LOOKING FOR SOME ACREAGE CLOSE TO TOWN? THEN LOOK NO FURTHER! THIS SUBSTANTIAL FAMILY HOME IS JUST 15 MINUTES FROM LAUNCESTON. BOASTING 50 ACRES OF FLAT LAND WITH A MIX OF 28 ACRES OF PASTURE AND 22 OF BUSH (APPROX). A CONSIDERABLE AMOUNT OF MONEY HAS BEEN SPENT ON FENCING, THE GARDENS ARE WELL MAINTAINED AND THERE IS AMPLE WATER SUPPLY BY WAY OF 2 DAMS, A BORE AND A 19,000 GALLON UNDERGROUND TANK OF RAIN WATER. THE COMFORTABLE HOME COMPRISES 3 LARGE BEDROOMS ALL WITH WALK-IN-ROBES. THE ENSUITE OFF THE MAIN BEDROOM IS WHEELCHAIR FRIENDLY. THERE ARE 3 LIVING AREAS, A CHOICE OF R/C AIR CONDITIONING AND A WOOD HEATER WHICH CAN HEAT THE HOT WATER IF REQUIRED. THE HOME IS INSULATED, HAS TINTED WINDOWS AND SHADE BLINDS ENSURING YEAR ROUND COMFORT. TASMANIAN TIMBERS ARE A FEATURE THROUGHOUT THE HOME AND INCLUDE SASSAFRAS, BLACKWOOD, MYRTLE AND TAS OAK. NUMEROUS OUTBUILDINGS INCLUDE HAY SHED, 15 X 10 MACHINERY SHED, DOUBLE GARAGE WITH TOILET AS WELL AS AN ADJOINING GARAGE WITH WORKSHOP AND CAR SPACE. WITH HOLLYBANK MOUNTAIN BIKE PARK NEARBY, THERE IS POTENTIAL TO TAP INTO THE TOURIST MARKET WITH ACCOMMODATION OPTIONS (STCA).BUILD CABINS OR HAVE AN ONSITE CARAVAN/CAMPING PARK - THERE ARE SO MANY OPTIONS FOR FURTHER DEVELOPMENT. THERE IS SO MUCH TO LOVE ABOUT THIS PROPERTY. WHETHER IT IS THE CAR ENTHUSIAST, HORSE LOVER, HOBBY FARMER OR GARDENER, THERE IS SOMETHING FOR EVERYONE HERE!! CALL DEB OR ROBERT TO ARRANGE YOUR INSPECTION.FEATURES INCLUDE: AIR CONDITIONING, BUILT-IN WARDROBES, FORMAL LOUNGE, GARDEN, SECURE PARKING
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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