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.
$815,000
Last sold
1 May 2023
3
Bedrooms
1
Bathrooms
1
Car spaces
934 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$815,000
1 May 2023 · 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
-14.7%
Median sale
Suburb $955,000
+0.35 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 data is being calculated
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
ACTPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” 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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
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 Town Residential BelconnenIf you are looking to win the trifecta of location, lifestyle and liveability in your next home, then look no further. Town Residential is proud to present this immaculately maintained home tucked within established low-maintenance gardens and situated on a huge block at the end of a quiet cul de sac. This three-bedroom home in the popular and very tightly held suburb of Spence is sure to impress the most astute buyers
An impressive private entrance is awash with natural light and extends through to the formal lounge room which offers a fireplace ensuring comfort during the cold Canberra winter. The spacious dining room links effortlessly with the well-appointed kitchen and large breakfast bar and is perfect for formal and casual entertainment throughout the year.
All three generous bedrooms feature built-in robes and are serviced by a refreshed bathroom. A spacious rear entertaining area and impeccable side deck are ideal for informal gatherings. The large spa in the deck enhances the functionality of this area.
An expansive rear shed next to the large single carport is ideal for buyers who are looking for additional space to bring their hobbies to life. An additional secure office space adjoining the shed could also be utilised in a number of different ways.
A stunning and large rear and low maintenance front yard primed and ready for the creative gardener, veggie grower or even possible extensions for growing families. The yard is fully enclosed and secured providing plenty of space for the children and pets to play in a safe environment.
Key Features at a glance:
- Set on a huge and flat 934m2 in a quiet cul de sac
- Three generous bedrooms with built in robes
- Generous north facing lounge room with sunny outlook
- Wood log fireplace in the lounge room
- Separate open plan living/dining
- Well maintained kitchen with electric cooktop, oven and plenty of bench space and storage and breakfast bar
- Ducted gas heating and evaporative cooling
- Spacious low maintenance and enclosed backyard with potential for future extensions
- Located just a short stroll away from the local primary school, public transport, and just a few minutes drive to the Belconnen Westfield shopping centre, Calvary Hospital, University of Canberra and several bike and walking trails
Property information:
- Block: 934m2
- Living - 107.50m2
- Sunroom - 7.65m2
- Entry pergola - 10.20m2
- Side deck & Pergola - 13.30m2
- Rear pergola & Deck - 22m2
- Workshop - 45.68m2
- Carport - 22.50m2
- Year Built: 1973
- EER - 1
- Rates - $627 per qtr
Disclaimer: Town Residential and the vendor cannot warrant the accuracy of the information provided and will not accept any liability for loss or damage for any errors or misstatements in the information. Some images may be digitally styled/furnished for illustration purposes. Images and floor plans should be treated as a guide only. Purchasers should rely on their independent enquiries.
Listing description written by Mohammed Islam, Town Residential Belconnen — reproduced as published, not verified by Districts.
Nearby 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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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.