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 › Mcgowen Cl
$805,000
Last sold
22 Oct 2022
3
Bedrooms
2
Bathrooms
2
Car spaces
558 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
$805,000
22 Oct 2022 · derived via latest_sale
Local land rate: recorded House sales in Spence (last 5 years) with land size have a median of $972/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
-15.7%
Median sale
Suburb $955,000
+0.38 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
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?
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.
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 HOME.BYHOLLY#soldbycris $805,000
This gorgeous modernist, three-bedroom beauty, is privately tucked away within peaceful gardens and has the distinctive feel of secluded sanctuary. The simple lines, flat roof and large picture windows are classic to the era and lend a timeless class to the facade.
The interior has been sensitively updated to create a home that puts comfort and quality first and yet maintains a sophisticated, minimalist flair. A wonderful sunken lounge flows to dining room which opens to deck and simply planted mature gardens.
Surrounded by houses of similar mid-century modern design, the home rests within a coveted cul-de-sac, overlooking a central island with stunning, established gums. A side passage ushers past flat roofed double garage, into the surprise of green oasis - the white brick form of the home floating gently amidst the lush lawns.
Brimming with warmth and personality the interior welcomes and delights. The neutral-tone palette breathes a calming serenity and timber-look flooring flows underfoot with plush carpet, softening the cosy sunken lounge. Original timber windows line the walls and allow light to flood this delightful, open social space. Tall ceilings, glass balustrades and an easy flow through to kitchen and dining, further the experience of airy expanse.
The modern galley style kitchen features sleek white cabinetry and counter tops married with stainless-steel appliances. Sky-blue wall tiling adds a gentle touch of whimsy. There is an easy social feel to this open kitchen and dining - think no fuss family meals, effortless entertaining, flowing seamlessly to deck and paved alfresco arena.
A hallway separates and privatises the intimate zone.
Two sunny north facing bedrooms, both with peaceful views to red tinged photinia hedging and green lawns, centre around a bright white family bathroom with tub and separate toilet.
The master bedroom has calming views to stunning, grove of silver birch and is excellently equipped with walk-through-robe and ensuite. There is ample cabinetry and the renovated ensuite has continued the classic theme of white on white, contrasting beautifully here with dramatic matt black hardware.
The garden has the feel of a lush, green room, both enveloping and extending the home. Divided into three zones - soft "playground" lawn, perfect for the kids to tumble and play, paved alfresco entertaining area and tucked neatly behind the house, a pebbled utility space that houses the clothes line and shed. Restrained yet judicious planting softens and screens and there is the magical feeling of healing quietude.
Situated in the leafy suburb of Spence, known for its family/community values, surrounded by reserve and green spaces, the home, also offers convenient access to the Belconnen precinct, AIS and Bruce stadium. The home is close to several fabulous local shops, including Spence and Melba, with Spence the Grocer and cafe Mamé, being a local favourite. Within walking distance to Mt Roger's reserve and convenient to transport, schools, and the UC, the home, is also just 11 minutes to the inner-north, and 18 minutes to the CBD.
features.
.brilliantly located , gorgeous split level three bedroom family home in a quiet leafy street backing green space
.wonderfully light north facing open plan living room with high ceilings and large expanses of glass overlooking paved patio area
.modernised functional open plan kitchen with gas cooking, ample storage and adjoining meals area
.glass connects meals area to inviting sunny deck overlooking pretty landscaped gardens, the perfect spot to entertain family and friends
.three good sized bedrooms – all north facing and with robes, the master suite with wall to wall windows, walk in robe and modern ensuite
.modernised main bathroom with separate toilet
.renovated separate laundry with rear yard access to utility area . .split system heating and cooling and ceiling fans throughout home
.laminate flooring in kitchen and meals area and new carpets in bedrooms and living room
.easy maintenance landscaped front and rear gardens with garden shed and water tank .
.double garage with plenty of storage space
.excellent location on a quiet street backing green space and within close proximity to the foothills of Mt Rogers, local children's playgrounds, Baringa Daycare Centre and the Spence shops, butcher, bakery, and grocer café.
.a premium central Belconnen location offers easy access to Belconnen Town Centre, Belconnen Fresh Food Markets, and arterial roads connecting to the city. Within walking distance to local schools, parks and shops, and the stunning Mt Rogers Reserve is just a few minutes away.
EER: 1.5
Living area: 126m2 approx
Land size: 558m2
Land rates: $2,486 approx
Land value: $432,000
Year built: 1978
Listing description written by Cris O'Brien, HOME.BYHOLLY — reproduced as published, not verified by Districts.