1 Lemrak Street, Underwood QLD 4119

Elevated corner block | 5-bed two-level residence | 713 sqm lot | Sought-after Underwood pocket This property presents a competitively strong offering based on its substantial scale and positioning. The 440 sqm two-level residence on a 713 sqm elevated corner block is a rare configuration in this suburb, providing immediate privacy and future subdivision potential. It best serves a family seeking established school catchments or an owner-occupier valuing spatial dominance over newer finishes. The auction mechanism and lack of recent renovation history, however, transfer all pricing risk to the buyer in an unverified market. Proceed only with a disciplined bidding strategy anchored to the land value; secure a building inspection to cost any modernisation. This house is a long-term hold for land banking or a comprehensive renovation, not a short-term proposition.