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 › Somerville St
3
Bedrooms
2
Bathrooms
5
Car spaces
887 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
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.
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 CanberraInspections for this home are strictly by appointment only. We will be conducting private inspections this Wednesday 13th May from 4.50 - 5.30pm and Saturday 16th May from 12.00 - 12.30pm. Please call Phyllis on 0439 795 369 to secure a time.
This character filled three bedroom home has been renovated with the exception of carrying out a few minor jobs to the main residence, along with the potential of completing the carport conversion into either a fourth bedroom, teenagers retreat or home office/study. With the carport located under the same roof line as the home and offering internal access it is a terrific prospect for first home buyers, young families or tradies who are requiring that little extra space and who can identify potential when they see it!
The entrance level displays bamboo flooring and accommodates three spacious bedrooms; all with built in robes, a sparkling and spacious main bathroom with separate shower and underfloor heating. The master bedroom comes complete with a powder room and ensuite.
The lower level of the home offers an abundance of sunshine that streams in through the double glazed floor to ceiling windows and into the open plan living, dining and modern kitchen. Offering year round comfort is the ducted reverse cycle heating and cooling system with the added bonus of underfloor heating under the quality ceramic tiles in the main living area - perfect for added winter warmth during the cooler months.
If you enjoy the outdoors, both the front and rear yards offer a blank canvas in readiness for the planting of your winter garden.
The spacious 887 sqm block provides a fully enclosed backyard with a massive four car garage/workshop and carport - ideal for the boys with their toys, or tradesmen to accommodate their tools. Additional parking for the work trailer or caravan is also located behind a Colorbond gate.
If you enjoy entertaining and love the outdoors there is the perfect site to build a covered timber deck. For your convenience, both hot and cold water and gas connections have already been installed for the yet to be built outdoor kitchen.
Prior to requesting a private inspection, please view the floor plan, photos, and virtual tour of the home. This will provide a true guide of what the home is offering for your family.
** PLEASE NOTE this property will go to auction on Thursday, 21st May at 2:00pm. To register and watch the live stream please go to www.raywhitecanberra.com.au/watch-our-auctions-live. Please call Phyllis directly to discuss further. **
Features include:
* character filled home with split level design and cathedral ceilings
* three bedrooms; all with built in robes
* quality renovations throughout making it light, bright and airy
* sundrenched open plan living, dining and kitchen with underfloor heating and LED lighting
* stunning kitchen with double glazed bi-fold windows to outside, island bench with caesarstone benchtops, soft close drawers, stainless steel gas cooktop, dishwasher, Bosch oven, dishwasher, and integrated Fisher and Paykel fridge
* bamboo flooring
* freshly painted
* quality stegbar double glazed windows to most rooms
* master bedroom with powder room and ensuite
* ducted RC/AC throughout (excluding enclosed carport)
* sparkling main bathroom with quality fixtures and fittings including underfloor heating
* separate laundry with generous storage and three opaque sliding doors to linen cupboards
* added R5 ceiling insulation
* added R2.5 wall and floor insulation
* new electrical switchboard
* Rinnai instant gas hot water system
* carport conversion to study - work still required to complete
* north east facing enclosed backyard - ideal for children and pets!
* children's play gym
* gas, hot and cold water connections in readiness for outdoor kitchen
* 1.8m colorbond fencing
* off street parking behind closed gates
* massive four car garage/workshop plus carport
Set in a peaceful cul-de-sac location with no passing traffic, close to the Spence shops, community ovals and public transport. Situated only a few minutes drive to Westfield Belconnen and the Barton Highway, ideal for a quick commute. A variety of popular schools are within close proximity, and Mt Rogers Nature Reserve is on your doorstep.
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COVID-19 AWARENESS UPDATE:
* All inspections must be by private appointment only
* Private Inspections must be one on one basis - agent, purchaser/s (best practice those to appear on contract only) - and booked prior to attendance (no walk-up inspections)
* Auctions - Virtual/online only
* Please wash your hands upon entering the property where you are directed
* We will no longer shake hands but will have a list of alternate options for you to choose from
* Please respect the 1.5-metre social distance rules
* Please do not touch any surfaces or open any cupboards or drawers without gloves
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Listing description written by Phyllis Tidmarsh, 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.