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 › Magrath Cres
4
Bedrooms
2
Bathrooms
2
Car spaces
1,058 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
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 MARQ PropertyPossibilities are endless for this property, a four bedroom, privately built home sited on a generous block of approximately 1,058sqm, with a fantastic north aspect and elevated leafy outlook!
One option is to demolish and build three stand alone dwellings, subject to approval.
A second option is to proceed with a development application, already submitted, to build an additional property behind the existing home.
The current home is presented in neat, mostly original condition and offers a scenic outlook from the wide north facing front terrace and large lounge. Ducted gas heating is installed.
Decor is in good condition and neutral carpet features through the lounge and all bedrooms.
Parquetry features in the dining room, which leads to the kitchen and family room. This opens onto a large paved entertaining area with a pergola and built-in gas barbeque.
Bedrooms are spacious and all offer built-in robes, with an ensuite to the master. The main bathroom has been updated and features a bath, shower and separate w/c.
There is a double garage, large garden shed and Colorbond fencing secures the garden. A gravelled area at the front of the home provides parking for several vehicles, while a lush hedge of evergreen magnolias shelters the front garden and could be a bonus for any new development.
It is only a short walk to a ribbon of bushland reserve and local shops.
Ready to occupy now, while future transformation or development is considered.
Features:
- Elevated, generous block of approximately 1,058sqm with a north aspect to the front
- Occupied by a privately built, 4 bedroom ensuite home, in neat, mostly original condition
- Development option of demolition and building three stand alone dwellings
- Development application submitted for the building of a new dwelling behind current house
- Elevated leafy outlook north from wide front terrace and large lounge
- Separate dining room with parquetry flooring
- Kitchen overlooks family room and features a gas cooktop, oven and grill
- Family room opens onto a large paved entertaining with a pergola and gas barbeque
- Ducted gas heating
- Spacious bedrooms, all with built-in robes and master with ensuite
- Updated main bathroom features a bath, shower and separate w/c
- Paintwork in good condition throughout and neutral carpet to lounge and bedrooms
- Double garage, large garden shed and Colorbond fencing
- Gravelled parking at front of home for several vehicles
- Lush hedge of evergreen magnolias screen front garden, a bonus for future development
Disclaimer: Whilst all care has been taken to ensure accuracy, the material and information contained within are approximate only and no warranty can be given. MARQ Property does not accept responsibility and disclaim all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries.
Listing description written by MARQ Property, MARQ Property — reproduced as published, not verified by Districts.