7 Wakehill Rd, Russell Island is a 2 bedroom, 1 bathroom House and was built in 1980. The property has a land size of 536m2 and floor size of 83m2.This Property is currently listed for sale with Island Life
*Building & Pest report available - inspected on 02/07/2026*
Don't miss this fantastic opportunity to secure a charming high-set Queenslander. Offering character, potential & lifestyle. Priced at $465,000, this home has space and endless potential. Whether you're looking for your first home, an investment property or your next renovation project, this well-presented home is well worth your inspection.
Featuring polished timber floors, high ceilings and a beautifully updated kitchen with timber benchtops, the home retains its classic Queenslander charm while offering comfortable modern living. Downstairs provides a huge high ceiling height area with exciting potential to create additional living space, bedrooms or a bathroom (subject to the necessary approvals), making this a property you can truly add value to over time.
Set on a generous, fully fenced allotment, there's plenty of room for children, pets, boats or caravans, while still enjoying the relaxed lifestyle Russell Island has to offer.
Property Features
Two generous bedrooms
Study/sleepout
Well-appointed bathroom
Spacious separate lounge room
Open-plan kitchen and dining area
Modern kitchen with quality timber benchtops
Polished timber floors throughout
High ceilings with classic Queenslander character
Air-conditioned living area
Huge legal-height area underneath with outstanding potential for further development (subject to approvals)
Fully fenced, level allotment
Rainwater tank for gardening
Why Russell Island?
Just 20 minutes by passenger ferry to Redland Bay
Easy access to Brisbane and the Gold Coast
Fantastic boating, fishing and water sports
Beautiful conservation areas and scenic walking trails
Relaxed island lifestyle with a welcoming community
Strong growth and excellent long-term investment potential
The Island Life Difference
Jetty pick-ups available
Property inspections and island tours
Area maps and local knowledge
FaceTime and 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
www.islandlife.au
Small Residential Agency of the Year Finalist 2025
Contribution to Community Award Finalist 2025
REIQ Accredited Agency Trusted Local Experts
Disclaimer
Whilst every effort has been made to ensure the accuracy of this information, interested parties should make their own enquiries. Images, floor plans and marketing material may include virtual staging, AI enhancements or digital editing for marketing purposes and should not be relied upon as an exact representation of the property.
The size of Russell Island is approximately 17.8 square kilometres. There are 64 parks, covering nearly 13.3% of the total area. The population of Russell Island in 2016 was 2836 people. By 2021 the population was 3698 showing a population growth of 30.4% 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 community and personal service occupation.In 2021, 70.30% of the homes in Russell Island were owner-occupied compared with 63.80% in 2016.
Russell Island has 9,449 properties. Over the last 5 years, Houses in Russell Island have seen a 101.41% increase in median value, while Units have seen a 99.83% increase. As at 30 June 2026:
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