Spence at a glance
2,537
People
$955,000
Median sale
$375/wk
Median rent
2.04%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
ACT › Spence › Magrath Cres
$953,300
Last sold
23 Sept 2025
4
Bedrooms
2
Bathrooms
2
Car spaces
1,018 m²
Land
165 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$953,300
23 Sept 2025 · derived via latest_sale
Local land rate: recorded House sales in Spence (last 5 years) with land size have a median of $994/m² of land (n=12). Districts calculation from recorded sales — not a valuation.
Spence at a glance
2,537
People
$955,000
Median sale
$375/wk
Median rent
2.04%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Vs Spence
-0.2%
Median sale
Suburb $955,000
+0.01 pp
Gross yield
Suburb 2.04%
Suburb median $955,000 from 7 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
SPENCE
Zone
RZ1
RZ1
Jurisdiction
Unincorporated ACT
Unincorporated ACT, ACT
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
ACTZoned RZ1 (SPENCE). Official parcel area about 1,021 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $375/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned RZ1 (SPENCE). Official parcel area about 1,021 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. This jurisdiction has no comparable official bond series in the free set.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 1,021 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Spence at a glance
2,537
People
$955,000
Median sale
$375/wk
Median rent
2.04%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by MARQ PropertyWelcome to this value packed family residence, privately positioned within one of Belconnen's most popular suburbs. Treasured within the one family for 48 years, and offering a harmonious blend of comfort, style, and privacy, this property provides the perfect environment for your family to enjoy and flourish for many years. Flowing over 165sqm, and offering a host of living and entertaining options, it is ready to move in and enjoy or has potential to add further value through your own home improvements. Situated within close proximity to a host of urban amenity on a large 1018sqm block it offers ready made, exceptional family living. Take advantage of this value packed buying opportunity.
- Impressive family home in popular 'RZ2' location
- Multiple living spaces all in superb condition
- 165sqm of internal living area (Approx. 215sqm including garage)
- Superb formal lounge area
- Sunny family/meals area
- Spacious dining
- Generous kitchen, appliances in good condition, large pantry
- Large master suite, walk thru robe, spacious bathroom
- Remaining bedrooms all of good size all with built in robes
- Reverse cycle (heating & cooling) wall units x 2
- Huge 1018sqm block with RZ2 Zoning capability
- Extra large (50 sqm approx.) double garage
- 2 x additional metal sheds offering an abundance of storage options
- Smart buying opportunity for the larger/growing family
- Convenient location
Location:
- 2 min to Spence Shops
- 4 min to Fraser Primary School
- 5 min to Gold Creek Country Club
- 6 min to Evatt Shops
- 7 min to Casey Market Town
- 7 min to Charnwood Shops
- 9 min to University of Canberra
- 10 min to Kippax Fair
- 11min to Yowani Country Club
- 12 min to Westfield Belconnen
- 12 min Canberra International Sports and Aquatic Centre (CISAC)
- 13 min to Calvary Hospital
- 14 min to G.I.O Stadium
- 19 min to City Centre
- 25 min to Canberra Airport
Brief Summary:-
- Year of construction: 1977
- Internal living area: 165.00 sqm
- Garage area: 50.00 sqm approx.
- Total area: 215sqm (Internal and Garage)
- Block Size: 1018sqm
- Rental Estimate: $700 - $750 per week
- U.V. $511,000 (2025)
- Rates: $3380.49 per annum approx.
- Land Tax: (If investment property) $1,557.35 per quarter
Seize the opportunity to call this spacious family home your own. In the popular Belconnen suburb of Spence, you'll be part of a thriving community, close to schools, shops, and parks. Your new life awaits in this fantastic home.
Disclaimer: Whilst all care has been taken to ensure accuracy, the material and information contained within are approximate only and no warranty can be given. MARQ Property does not accept responsibility and disclaim all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries.
Listing description written by Justin Taylor, MARQ Property — reproduced as published, not verified by Districts.