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.
$430,500
Last sold
2 Nov 2015
4
Bedrooms
3
Bathrooms
2
Car spaces
930 m²
Land
2,647.737 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
$430,500
2 Nov 2015 · derived via latest_sale
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.
Vs Spence
-54.9%
Median sale
Suburb $955,000
+2.49 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
PRZ1
PRZ1
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 PRZ1 (SPENCE). Official parcel area about 932 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 PRZ1 (SPENCE). Official parcel area about 932 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 932 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 LJ Hooker GungahlinA complete rebuild in 2023 with zero corners cut. Constructed by a professional builder for his own standards, not a volume developer's margin. The difference is obvious the moment you walk through.
Every element has been executed at a level rarely seen in the area. Clean architectural lines, premium materials and a layout designed for effortless everyday living. Soaring 2.7m ceilings amplify the sense of space throughout, while the kitchen anchors the home with high-end appliances, stone surfaces and custom joinery, flowing seamlessly into expansive living and dining zones that feel both refined and relaxed.
The outdoor setting is equally impressive, centred around a large alfresco designed for entertaining on any scale. Overlooking a generous swimming pool, the space delivers the perfect balance of privacy, leisure and lifestyle.
Adding another layer of versatility is a substantial separate dwelling positioned at the rear of the property. Complete with its own bathroom, the space can easily function as an oversized man cave, guest retreat, studio, gym or home business - the flexibility is exceptional.
Accommodation is generous and well considered, with luxurious bathrooms and finishes that feel closer to a boutique build than a typical suburban home. The level of craftsmanship throughout reflects a builder who values precision, durability and quality above all else.
For buyers who recognise the difference between standard construction and a home built with genuine pride, this is in a league of its own.
Why this property captivates:
� Complete knockdown-rebuild in 2023, delivering the benefits of near-new construction with premium craftsmanship
� Built by a professional builder, ensuring superior construction quality, attention to detail and high-end inclusions throughout
� Expansive open-plan living and dining zones enhanced by 2.7m high ceilings, creating a strong sense of space and natural flow
� Designer kitchen appointed with quality appliances, stone surfaces, custom joinery and a walk-in pantry, forming the centrepiece of the home
� Large alfresco entertaining area designed for effortless indoor-outdoor living and hosting on any scale
� Impressive swimming pool providing a resort-style element and ideal summer lifestyle
� Substantial separate rear dwelling complete with its own bathroom, offering versatility as a man cave, guest retreat, studio, gym or workspace
� Generous accommodation including a privately positioned master suite with ensuite, and well-proportioned secondary bedrooms
� Hydronic heating throughout delivering efficient, consistent comfort during Canberra's colder months
� Oversized double garage with epoxy flooring, combining functionality, storage and durability
� Solar panels with battery storage enhancing energy efficiency and reducing running costs
� Thoughtfully designed layout balancing comfort, privacy and functionality for modern family living
Proximity to Amenities:
� Within 3 minutes' drive to local shops for caf�s, supermarkets and everyday essentials
� Within 4 minutes' drive to nearby primary schools and childcare options
� Within 6 minutes' drive to Amaroo School catering from preschool to Year 10
� Within 8 minutes' drive to Gungahlin Market Centre and Belconnen Town Centre offering extensive retail, dining and commercial amenities
� Within 9 minutes' drive to Yerrabi Pond and surrounding parks, walking trails and recreational spaces
� Within 10 minutes' drive to Gungahlin College
� Within 12 minutes' drive to Westfield Belconnen for major retail, supermarkets and entertainment
� Within 15 minutes' drive to Canberra City via main arterial roads for direct CBD access
Listing description written by Estephano Cardenas, LJ Hooker Gungahlin — reproduced as published, not verified by Districts.