13 Sylvia Street
Underwood, QLD 4119

Overview

Underwood's Last Frontier - 1,200m² of Pure Potential

This property is a rare opportunity located at 13 Sylvia Street in Underwood, set on a substantial 1,200 square meter parcel of land in one of the area's most convenient and sought-after pockets. The home offers significant land, flexibility, and future potential, making it an attractive prospect for developers, investors, and families alike.

The property features an easy dual living conversion with two additional rooms downstairs, providing versatile living options. There is ample space to add multiple dwellings or subdivide, subject to council approval (STCA). This flexibility is increasingly rare in the market, especially in newer estates where space is limited.

Whether you are a developer seeking your next project, an investor looking to land bank in a proven growth corridor, or a buyer desiring spacious living, this property meets all these needs. The demand for new homes has increased following recent federal budget changes, positioning this property as an excellent investment and a smart choice for homeowners.

The value of this property is clear, with a large block that opens numerous possibilities including subdivision potential, redevelopment, or the creation of a large-scale family residence with room to grow. The surrounding infrastructure, strong demand, and ongoing development in the area further enhance the appeal and potential for long-term growth.

The existing home is functional and ready for immediate use, allowing for occupancy or rental income while planning future developments. It offers comfortable living spaces filled with natural light, a practical kitchen, and easy access to the expansive backyard, making it an ideal holding position.

Outside, the scale of the block is evident, providing wide, usable land with plenty of space for development, extension, or simply enjoying the outdoors for years to come.

Property Features:

• Expansive 1,200sqm block with strong immediate potential
• Subdivision potential for 1x2 to 1x3 lots (STCA)
• Elevated, easy-to-build usable land area
• Dual living potential with two added rooms downstairs
• Side access on both sides suitable for multi-dwelling or parking boats and caravans
• Wide frontage offering flexibility for future plans
• Large inground swimming pool
• Three well-sized bedrooms
• Spacious and functional bathroom with separate toilet
• Separate living and dining areas
• Practical kitchen with ample storage
• Covered outdoor area with multiple entertainment spaces
• Fully fenced and gated
• Large, usable backyard with significant scope
• Ample off-street parking
• Suitable to live in, lease out, or redevelop (STCA)

Property Highlights:

• Rare large landholding in a high-demand location
• Subdivision and development potential (STCA)
• Ideal for land banking with strong long-term upside
• Existing home provides immediate rental income opportunity
• Versatile opportunity appealing to developers, investors, and families

Location Highlights:

• Quiet street in a well-established Underwood pocket
• Minutes to major shopping centres and everyday amenities
• Easy access to Pacific and Gateway Motorways
• Convenient commute to Brisbane CBD and Gold Coast
• Close to schools, parks, and public transport options
• A rare land opportunity with real upside

In a market where large blocks are disappearing fast, this property stands out for its size, location, and potential. It offers multiple exit strategies and is a smart acquisition for those looking to secure a valuable asset in a growth area.

Secure this property now, plan your next move, and capitalize on the long-term growth that this location continues to offer.

Location