Underwood at a glance
7,651
People
$1,350,000
Median sale
$727/wk
Median rent
2.80%
Suburb gross yield
Median sale from 41 recorded sales (last 12 months) — a Districts calculation.
QLD › Underwood › Nerissa Ct
4
Bedrooms
1
Bathrooms
4
Car spaces
761 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in Underwood (last 5 years) with land size have a median of $1,686/m² of land (n=80). Districts calculation from recorded sales — not a valuation.
Underwood at a glance
7,651
People
$1,350,000
Median sale
$727/wk
Median rent
2.80%
Suburb gross yield
Median sale from 41 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $727/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Underwood at a glance
7,651
People
$1,350,000
Median sale
$727/wk
Median rent
2.80%
Suburb gross yield
Median sale from 41 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White RochedaleInstructions are clear from the vendors: MUST BE SOLD ON OR PRIOR TO AUCTION!
Beautifully maintained and ready to move into, this home is ideal for buyers seeking comfort and convenience today, with the scope to add value tomorrow. Investors will also appreciate the strong rental appeal, the development potential and the prime location for short-long term gains! Rarely do opportunities like this come to market - act quickly, as it won't last long!
Here you have a rare chance, an option to buy a perfectly positioned corner block with 2 street frontages, easy to build with flat land and one of the few blocks left in the area of this potential.
Auction Details:
Auction In-Room
Wednesday 24th Septmeber
@The Glen Hotel Eight Mile Plains
Doors Open @05:00 PM
Auction Starts @06:00 PM
Bidder Regsitration Link: https://auctionslive.com/app/bidder-registration/kkorE
Offer Form Link: https://form.jotform.com/230400470671445
With an option to build high rise and have steady income in management rights and a an easy option to mix commercial spaces with the development, 1 Nerissa Ct. is an opportunity which most developers wait for. Located right in the midst of all the new high rise developments and newly proposed apartment, commercial dwellings and complexes just backing onto Nerissa Court and an easy access to the new motorway exit and the new proposed bus station in Underwood.
A massive opportunity for developers, home buyers and astute investors! Number 1 Nerissa Ct. Underwood is all up for grabs with a total land size of 768m2, a 37.4m frontage on Nerissa Court & 18m frontage on Eleanor Avenue it is the only block up for sale with this kind of potential in the area.
Highlights:
- Medium-High Rise/ Large Units (STCA)
- 1X2 Block subdivision (STCA)
- Flat block with dual street frontage
- High rental yield to offset the holding costs while you get your DA & BA approval
- Perfect for land banking or for developers
- Management rights
- A perfect low-set brick house ready to move into as your first home or for upsizing or downsizing
Central location, walking distance to Underwood Marketplace including a variety of local shops, backing onto a newly developed residential and commercial apartment complexes and office buildings and with a few more commercial and residential projects under construction around the street. These properties on Nerissa Court, Underwood presents a once-in-a-lifetime opportunity for astute investors seeking to land bank, lease out, develop, or even reside amongst other established and increasingly popular properties in the esteemed Underwood locality.
Options to Develop (STCA):
- Apartment complex (High Rise)
- Townhouses
- Childcare centre
- Hotel/Motel
- Aged care facility
- Health care services
- Commercial apartment blocks
- Mixed residential /commercial blocks or apartments
It holds endless potential, all you've to do is enquire!
Obtain rental income to offset the holding cost, demolish and develop the land or land bank for prospects, the choice is yours! Our instructions are clear - this property must be SOLD! To ensure that you do not miss out on this opportunity, register your interest today.
Contact Syed Ali @04165 498 295 or Zishaan Omar @0412 237 860
To register your interest or to book a private inspection.
This is a must-sell auction and opportunities of this calibre don't last. Whether you're looking for a investment, a lucrative development opportunity, this is your chance to secure a rare asset in a highly sought-after corridor.
"RAY WHITE ROCHEDALE has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
We encourage all buyers to do their own feasibility study as we will only provide the one we have from the vendors.''
Listing description written by Syed Ali, Ray White Rochedale — reproduced as published, not verified by Districts.
Nearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.