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
4
Bedrooms
2
Bathrooms
3
Car spaces
934 m²
Land
180 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
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 Ray White Canberra***Open for inspection via private inspection***
Nestled in a family friendly cul de sac and literally moments from countryside, this revived and updated four bedroom ensuite study residence is an exciting offering for budget conscious families seeking room the breathe and space to grow in a peaceful location.
Fluid living spaces, showcasing timber flooring throughout, a cosy fireplace and large full length windows, provide an ambiance of warmth and flowing space, encouraging family gathering on either a small or grand scale.
A modern kitchen is the hub of the home for day to day living.
Renovated bathrooms and new carpets add to its vast appeal.
Interacting enticingly with an array of covered outdoor terraces and paved areas, if you love to entertain, circle this one!
A generous block is low maintenance and allows children to play in safe secure surroundings.
A double metal garage and ample off street parking will impress families with multiple vehicles.
Why not see for yourself the possibilities this character filled home offers?!
FEATURES INCLUDE:
- Four bedrooms
- En-suite
- Study
- Updated kitchen (2009)
- Updated bathroom (2008)
- Updated laundry (2008)
- Daniela gas cooktop
- Daniela electric wall oven
- Daniela dishwasher
- SLM Rangehood
- Granite benchtops
- Brivis ducted gas heating
- Breezair ducted evaporative cooling (2013)
- Wood heater to living area
- LCD & LED lighting
- Bosch gas (instantaneous) hot water
- Skylights
- Solar panels (2011) 1.5kws
- Main bedroom with enquite & BIR
- Covered balcony off main bedroom
- Carpets (2018)
- Double metal garage
- Single carport (unapproved)
COVID-19 AWARENESS UPDATE:
- All inspections must be by private appointment only (rental and sales),
- 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-meter social distance rules
Listing description written by Peter Walker, Ray White Canberra — reproduced as published, not verified by Districts.