21 Bernice AvenueUnderwood QLD 4119
Property Details for 21 Bernice Ave, Underwood
Last Listing description (August 2026)
Positioned within one of South East Queenslands 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 809m 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.
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
- Ideal for owner-occupier and investor product mix
Existing Improvements
The property currently comprises a 3-bedroom, 1-bathroom home with two car spaces, providing holding income while development approvals are pursued.
Prime Location & Connectivity
- Approx. 19 minutes to Brisbane CBD
- 300m walk to major transport hubs
- Immediate access to M1 Motorway & Springwood Busway
- 10 minutes to Logan Hyperdome
- 10 minutes to Westfield Mt Gravatt
- 10 minutes to Griffith University
- Approx. 20 minutes to Brisbane Airport
- Surrounded by schools, retail, and lifestyle amenities
- Coffee shop directly across the road
Investment Highlights
- High-exposure site with excellent street frontage
- Located in a high-growth, infrastructure-backed corridor
- Increasing demand for quality apartment living in the area
- Strong upside potential for developers and investors
Contact
For further information or to arrange an inspection, please contact:
John Lawler 0404 004 899
Disclaimer
This advertisement and any associated images are for illustrative purposes only and depict a conceptual apartment development only. The property is currently improved with an existing dwelling. Any future development is subject to council approval (STCA). All dimensions, plans, and development outcomes are indicative only. Buyers should rely on their own enquiries, planning advice, and contract documentation.
Property History for 21 Bernice Ave, Underwood, QLD 4119
- 01 May 2026Listed for Sale 2,100,000
- 01 May 2025Listed for Sale Not Disclosed
- 26 Nov 2000Sold for $115,000
Recent sales nearby
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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 3,406 properties. Over the last 5 years, Houses in Underwood have seen a 101.43% increase in median value, while Units have seen a 126.74% increase. As at 31 July 2026:
- The median value for Houses in Underwood is $1,390,715 while the median value for Units is $880,972.
- Houses have a median rent of $760 while Units have a median rent of $595.
Suburb Insights for Underwood 4119
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