605 Lilydale Rd, Underwood is a 4 bedroom, 1 bathroom House with 8 parking spaces and was built in 1950. The property has a land size of 51550m2 and floor size of 138m2. While the property is not currently for sale or for rent, it was last sold in June 2018.
This versatile property would offer an astute buyer a huge array of uses! Formally set up as a harness racing stud with several paddocks, stalls, a gravel circular race track and loads of out buildings. The main home consisting of 3 to 4 bedrooms, near new kitchen with hot plates and a slow combustion stove in the second living area, good size lounge with Saxon wood heater, endless supply of fire wood on the property, bathroom with corner spa and a second living area/sun room.
Outside the main home is a secure backyard, 2 driveways, veggie patch, chook pen, in ground pool, stables, storage sheds, garage, carports and a great workshop with power, secure, with plenty of room for the tradie or handyman.
Approximately 200 meters away, there is a 3 bedroom weatherboard cottage that is added to the title with its own power, deck and timber garage. The cottage is in need of repairs- vacant and ready for DIY handyman, renovated this could be great for family, friends or extra income.
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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