Located at the end of a no through road, this wonderful bush block on over 28 acres of land offers privacy and is suitable for those wishing to live in a bush setting. There is a permanent creek that has not dried up in 40 years of the owners living nearby. This property has had a boundary adjustment in 2014 and is approved by council as a building block if plans are submitted according to the Launceston City Council Planning Act. The power is nearby at the end of Cherry Farm Road. School bus collects children at the start of Cherry Farm Road. Council maintain the road to the end of Cherry Farm Road. Rubbish collection is also serviced. This land is undulating, with flat sections, and steep sections. It is all natural bush land with beautiful old trees, and is not fenced. For further details please call Sharon Fahey.
The size of Underwood is approximately 89.7 square kilometres. There are 8 parks, covering nearly 47.9% of the total area. The population of Underwood in 2016 was 363 people. By 2021 the population was 391 showing a population growth of 7.7% in the area during that time. The predominant age group in Underwood is 50-59 years. Households in Underwood are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Underwood work in a professional occupation.In 2021, 93.40% of the homes in Underwood were owner-occupied compared with 87.00% in 2016.
Underwood has 199 properties. Over the last 5 years, Houses in Underwood have seen a 40.77% increase in median value. As at 31 May 2026:
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