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
$1,080,000
Last sold
6 Feb 2025
4
Bedrooms
2
Bathrooms
3
Car spaces
984 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
$1,080,000
6 Feb 2025 · 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
-20.0%
Median sale
Suburb $1,350,000
+0.70 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
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 LJ Hooker Property Partners | Sunnybank HillsPositioned in the heart of Underwood, this lowset brick-veneer home offers an exceptional investment opportunity with medium density residential zoning (MDR), allowing for future development potential. Whether you're looking to redevelop, extend, or hold as an investment, this property offers incredible flexibility. Plus, with a new aircon in the living room and a recently renovated kitchen and bathroom, this home is move-in ready while you plan for the future.
Top 5 Features:
- Medium density residential zoning - perfect for future redevelopment (townhouses or units STCA)
- New aircon in living room & beautifully renovated kitchen and bathroom
- Generous backyard area featuring a shed for additional storage
- Expansive living areas & separate master bedroom with ensuite bathroom
- Prime location within walking distance to bus stop, shops, Library, and local restaurants
In Brisbane, MDR zoning allows for the development of multiple dwellings such as townhouses, apartments, or units (Subject to Council Approval - STCA), making this property an outstanding choice for investors looking to capitalise on future growth in the area.
Inside, you'll find spacious living areas that flow effortlessly to the stylishly renovated kitchen, fitted with modern appliances and ample storage. The separate master suite includes its own ensuite, providing privacy and comfort, while additional bedrooms feature built-in robes for easy living.
The property has a generous backyard with an undercover entertaining area and a large shed, perfect for extra storage or a workshop.
Located just a short stroll to public transport, shops, Logan North Library, and local restaurants, this location offers convenience and lifestyle appeal while holding immense future potential for redevelopment. You'll enjoy easy access to:
- 900m to Springwood Mall with shopping, dining, and entertainment options
- 850m to Major supermarkets including Coles and Woolworths
- 600m to A diverse selection of restaurants, cafes, and takeaway options
-900m to Local parks and recreational facilities
- 700m to The Aquatic Centre
- 700m to Logan North Library
- 400m to Public transport links with bus stops nearby
- Access to major motorways for an easy commute to Brisbane CBD and the Gold Coast
Whether you're an investor looking to capitalise on Underwood's booming growth or a family searching for a spacious and conveniently located residence, this property ticks all the boxes. With future development potential and an unbeatable location, the possibilities are endless.
Contact Gary Liu today to arrange your inspection and take the first step towards securing your future!
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 Gary Liu, LJ Hooker Property Partners | Sunnybank Hills — 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.