Torrens at a glance
2,472
People
$1,200,000
Median sale
$478/wk
Median rent
2.07%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
$672,000
Last sold
6 Feb 2016
3
Bedrooms
1
Bathrooms
2
Car spaces
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
$672,000
6 Feb 2016 · derived via latest_sale
Torrens at a glance
2,472
People
$1,200,000
Median sale
$478/wk
Median rent
2.07%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Vs Torrens
-44.0%
Median sale
Suburb $1,200,000
+1.63 pp
Gross yield
Suburb 2.07%
Suburb median $1,200,000 from 6 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 $478/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
Torrens at a glance
2,472
People
$1,200,000
Median sale
$478/wk
Median rent
2.07%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Luton Properties WodenKavel and Parkin Streets - two of Torrens' 'up and coming' addresses, where properties are hard to come by with existing owners securing benefits from retaining and improving their homes.
Number 2 Kavel Street sits on a large 906m2 corner block and is providing the rare opportunity for you to join the neighbourhood. You will be able to maximise the potential the footprint offers and transform the home from its current original condition to be one of the best in the area.
Approaching the home from its Parkin St entrance; once inside, you will appreciate the sought after north easterly aspect the home provides.
The family's living areas consist of a huge lounge/dining area and separate family room. The kitchen, whilst in original condition, comes well-appointed with gas cooking appliances and an adjoining informal meals area. From here, you can access the rear courtyard area which will provide an ideal outdoor dining option for the warmer Canberra summer months.
Accommodation is provided through three bedrooms, each with a built-in-wardrobe. The updated bathroom with continuous hot water supply and separate toilet offers flexibilty for a growing family.
Adding to the property's appeal and positive characteristics, is the separate self-contained bedsitter including a kitchenette, bathroom and open living area. This feature gives the new owners various options including; supplementary income, accommodation for elderly parents, interstate guests, or a retreat for the teenager or young adult of the family.
Driving in from the Kavel St entrance, park the cars in the double lock up garage behind one of the two roller doors, from there you can enter the rear of the property through the gated arch, into the courtyard area where privacy is assured with the brick wall surround.
Further benefits of this property are the gas heating and, simply, the location of Torrens. Woden is an increasingly desirable area for Canberra families with close proximity to excellent schools, cafes and restaurants, Westfield Shopping Centre and The Canberra Hospital.
Listing description written by Anthony McCormack, Luton Properties Woden — reproduced as published, not verified by Districts.