4 Glebe Place, Underwood QLD 4119

Renovated family home | 607m² lot in central Underwood | Dual living potential | High bushfire overlay This property presents a competitively strong, modernised family home on a larger-than-typical block for the area, offering flexible dual-living potential with its two-level layout and multiple living spaces. Its central location near Underwood Marketplace and full renovation position it above much of the suburb’s older stock, best serving a buyer seeking a turnkey, low-maintenance residence with space for extended family or rental income from the lower floor. The primary decision factor is the council’s high bushfire hazard overlay, which imposes specific construction and insurance costs that must be quantified. The auction process without a price guide adds pricing uncertainty. For a buyer comfortable with these mechanisms, the property’s configuration offers a rare opportunity in Underwood for immediate occupancy and income versatility. Proceed only with a definitive insurance quote and a firm budget ceiling for the auction.