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
$790,000
Last sold
14 Jan 2016
6
Bedrooms
4
Bathrooms
6
Car spaces
1,362 m²
Land
377 m²
Building
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
$790,000
14 Jan 2016 · derived via latest_sale
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.
Vs Spence
-17.3%
Median sale
Suburb $955,000
+0.43 pp
Gross yield
Suburb 2.04%
Suburb median $955,000 from 7 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 Blackshaw GungahlinThe internal space and multi-function uses are so vast at this remarkable Spence property that they really have to be seen to be truly appreciated. Perfect for a wide scope of domestic applications, from multi-generation families to parents hosting university students or even professionals needing work-at-home consultations rooms; this is a rare opportunity to gather everything under one roof and still have room to move.
Situated on the high side of the street, offering an elevated position in one of Spence’s best locations, this expansive residence with stunning views sited on a large parcel of land is a must see - Don’t expect to see another home like this for many years to come.
You’ll be spoiled for choice at the dual entrances and forgiven for not knowing where to start. Upstairs is the more traditional floor plan, consisting of a large entrance foyer, formal living, formal dining and a family room that connects well to the kitchen making the kitchen the hub of the home with ample cupboard space and views over the large rear landscaped yard.
All bedrooms are spacious with the main bedroom offering an updated ensuite and a large parents retreat, a second bedroom is over-sized and includes a walk-in robe whilst the bathroom has been tastefully renovated with floor to ceiling tiles and is modern in style. A large covered balcony to the rear promotes entertaining with friends and family on a grand or small scale.
Stepping down the internal stairs or exiting and using the separate outside entrance, you’ll find the lower floor plan is where your imagination really ignites with a self-contained flat, several multipurpose rooms, an office and dry storage rooms. The separately metered two bedroom flat has its own bathroom and private double gate access with carport which is sure to be popular for astute investors or multi-generational families.
Outside, too, you’ll find the features are equally large. With a block size of 1362m2 there’s plenty of room children’s outdoor activities, further extensions and family gatherings. Car accommodation is abundant with three garages under and a double tandem carport with its own driveway.
Add the sweeping views and it’s clear why the current owners have been settled in this much-loved home for so many years. Offered for sale for the first time, it’s a property that will absolutely sparkle with some restyling and attention to detail.
- Four bedroom ensuite residence on large block
- Two bedroom separately metered self contained flat
- Heating and cooling
- Three car garage under with automatic doors
- Double tandem carport to side of property with automatic door plus additional single carport to other side of property
- All new guttering and down pipes
- Double glazed windows to some sections of property
Listing description written by Thom Eriksson-Lake, Blackshaw Gungahlin — reproduced as published, not verified by Districts.