Underwood is a hilltop village within the civil parish of Selston in the English ceremonial county of Nottinghamshire.

[1] It stands in a former coal mining area in the Hidden Valleys and is in the local government district of Ashfield.

The village offers views across the Erewash Valley towards the Southern Pennines.

It is situated near to junction 27 of the M1 and is bordered by Bagthorpe and Selston, and Brinsley and Moorgreen to the south.

The village has a number of pubs including The Hole in the Wall, The Red Lion, The Shepherds Rest, Dixies Arms and The Dog & Quayle (previously The Sandhills).