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
985 m²
Land
175 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 CanberraPlease note: This property will be auctioned on Sunday, February 2nd, 2025, as part of our Summer Showcase Auction Event held at the Hyatt Hotel Canberra. It will be in lot 2 of the event, which will commence at 11:30 am.
Welcome to 43 Magrath Crescent, Spence ACT 2615 - a beautiful family home offering space, comfort, and style in one of Canberra's most sought-after suburbs. Nestled on a large block, this inviting residence provides four generously sized bedrooms, making it the perfect fit for growing families or those seeking extra room to spread out. With an updated main bathroom that combines modern finishes with functionality, this home is ready for you to move in and enjoy.
The heart of the home features a large, updated kitchen that will delight any home chef. With plenty of bench space, sleek cabinetry, and modern appliances, it offers both practicality and style. The kitchen also boasts great views, making it a pleasure to cook while enjoying the natural surroundings. The open-plan layout extends into multiple living areas, ideal for both relaxation and entertaining. Whether you're hosting family gatherings, enjoying movie nights, or simply unwinding after a long day, the flexible spaces cater to all your needs.
For those who love to entertain, the home offers two fantastic outdoor areas - a sunroom for year-round enjoyment and a covered deck that is perfect for alfresco dining and BBQs with friends and family. Storage will never be an issue here! In addition to the ample under-house and under-deck storage spaces, the oversized double garage offers plenty of room for vehicles, tools, or hobbies. If you need even more space, a dedicated workshop area allows for DIY projects or extra storage options, catering to your every need. Plus, the garage comes equipped with a car charging point for the environmentally conscious or those who drive electric vehicles.
Set on a large block, this home provides both indoor and outdoor living opportunities. The front and backyards offer room for children to play, pets to roam and is a beautiful garden oasis. The beautifully maintained gardens add to the home's charm and provide a peaceful retreat just moments from your doorstep.
Located in the family-friendly neighborhood of Spence, this property is close to schools, parks, public transport, and local amenities. Offering the perfect blend of suburban tranquility and urban convenience, 43 Magrath Crescent is a must-see for those looking to buy a home that ticks all the boxes.
Key Features:
• Four good-sized bedrooms
• Large, updated kitchen with great views and plenty of bench space
• Updated main bathroom
• Multiple living areas for flexible living
• Two outdoor entertaining options: sunroom and covered deck
• Generous under-house and under-deck storage
• Oversized double garage with workshop space
• Split system installed in the family room
• Ducted gas heating
• Car charging point in the garage
• 18 Solar Panels & Battery
• Large block with room for children, pets, or gardens
• Close to schools, parks, and local amenities
• Block: 985m2
• Living: 175.78m2
• Garage: 72m2
• Built: 1976
• EER: 3.0
• Rates: $3, 412.18 pa
• Land Tax:$6,446 pa
Disclaimer: All information regarding this property is from sources we believe to be accurate, however we cannot guarantee its accuracy. Interested persons should make and rely on their own enquiries in relation to inclusions, figures, measurements, dimensions, layout, furniture and descriptions.
Listing description written by Jake Battenally, Ray White Canberra — reproduced as published, not verified by Districts.