32 Ridgewood St, Underwood is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1975. The property has a land size of 607m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
A dream come true for savvy investors, or those looking for a home which will comfortably afford every member of the family their own space, this unique residence in a peaceful pocket of Underwood is brimming with features most other homes don't.
Boasting two separate studio flats on the lower level, and a spacious 3-bedroom, 1 bathroom dwelling on the top floor, this is achieving an astronomical $800 per week in rent!
The two studio flats offer complete separation, allowing the occupants to enjoy their privacy. Both come complete with lovely outdoor spaces, a generously-appointed room, kitchenette, bathroom, and ample storage space.
You will delight in the unique, and central location. A friendly street, you'll enjoy peace and quiet, whilst being within a 2-minute drive to major motorways. There is also access to sporting fields behind the property - a credit to the unique location.
Feature Include:
• Three separate dwellings in one! Current rent return at $800
• Two studio flats on the lower level, with complete separate access
• A three-bedroom, 1-bathroom home on the upper level, which boasts an abundance of space, and a functional design
• Atop a tidy block of 607m2 with ample yard space for the kids and pets to enjoy
Studio Flats:
• Both studio flats are complete with a spacious room, a kitchenette, bathroom and ample storage
• Both offer unique, tranquil outdoor spaces for the occupants to enjoy
• One is complete with a timber deck, and revitalising views of the surrounding greenery
Location:
• 2-minute drive from M1, and other major motorways, making commuting a breeze
• Access to local sporting fields beside the property
• Within ideal proximity to esteemed schools
• Westfield Garden City less than 10-minute drive
• Brisbane CBD less than 25-minute drive
• A short drive to the Gold Coast
• Restaurants, cafes and an array of other dining options close by
• Recreational parks within walking distance
You'll have to be quick to secure this outstanding opportunity. Please feel free to contact us with further enquiry.
All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties should rely solely on their own enquiries.
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 3,376 properties. Over the last 5 years, Houses in Underwood have seen a 109.76% increase in median value, while Units have seen a 111.53% increase. As at 31 December 2025:
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