High Rise Precinct Investment & Development Opportunity

24 Eleanor Avenue, Underwood QLD 4119


This central, end of cul-de-sac 733sqm block is zoned Medium Density Residential – High Rise Precinct as part of the Greater Springwood Masterplan. It’s the perfect property to land bank while preparing for future development as it can be rented out as-is for the short or long term.

The current home is a classic high set: 3 bedrooms, 1 bathroom, and built in utility room downstairs. It offers an updated bathroom with separate bath and shower, a modern and practical kitchen, and a large airconditioned living area. The living area and each bedroom are also equipped with ceiling fans.

Other features that make this a great holding/rental prospect include timber flooring throughout, security screens, back deck overlooking the expansive fully fenced yard, large cubby house for kids, double lock up garage, and a built in utility rooms downstairs plus separate downstairs toilet.

The location is simply outstanding and is set to enjoy huge growth owing to the already established Springwood Masterplan. In addition to rapidly expanding lifestyle offerings in the area, the property boasts immediate M1 northbound access with less than 20 mins into the Brisbane CBD making it a legitimate prospect for executive style apartments. There are also a number of recent luxury apartment building developments in the vicinity that have proven extremely in-demand.

Other location draw cards include:
– Minutes to Arndale Shopping Centre, Springwood Centro, Underwood Marketplace
– Rapidly growing café and restaurant scene around Springwood, Underwood
– 1.4km to Springwood Bus Station (major bus interchange) or 550m to local bus stop
– 1.5km to Springwood State School
– 2.4km to Springwood State High School
– Less than 10 minutes to Logan Hyperdome
– Just over 10 minutes to Westfield Garden City
– Lifestyle options including gyms, aquatic & sport center and library
– Selection of prestigious private schools (Redeemer, Calvary, John Paul College)
– 15 minutes to both Griffith Nathan and Logan campuses

This is your opportunity to create the next big address in the Springwood Masterplan – contact Kieran to speak in detail about this fantastic development prospect!

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