21 Bernice Avenue, Underwood, QLD 4119 | Other for sale | OnTheHouse
 
FOR SALE
2,100,000

21 Bernice Avenue
Underwood QLD 4119

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 120m2
Land area: 809m2
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Prime Development Opportunity – 21 Bernice Avenue, Underwood

Positioned within one of South East Queensland’s fastest-growing urban corridors, 21 Bernice Avenue presents a rare opportunity to secure a strategically located site ideal for apartment development in the heart of Underwood.
Set on an 809m² allotment with Low-Medium Density Residential (LMR) zoning, the property features a generous 19.8m frontage and 40.3m depth, which offers a strong foundation for a boutique apartment project (STCA).
The site is surrounded by emerging medium-density developments, reinforcing its suitability for a well-designed residential apartment complex that capitalises on strong local demand and future growth.
Apartment Development Potential (STCA)
The site is surrounded by emerging medium-density developments, reinforcing its suitability for a well-designed residential apartment complex that capitalises on strong local demand and future growth.
Apartment Development Potential (STCA)
- Boutique apartment complex
- Strong demand for 1, 2 & 3-bedroom configurations
- Proven development activity in the immediate surroundings
- Positioned within the Greater Springwood Masterplan growth corridor
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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 Hamilton Wilkes.

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. There are 11 parks, covering nearly 9.8% of the 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 3,407 properties. Over the last 5 years, Houses in Underwood have seen a 105.54% increase in median value, while Units have seen a 123.64% increase. As at 30 June 2026:

  • The median value for Houses in Underwood is $1,410,405 while the median value for Units is $880,496.
  • Houses have a median rent of $750 while Units have a median rent of $595.
There are currently 39 properties listed for sale, and 30 properties listed for rent in Underwood on OnTheHouse. According to Cotality's data, 152 properties were sold in the past 12 months in Underwood.

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John Lawler
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Hamilton Wilkes
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