1 Nerissa CourtUnderwood QLD 4119
Property Details for 1 Nerissa Ct, Underwood
1 Nerissa Ct, Underwood is a 4 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 761m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 4 bedroom House sold in Underwood in the last 12 months.
Last Listing description (September 2025)
Instructions are clear from the vendors: MUST BE SOLD ON OR PRIOR TO AUCTION!
Beautifully maintained and ready to move into, this home is ideal for buyers seeking comfort and convenience today, with the scope to add value tomorrow. Investors will also appreciate the strong rental appeal, the development potential and the prime location for short-long term gains! Rarely do opportunities like this come to market - act quickly, as it won't last long!
Here you have a rare chance, an option to buy a perfectly positioned corner block with 2 street frontages, easy to build with flat land and one of the few blocks left in the area of this potential.
Auction Details:
Auction In-Room
Wednesday 24th Septmeber
@The Glen Hotel Eight Mile Plains
Doors Open @05:00 PM
Auction Starts @06:00 PM
Bidder Regsitration Link: https://auctionslive.com/app/bidder-registration/kkorE
Offer Form Link: https://form.jotform.com/230400470671445
With an option to build high rise and have steady income in management rights and a an easy option to mix commercial spaces with the development, 1 Nerissa Ct. is an opportunity which most developers wait for. Located right in the midst of all the new high rise developments and newly proposed apartment, commercial dwellings and complexes just backing onto Nerissa Court and an easy access to the new motorway exit and the new proposed bus station in Underwood.
A massive opportunity for developers, home buyers and astute investors! Number 1 Nerissa Ct. Underwood is all up for grabs with a total land size of 768m2, a 37.4m frontage on Nerissa Court & 18m frontage on Eleanor Avenue it is the only block up for sale with this kind of potential in the area.
Highlights:
- Medium-High Rise/ Large Units (STCA)
- 1X2 Block subdivision (STCA)
- Flat block with dual street frontage
- High rental yield to offset the holding costs while you get your DA & BA approval
- Perfect for land banking or for developers
- Management rights
- A perfect low-set brick house ready to move into as your first home or for upsizing or downsizing
Central location, walking distance to Underwood Marketplace including a variety of local shops, backing onto a newly developed residential and commercial apartment complexes and office buildings and with a few more commercial and residential projects under construction around the street. These properties on Nerissa Court, Underwood presents a once-in-a-lifetime opportunity for astute investors seeking to land bank, lease out, develop, or even reside amongst other established and increasingly popular properties in the esteemed Underwood locality.
Options to Develop (STCA):
- Apartment complex (High Rise)
- Townhouses
- Childcare centre
- Hotel/Motel
- Aged care facility
- Health care services
- Commercial apartment blocks
- Mixed residential /commercial blocks or apartments
It holds endless potential, all you've to do is enquire!
Obtain rental income to offset the holding cost, demolish and develop the land or land bank for prospects, the choice is yours! Our instructions are clear - this property must be SOLD! To ensure that you do not miss out on this opportunity, register your interest today.
Contact Syed Ali @04165 498 295 or Zishaan Omar @0412 237 860
To register your interest or to book a private inspection.
This is a must-sell auction and opportunities of this calibre don't last. Whether you're looking for a investment, a lucrative development opportunity, this is your chance to secure a rare asset in a highly sought-after corridor.
"RAY WHITE ROCHEDALE has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
We encourage all buyers to do their own feasibility study as we will only provide the one we have from the vendors.''
Property History for 1 Nerissa Ct, Underwood, QLD 4119
- 04 Dec 2025Listed for Rent $750 / week
- 16 Sep 2025Sold for $1,280,000
- 27 Aug 2025Listed for Sale Contact Agent
Recent sales nearby
See more recent sales nearby/assets/perm/itqqpbyahmi6vjpnefzzqobg4y?signature=32e15cb08037ea3917bf0d4e8318d99ab4ce3394d10916cb5a627dc924c99d29){kind=logo}
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0About 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.
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