Underwood at a glance
7,651
People
$1,365,000
Median sale
$727/wk
Median rent
2.77%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
QLD › Underwood › Ridgewood St
$800,000
Last sold
30 Sept 2024
3
Bedrooms
1
Bathrooms
3
Car spaces
607 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
$800,000
30 Sept 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
$1,365,000
Median sale
$727/wk
Median rent
2.77%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
Vs Underwood
-41.4%
Median sale
Suburb $1,365,000
+1.96 pp
Gross yield
Suburb 2.77%
Suburb median $1,365,000 from 40 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
$1,365,000
Median sale
$727/wk
Median rent
2.77%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Red Rocket RealtyWelcome to 37 Ridgewood St, Underwood! This delightful property offers comfort, convenience, and a perfect space for family living. Enjoy the open-plan layout that connects the living room to the kitchen, making it ideal for family gatherings and entertaining guests. Large windows allow natural light to fill the room, creating a warm and inviting atmosphere.
The home features three comfortable bedrooms with ample room space. The master bedroom is a tranquil retreat with lush views from the window. The well-appointed kitchen comes with functional appliances and plenty of cabinet space, perfect for all your culinary needs. Step out onto the expansive deck, a perfect spot for alfresco dining and enjoying the beautiful weather. The covered area ensures you can entertain year-round.
Located in the heart of Underwood, you are close to schools, shopping centres, and public transport, making daily commutes a breeze. This property is a must-see for families or anyone looking for a family home with uncapped potential in a sought-after location. Don’t miss out on this fantastic opportunity!
Property Features:
* Three well-sized bedrooms with built-in robe in master bedroom
* Main family bathroom with separate toilet room
* Open plan kitchen provides plenty of cabinet and bench space
* Air conditioning for year-round comfort
* Beautiful covered back deck ideal for all day entertainment
* Separate laundry are with outdoor access
* Two large sheds for extra storage or workshop
* Side access for large vehicles, caravan or boat
* Solar power system
* Child friendly yard & fully fenced 607m2 block
Location:
- 5 min drive to Springwood & Arndale Shopping Centre
- 5 min drive to Springwood Rd State School
- 5 min drive to Underwood Marketplace with a plethora of dining options
- Minutes away to Springwood Busway
- 10 min drive to Garden City Shopping Centre and Sunnybank Plaza
- Multiple parklands within walking distance including Springwood Pumas Australian Football Club
- 20 min drive to Brisbane CBD & 45 min drive to Gold Coast
*Disclaimer*
This property is being sold by auction or without a price and therefore a price guide cannot be provided due to QLD legislation. The website may have filtered the property into a price bracket for website functionality purposes.
Listing description written by Parnam Singh Heir, Red Rocket Realty — reproduced as published, not verified by Districts.