17 Wakehill Road, Russell IslandQLD 4184

Listing data updated 15 June 2026

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.