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
3
Bedrooms
2
Bathrooms
2
Car spaces
1,335 m²
Land
146 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
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 Elders Real Estate BelconnenSet on an impressive and elevated 1335sqm block, this privately built and stylishly presented three bedroom ensuite residence offers the perfect space, both inside and out, for a growing family.
The recently refurbished home offers an abundance of light through its north facing floor to ceiling windows, whilst the raked ceilings and split level design boasts charm and character, making this home unique from all the rest. The north facing and private courtyard hosts a large paved entertaining area - the perfect place to gather with family and friends, whilst the kids and pets can run free in the oversized and fully enclosed backyard.
You will love the lifestyle that's on offer here, surrounded by quality homes in a peaceful location with the popular Mt Rogers Reserve right on your doorstep for those nature enthusiasts.
Features include:
- Elevated and expansive 1335sqm block
- North facing aspect with views across Belconnen
- 3 bedroom ensuite split level home, all with built in robes
- Spacious master bedroom with refreshed ensuite and double robes
- Spacious kitchen with new oven, cooktop and range hood with loads of cupboard space
- Sundrenched living, kitchen, and dining rooms
- New blinds and bamboo timber flooring in living room and bedrooms
- Updated main bathroom and separate toilet
- Freshly painted both inside and out
- Secluded and north facing paved courtyard
- Double brick secure garage with remote access
- Two driveways, one with separate side access to the backyard - perfect for a boat, caravan or the tradies truck!
- Ducted heating and cooling throughout
- Back to base alarm system
- Security sensor lights
- Separate laundry with ample storage
- Lockable garden shed
- Fully enclosed backyard offering ample room for the kids, pets, vegie gardens, storage sheds, workshops or future extensions
- 2 minute walk to Mt Rogers Nature Reserve - perfect for morning walks or keeping fit!
- Ready to move in and enjoy!
The location is just superb - easy access to popular schools, local shops, public transport and still only minutes from Westfield Belconnen and Gungahlin Market Place. This is a tightly held area, and only a small number of homes become available each year in such a desirable position.
Listing description written by Phyllis Tidmarsh, Elders Real Estate Belconnen — 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.