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.
4
Bedrooms
2
Bathrooms
0
Car spaces
576 m²
Land
170 m²
Building
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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Spence (last 5 years) with land size have a median of $982/m² of land (n=13). 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.
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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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 Ray White CanberraSituated in the established suburb of Spence, only walking distance to the local shops and bus stops, this spacious 4 bedroom residence provides the unique opportunity to create your own space for a home office or studio in the double garage conversion.
Light filled and spacious internally the home comprises of 2 separate living areas, an open plan kitchen & dining, 4 spacious bedrooms with built in robes and the master boasting its own ensuite, not to mention the 38.39m2 studio which can be anything your heart desires.
Recently updated and well appointed with stainless steel appliances, loads of bench space and storage, the open plan kitchen & family is centrally positioned to create the perfect space for family dinners and weekend get together's with friends.
Leading out through large sliding doors is the large deck and pergola offering a northerly aspect and a leafy outlook, creating a relaxing space for entertaining all year round. The backyard is secure and easy to maintain with a paved courtyard and mulched rear garden that can be easily turfed to provide the perfect space for a kids play area, chook run or veggie garden.
With creature comforts such as ducted gas heating, split air conditioning and a double driveway with side access this home has to be seen to be believed. We encourage you to attend our next scheduled inspection before it's too late.
PLEASE NOTE THIS PROPERTY WILL GO TO AUCTION THURSDAY, 23RD AUGUST - THE BRADMAN ROOM, MANUKA OVAL AT 5:30PM
Features:
Double garage conversion - Studio with wall to wall built in robes, sink, large windows and direct access to the rear garden
Open plan kitchen, family and meals
North facing family room
Large kitchen with island bench, loads of bench and storage space
Kitchen appliances include; gas cooktop, electric oven, rangehood and dishwasher
Inviting entrance with custom cabinetry and shelving
Living room with custom built study nook
Master with built in robe and ensuite
3 bedrooms with built in robes
Main bathroom with separate bath and shower
Linen cupboard
Laundry with storage and rear access
Deck and covered pergola
Ducted gas heating
Split reverse air conditioning
Native gardens
Double driveway with extra parking space and side access
Walking distance to the local shops and bus stops
Short drive to Belconnen town centre
Easy commute to the city centre
Stats
Block: 576m2 Approx
Build: 2006
Living: 170.17m2
Garage: 38.39m2
Total: 208.56m2
EER: 5.0
Rates: $1,866.71 pa
Land Tax: $2,381.73 pa Approx
Listing description written by Jake Battenally, Ray White Canberra — 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.