ ​with​ ​a​ ​lease​ ​extending​ ​through​ ​to​ ​2028,​ ​this​ ​property​ ​offers​ ​investors​ ​peace​ ​of​ ​mind​ ​and​ ​consistent​ ​returns​ ​from​ ​day​ ​one.​ ​With​ ​the​ ​rental​ ​amount​ ​due​ ​for​ ​review​ ​in​ ​the​ ​current​ ​market,​ ​there​ ​may​ ​be​ ​future​ ​potential​ ​to​ ​further​ ​improve​ ​returns.

Positioned​ ​in​ ​a​ ​desirable​ ​area​ ​of​ ​Russell​ ​Island,​ ​the​ ​home​ ​features​ ​solid​ ​timber​ ​floors,​ ​a​ ​practical​ ​kitchen,​ ​and​ ​a​ ​fully​ ​fenced​ ​yard,​ ​making​ ​it​ ​an​ ​attractive​ ​residence​ ​for​ ​tenants​ ​and​ ​future​ ​owner-occupiers​ ​alike.

Property​ ​Features

•​ ​3​ ​bedrooms
•​ ​2​ ​bathrooms
•​ ​Solid​ ​timber​ ​flooring​ ​throughout
•​ ​Practical​ ​kitchen​ ​with​ ​ample​ ​storage
•​ ​Fully​ ​fenced​ ​yard
•​ ​Well-maintained​ ​and​ ​tidy​ ​home
•​ ​Long-term​ ​tenant​ ​in​ ​place​ ​until​ ​2028
•​ ​Currently​ ​returning​ ​$410​ ​per​ ​week
•​ ​Rent​ ​review​ ​opportunity​ ​available
•​ ​Located​ ​in​ ​a​ ​sought-after​ ​area​ ​of​ ​Russell​ ​Island
•​ ​Excellent​ ​entry-level​ ​investment​ ​opportunity
•​ ​Priced​ ​at​ ​$499,000

Whether​ ​you're​ ​expanding​ ​your​ ​portfolio​ ​or​ ​purchasing​ ​your​ ​first​ ​investment​ ​property,​ ​this​ ​property​ ​offers​ ​security,​ ​affordability,​ ​and​ ​future​ ​potential.

The​ ​Island​ ​Life​ ​Difference

•​ ​Jetty​ ​pick-ups​ ​available
•​ ​Property​ ​inspections​ ​&​ ​island​ ​tours
•​ ​Area​ ​maps​ ​and​ ​local​ ​insight
•​ ​FaceTime​ ​/​ ​virtual​ ​inspections​ ​available

🏆​ ​Trusted​ ​Local​ ​Experts​ ​–​ ​Locals​ ​for​ ​Locals​ ​🏆

📲​ ​Rhys​ ​Franz​ ​–​ ​0482​ ​171​ ​300
🏆​ ​Russell​ ​Island​ ​Agent​ ​of​ ​the​ ​Year​ ​2025

📲​ ​Simon​ ​Gordon​ ​–​ ​0448​ ​884​ ​625
☎​ ​Office​ ​–​ ​07​ ​3409​ ​2288
🌐​ ​Island​ ​Life​ ​Property​ ​Sales​ ​&​ ​Rentals

🏆​ ​Small​ ​Residential​ ​Agency​ ​of​ ​the​ ​Year​ ​–​ ​Finalist​ ​2025
🏆​ ​Contribution​ ​to​ ​Community​ ​Award​ ​–​ ​Finalist​ ​2025
🏆​ ​REIQ​ ​Accredited​ ​Agency​ ​–​ ​Trusted​ ​Local​ ​Experts

Disclaimer:​ ​While​ ​every​ ​effort​ ​has​ ​been​ ​made​ ​to​ ​ensure​ ​accuracy,​ ​prospective​ ​purchasers​ ​are​ ​encouraged​ ​to​ ​verify​ ​all​ ​information​ ​independently.