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.
$1,320,000
Last sold
9 Aug 2024
5
Bedrooms
4
Bathrooms
3
Car spaces
918 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
$1,320,000
9 Aug 2024 · derived via latest_sale
Local land rate: recorded House sales in Underwood (last 5 years) with land size have a median of $1,692/m² of land (n=79). 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.
Vs Underwood
-2.2%
Median sale
Suburb $1,350,000
+0.06 pp
Gross yield
Suburb 2.80%
Suburb median $1,350,000 from 41 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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
UnknownNearby 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.
Area
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 Red Rocket RealtyWith many families looking for flexibility in their home these days - whether that be to build a brand new home, accommodate elderly parents, the ability to earn extra income to help pay the bills, to have space to work efficiently from home or even to establish a business on their premises - there's huge demand for adaptable homes. These two properties will tick all your boxes.
At the forefront of the block a well presented family home with , with open plan kitchen and spacious air conditioning living areas. There are three good sized rooms and two full bathrooms with one of them just recently renovated. A big separate living space, and a kitchen/ dining room complete the interior. also new wiring throughout.
Granny Flat:
The recently renovated granny flat is ideal for dual living, it has been designed with a fully fenced rear entrance catered for larger families. The well designed granny flat has two rooms, one of them with ensuite, 2 modern bathroom, and a very spacious kitchen/dining area with a comfortable living/dining and very large rumpus area for extra comfort and space. All bedrooms have ceiling fans and main living area with air conditioning.
These both properties will suit investors who are looking for a larger rent return or large families with so many options these properties will adapt to your changing life!
Property Features:
* Five good sized rooms across both properties
* Four well presented bathrooms across both properties
* Air conditioning throughout both properties
* Fully fenced granny flat with solar power system
* Carport accommodation
* Potential income combined of $1,250 to $1,350 per week rental appraisal
* Subdivision Potential 1 into 2 lots - (Approx 500m2 & 400m2) *Subject to Council Approval
* Knockdown and rebuild option for new home at the front to enjoy beautiful elevated mountain views
* Intergenerational home - Perfect for larger or extended families with dual living potential
* Massive land size of 918sqm allotment in total
* Situated on Harris Road, a peaceful cul-de-sac, this property offers tranquillity and privacy
* Close proximity to parks, offering direct access to recreational spaces and nature
Prime Location:
* Minutes from shopping hubs at Underwood Market Place, Springwood & Westfield Mount Gravatt
* School catchment for Eight Mile Plains State School and Rochedale State High School
* Minutes to New Eight Mile Plains Satellite Hospital coming soon
* Public transport with Eight Mile Plains & Springwood Busways nearby
* Less than 20 Minutes to Brisbane CBD
* Direct access to Gold and Sunshine coasts (M1), Logan Motorway and Gateway Arterial
PLEASE don’t miss out on this fantastic opportunity. Call Parnam Singh today to arrange a visit. You will NOT regret visiting this one.
Disclaimer:
All information contained herein is gathered from sources we consider to be reliable however we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
Listing description written by Parnam Singh Heir, Red Rocket Realty — reproduced as published, not verified by Districts.