21 Bernice Avenue, Underwood, QLD 4119 | Other for sale | OnTheHouse
 
FOR SALE
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21 Bernice Avenue
Underwood QLD 4119

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 120m2
Land area: 809m2
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Prime Land Site Development: Opportunity Meets Growth

**Unlock the Treasure Trove of Development Potential at 21 Bernice Avenue, Underwood**! Where opportunity meets growth. **
Introducing 21 Bernice Avenue, Underwood, a developer’s dream in a highly sought-after location. Positioned in a booming suburb, this land site offers unmatched potential, surrounded by ongoing and completed developments that are shaping the future of the area.
Welcome to a prime opportunity in the heart of Underwood—a suburb brimming with growth, connectivity, and development. This land site at 21 Bernice Avenue is zoned for Low-Medium Residential (LMR), making it ideal for innovative residential projects. 809sqm with Great frontage of 19.8m and depth of 40.3m. With ongoing and completed developments already transforming the street, this location is poised for exponential growth.
The investment potential of developments on Bernice Street, Underwood looks promising, given the area's ongoing growth and demand for residential properties. Here are some key factors to consider:
Investment Potential:
1. Strong Development Activity
Multiple new residential projects are underway, including townhouses and apartment complexes.
The presence of social housing developments suggests government investment in infrastructure.
2. Zoning & Growth Potential
Properties in the area fall under Medium Density Residential zoning, allowing for multi-unit developments.
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Property Details for 21 Bernice Ave, Underwood

21 Bernice Ave, Underwood is a 3 bedroom, 1 bathroom Other with 2 parking spaces. The property has a land size of 809m2 and floor size of 120m2. The place is currently for sale with Property Mindset Mastery External.

Building Type
Other
Floor Size
120m2
Land Size
809m2
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About Underwood 4119

The size of Underwood is approximately 4.2 square kilometres. It has 11 parks covering nearly 9.8% of total area. The population of Underwood in 2016 was 6341 people. By 2021 the population was 6809 showing a population growth of 7.4% in the area during that time. The predominant age group in Underwood is 30-39 years. Households in Underwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Underwood work in a professional occupation.In 2021, 70.70% of the homes in Underwood were owner-occupied compared with 67.60% in 2016.

Underwood has 3,372 properties. Over the last 5 years, Houses in Underwood have seen a 103.43% increase in median value, while Units have seen a 101.55% increase. As at 31 October 2025:

  • The median value for Houses in Underwood is $1,217,384 while the median value for Units is $730,342.
  • Houses have a median rent of $720 while Units have a median rent of $520.
There are currently 30 properties listed for sale, and 19 properties listed for rent in Underwood on OnTheHouse. According to Cotality's data, 137 properties were sold in the past 12 months in Underwood.

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