For Sale

1 Penrose Close, Underwood, Qld 4119

FOR SALE

Residential Land

Type

434 m²

Area

Published on Thursday, August 20, 2026 ( See property details for 1 Penrose Close, Underwood, Qld 4119)

FOR SALE

Zishaan Omar DIRECTOR

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Harsh Bhasin SALES & MARKETING EXECUTIVE

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare opportunity to build your dream home on a premium elevated corner block in the sought-after Underwood enclave, offering exceptional flexibility and lifestyle convenience.

🏡 Property Highlights

Premium 434sqm elevated corner allotment with a flat, highly usable layout
Enviable corner position offering flexible design options
Located in a prestigious, established neighbourhood surrounded by quality homes
Excellent connectivity to Brisbane CBD, Gold Coast, and surrounding suburbs via major arterial roads
Close proximity to Underwood's vibrant shopping precinct, schools, parks, and amenities
Ideal blank canvas for creating a bespoke modern residence

✨ Key Features

Waterfront / Views
Open-Plan Living
Secure Parking
Outdoor Area
Built-in Robes
Ensuite
Air Conditioning
Garage
Pet-Friendly
Floorboards

Suburb and Property Insights of Underwood, QLD 4119

Underwood is a highly sought-after suburb renowned for its family-friendly environment, excellent schools, and convenient access to major transport routes. The area boasts a vibrant shopping precinct, lush parks, and a strong community vibe, making it ideal for those seeking a balanced lifestyle. Surrounded by quality homes, Underwood offers privacy, prestige, and a prime location close to Brisbane CBD and the Gold Coast.

Frequently Asked Questions

Can I build a multi-storey home on this elevated corner block?

Yes, the flat and elevated nature of the land provides flexibility for designing a multi-storey residence, subject to council approvals.

What amenities are nearby this land?

The land is conveniently located close to Underwood's shopping precinct, local schools, parks, dining options, and major arterial roads for easy access to Brisbane CBD and the Gold Coast.

Is the land suitable for a custom architectural design?

Absolutely, the highly usable flat layout and corner position make it an ideal blank canvas for your architectural vision.

Are there any restrictions or covenants on this land?

Details regarding restrictions or covenants can be obtained from the local council or the selling agent to ensure your building plans comply.

What is the zoning classification for this land?

The land is zoned for residential use, suitable for building a single-family home or similar residential development, subject to council approval.

What to ask about this property to agent?

Are there any easements, covenants, or zoning restrictions affecting the development potential of this land? Has the land been tested for soil stability or flood risk? Are there any planned infrastructure projects or developments nearby that could impact the property? What are the council requirements and approval processes for building on this corner allotment? Are there any existing services or utilities connected to the land, and what are the costs for connection? Is the land title clear of any encumbrances or disputes? Are there any bushfire or flood risks associated with this elevated position? What are the ongoing rates and land taxes for this property? Is there any existing landscaping or vegetation on the land that requires removal? Are there any restrictions on the type or size of the dwelling that can be built on this land?

1 Penrose Close, Underwood, Qld 4119 - More Details

FOR SALE

An exclusive opportunity awaits to secure a prestigious parcel of land in one of Underwood's most desirable enclaves. Positioned on a commanding 434sqm elevated corner block, this exceptional allotment offers the perfect canvas to bring your dream home vision to life.

Boasting a flat, elevated and highly usable layout, combined with an enviable corner position, this rare landholding provides the ideal foundation for a statement residence designed around modern luxury, lifestyle and timeless appeal.

Surrounded by quality homes and positioned in a tightly held location, this premium block offers an enviable blend of privacy and convenience, with seamless access to major arterial roads, Brisbane's CBD and the Gold Coast.

Enjoy the effortless lifestyle of being moments from Underwood's thriving shopping precinct, local dining, schools, parks and everyday amenities, while having the freedom to create a home that reflects your individual style and aspirations.

Opportunities to secure premium land of this calibre are seldom available - an exceptional offering for those seeking elevation, position, lifestyle and the opportunity to create something truly remarkable.

Features:
-Premium 434sqm elevated corner allotment
-Elevated position with a flat, highly usable layout
-Enviable corner location offering excellent flexibility for your future home design
-Bring your architectural vision to life on this perfect blank canvas
-Surrounded by quality residences in an established and prestigious location
-Convenient access to major arterial roads connecting Brisbane CBD, the Gold Coast and surrounding suburbs
-Ideally positioned just moments from Underwood's vibrant shopping precinct
-Close to local schools, parks, dining and everyday amenities

Type: Residential Land
Area: 434 m²

Map & nearby places — 1 Penrose Close, Underwood, Qld 4119

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Email Enquiry To Ray White - ROCHEDALE

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Zishaan Omar

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Harsh Bhasin

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1 Penrose Close, Underwood, Qld 4119

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