23 Caloma Street

Underwood QLD 4119

Positioned in one of the area's most desirable and well-connected locations, this expansive 1,376sqm property presents an outstanding opportunity for developers, investors, homebuyers, or those looking to land bank for the future. Zoned for Low to Medium Density Residential use (STCA), it offers excellent potential for a boutique townhouse or unit development, while also appealing to those seeking a spacious family home and renovation upside. Whether you're planning an immediate project or securing a prime site for long-term growth, this property delivers exceptional value and flexibility in a high-demand area.This classic tri-level brick residence stands proud on a wide street, surrounded by quality homes and established gardens. The home is ready to enjoy as is, yet also invites updates or transformation to suit your vision.Inside, the upper level features a generous open-plan lounge and dining area with polished timber floors and a leafy outlook. The functional kitchen offers ample bench space and cabinetry, with easy access to the covered rear deck a perfect space for relaxed outdoor living.Three large bedrooms with built-in wardrobes are serviced by a family bathroom with separate shower, bathtub, and toilet. Downstairs, a flexible lower level includes three multipurpose rooms (two with built-ins), ideal for extended family, home office or dual-living arrangement. A second bathroom, separate toilet, and large laundry complete the space.The huge backyard is private, level, and fully fenced, with mature landscaping and a large storage shed offering plenty of space for kids, pets, or development (STCA).Key features:* Zoning for LowMedium Density Residential Development: Ideal for developers seeking to build townhouses, duplexes, or multi-unit dwellings (subject to council approval), this zoning supports increased residential density in a well-connected area.* Perfect for Boutique Development or Land-Banking: Whether you're looking to capitalise immediately on development potential or secure a prime parcel of land for future appreciation, this property caters to a wide range of investment strategies.* Classic Tri-Level Brick Home with Renovation Potential: The existing dwelling offers generous proportions across all levels, providing a solid base for renovation or redesign to suit modern living.* Spacious Covered Rear Deck and Expansive Backyard: Enjoy year-round entertaining on the covered deck overlooking a large, level backyard-ideal for families, pets, or future development access.* Ample Storage and Ceiling Fans Throughout: Functional features like built-in storage spaces and ceiling fans enhance everyday comfort and liveability.* Excellent Street Frontage in a Premium Location: Boasting a wide and appealing frontage, the property offers strong street presence in a highly desirable suburb, enhancing both development potential and future resale value.Prime Location:* Minutes to Underwood Marketplace Shopping Centre* Close to quality local schools and early learning centres* Less than 25 minutes to Brisbane CBD and under 10 minutes to Westfield Garden City* Quick access to the M1 and M3 for effortless travel to Brisbane, the Gold Coast, and beyond-plus public transport * Just steps away with nearby bus stops and new bus way station for added convenienceEnjoy the convenience of being just minutes to the Pacific and Gateway Motorways, offering seamless access to Brisbane CBD, Gold Coast, and Brisbane Airport. Underwood Marketplace, local cafes, parks, and public transport are all nearby. School catchments include Eight Mile Plains State School and Rochedale State High School, with top-tier private options such as Redeemer Lutheran College also within easy reach.Rarely do properties of this size and zoning become available in such a prime setting. Whether you're looking to develop, renovate, or simply secure a blue-chip piece of real estate, this is the one.DISCLAIMER: In preparing this information, we have used our best endeavours to ensure that the information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own counsel and financial inquiries to verify any information contained herein.This property is being sold without a price; therefore, a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.The furniture and dcor seen in the images may be virtual representations, intended to provide a visual example of the property's possibilities. Actual conditions may vary.