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88 Russell Street, Russell Lea NSW 2046

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$500k - $10M Medium Confidence Calculated based on our search observations.

House 4 Beds 2 Baths 2 Cars 518 m²

Listed: 23rd Jul 2026

Updated: 31st Jul 2026

Overview

Set on a valuable 518.5 square meter corner block with an 18.29 meter frontage, this Federation-style house blends classic charm and significant development potential, making it a unique prospect for home buyers and developers alike.

The property's generous land size and prominent corner position offer rare versatility, with approved concept plans available for both a high-end duplex and a trio of contemporary terrace homes. These options allow for tailored architectural creations that would appeal to discerning buyers looking for luxury residences or savvy investors seeking boutique multi-dwelling development opportunities within one of Sydney's desirable suburbs.

Inside, the home retains original character features including soaring ceilings, timber floorboards, and traditional fireplaces, creating a warm and inviting ambiance. The layout caters to both formal and informal living, enhanced by leadlight windows and a wrap-around veranda that maximizes indoor-outdoor flow. The north-facing backyard is a bright and private space, thoughtfully designed with low maintenance gardens and a hot tub, ideal for entertaining or relaxing in a tranquil setting.

Functionality is well-addressed with a gas stove-equipped kitchen featuring a tiled splashback, two bathrooms, indoor laundry, air conditioning, and ample storage. Secure parking is provided by an internal double lock-up garage with convenient access from Pine Avenue. From this elevated location, there is prospect of future city skyline and water views from a possible second storey, further boosting the property’s appeal.

This home suits families seeking a distinctive established residence, developers or builders intending to capitalize on the land’s potential, and investors aiming to acquire a flexible asset in a suburb close to cafes, quality schools, waterfront parklands, and the forthcoming Five Dock Metro. Approximately eight kilometers from Sydney’s CBD, the location offers excellent accessibility while maintaining a village-like atmosphere.

Local Market Insights

In Russell Lea, Quiet Listings observed 21 new houses entering the market over the last 30 days, up from 17 during the previous 30-day period, with an average advertised asking price of $3,161,905. The property type mix of listed properties is predominantly Houses at 52%, followed by apartments (23%), and duplexes (10%). The most active agency for houses in the Russell Lea area is currently Ray White, representing 24% of new listings, followed by The Agency with 14%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.