Character, Comfort & Returns – The Perfect Island Investment

Looking for an investment property with reliable tenants already in place? Or perhaps you’re ready to buy now and take advantage of today’s prices, with plans to move later?

This spacious 3-bedroom, 2-bathroom family home presents an affordable opportunity to secure a well-established property on the sought-after east side of Russell Island. Yes — for under $500,000, you can enter the market or add this rare find to your investment portfolio.

With new builds now edging into the high $500s and beyond, larger 3-bedroom homes in the $400s are becoming increasingly scarce — especially with such strong rental demand.

Tucked away in a peaceful pocket of Russell Island, 36 Burke Avenue offers a charming, semi-rural feel. Locals often compare this area to a country lane, where ducks and curlews roam freely, and kids can ride their bikes without a care — a true family-friendly enclave surrounded by nature.

From the moment you arrive, you’ll know this corner block is special. Tall trees and tropical gardens welcome you into a fully fenced yard with mulched pathways and new turf, perfect for children and pets. With dual street access, there’s ample space for cars, a boat, or a caravan.

Facing Mallee Street, the freshly painted Hardiplank home stretches north to south, catching the morning sun and basking in the golden afternoon light. A wide timber deck wraps around the home, setting the tone for relaxed island living.

Inside, blonde timber floors lead you into a spacious open-plan living and dining area, complete with a well-designed kitchen and breakfast bar. The layout provides excellent separation between living and sleeping zones, with the master suite privately positioned at the end of the hallway.

All three bedrooms are queen or king-sized, featuring built-ins, ceiling fans, carpet, and security screens. The main bedroom includes air-conditioning and an ensuite, while the family bathroom conveniently services guests and the remaining bedrooms.

A concealed internal laundry sits behind double doors with an adjoining linen cupboard for easy storage.

Enjoy multiple living areas, including a screened outdoor room — perfect for morning yoga, a playroom, secure pet area, or a lush plant retreat.

Step down from the sunroom to the rear yard, where you’ll find a rainwater tank, garden shed, carport access, and clothesline — ideal for easy, low-maintenance island living.

Property Highlights

506m² corner block in a quiet no-through street

Freshly painted, easy-care home

Established gardens with cosy firepit

3 large bedrooms with built-ins & ceiling fans

Main bedroom with ensuite & air-conditioning

Spacious open-plan living & study nook

Large kitchen with new cooktop

Screened outdoor living area

Internal laundry & ample storage

Carport, off-street parking & dual-street access

New septic pump (serviced August 2025)

Water tank & garden shed

Potential to raise or extend (STCA)

Call Olivia 0431122484

Property ID: 1386578