Russell Island

Dual Living - Dual Rental Income

Russell Island

  • Price: Dual Living Only $525,000
  • Property Type:HOUSE
  • Location:RUSSELL ISLAND
  • Bedrooms:3
  • Bathrooms:2
  • Car Spaces:3
  • Area:584 sq metres

Book Inspection

Dual Living - Dual Rental Income

A Home with a View – Versatile Living, Income Potential & Northern-End Convenience

Positioned at the northern end of Russell Island, this elevated and spacious residence delivers lifestyle, flexibility, and outstanding investment appeal. Walk to school, shops, and the ferry, with tranquil bushland outlooks and multiple living options that suit families, investors, or extended households.

Motivated owners are committed elsewhere and open to negotiation.

🏑 Upstairs – Light, Space & Entertaining

Open-plan living with raked vaulted ceilings (up to 15ft)

Timber floors throughout and freshly painted interiors

New 9kW reverse-cycle air-conditioning

Refreshed timber kitchen with new appliances and extended breakfast bar

Two generous bedrooms (one with built-in robe)

Ceiling fans, child-safe windows

Main bathroom plus separate toilet

Expansive 12-metre entertainer’s veranda with peaceful bushland views – ideal for BBQs or sunset cocktails 🌿🍹

πŸ›οΈ Downstairs – Flexible Dual Living

Spacious open-plan area with 10ft ceilings and ceiling fan

Timber kitchenette and one-bedroom zone

Well-appointed bathroom with separate laundry and dual entry

Dual garage with drive-through access

Scope to convert to 2–3 additional bedrooms (STCA)

No internal access to upstairs – perfect for dual occupancy

Wheelchair-friendly layout (no stairs)

🌳 Outdoor Living

Covered garden-side veranda for large gatherings

New retaining walls and charming garden entry bridge

7m x 3.5m shed for storage or fishing gear 🎣

Fully fenced yard – safe for kids and pets

Large double gate for boat or vehicle access 🚀

πŸ“ˆ Investment Options

Option 1: Live upstairs, rent downstairs (Airbnb or long-term)

Option 2: Rent as dual income – up to $850 per week potential
(Currently rented at $550 per week as a whole)

Option 3: Ideal for extended families – private, accessible downstairs living

Strong rental appeal, flexibility, and long-term growth potential.

πŸ”‘ Flexible Viewing Options

🚀 Jetty Pickups Available
🏑 Private Inspections at your convenience
πŸ“± Live FaceTime Tours for interstate or overseas buyers

πŸ“ž Contact Our Team Today

Rhys Franz – 0482 171 300
Simon Gordon 0448 884 625
Island Life Property Office – 07 3409 2288
🌐 www.islandlife.au

⭐ β€œAs buyers, sellers, and investors for over 25 years, we highly recommend Island Life.”
⭐ β€œRhys was delightful to deal with – highly recommended.”

πŸ” REIQ Accredited Agency – Trusted Local Experts

Features

  • Air Conditioning
  • Reverse Cycle Air Conditioning
  • Balcony
  • Fully Fenced
  • Outdoor Entertainment Area
  • Secure Parking
  • Broadband Internet Available
  • Built-in Wardrobes
  • Dishwasher
  • Grey Water System

Location Map

Rental Yield Calculator

%

Contact Agent


Get more information about the property
Inspect the property
Obtain the contract of sale
Be contacted about similar properties


What is ?