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
2
Car spaces
1,403 m²
Land
191 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 Ray White CanberraWith a superb northerly aspect and nestled into a private bushland setting adjacent to reserve, this enchanting and extended four-bedroom-plus-study residence is a rare and unique find. Similar in feel to a Pettit and Sevitt design of the same period, 61 Somerville Street oozes charm and character, with its high ceilings and open plan layout creating a warm and comfortable living experience.
The residence was built in 1974 as a project home based on a famous modular design by the Melbourne firm, Civic Constructions. In the mid 1990's renowned Canberra architect Robert Warren was engaged by the current owners to design an extension which would complement the existing character of the home. This was achieved with outstanding results and has to be seen to be appreciated.
With full deference to the winter sun, living spaces enticing in their earthy, elemental craftsmanship including timber ceilings, expanses of glazing and era specific joy such as cork kitchen flooring and Yves Kline Blue bathroom this particularly inviting residence has got the lot, ready to move in and feel like a well worn and loved home instantaneously.
Inside, the home has a lovely welcoming ambience with a single-level floor plan that is oriented to take full advantage of the natural light and presents a leafy outlook from every room. The home retains its original charm and 1970s feel and would be perfectly suited to professionals or families with a penchant for renovating and adding their own personal touches and creative flair.
The living room, kitchen and dining area take full advantage of the broad northerly aspect. They are are soaked in sunshine and lead outdoors to a secluded deck and courtyard, creating the perfect outdoor haven. Three of the bedrooms are located to the rear of the home and serviced by the main original bathroom and separate toilet.
The house offers a versatile floor plan to suit a range of purposes limited only by your imagination. As the family room has its own entrance and is segregated from the main living areas, it has endless possibilities as a study, rumpus room, home office, or parents retreat. You could even open your doors to Airbnb by utilising the expansive master bedroom, ensuite and tranquil garden courtyard. I can assure you, your guests won't want to leave!
PLEASE NOTE THIS PROPERTY WILL GO TO AUCTION ON SITE SATURDAY, 04th AUGUST AT 1:00PM
Features include:
- Elevated and north facing 1,403sqm block with distant hilltop views
- Peacefully located in a quiet corner of the street siding reserve
- Welcoming double front door entrance
- Extended four-bedroom-plus-study home
- Expansive master bedroom with walk-in-robe, original en suite, and private garden courtyard
- Light-filled living spaces with western red cedar raked ceilings
- Living room with Heatmaster open fireplace and energy saving Rinnai gas heater
- Original quality timber kitchen with electric cooktop and generous bench space
- Open plan kitchen and meals area
- Separate formal dining area
- Bedroom two/study
- Bedroom three with custom timber built-in desk and shelving, or convert back to wardrobe
- Bedroom four originally two bedrooms which have been converted into a spacious fourth bedroom or guest suite. This arrangement could easily be reversed to restore the home to its original configuration
- Original main bathroom and separate toilet
- Sun-drenched north-facing living room flowing out to a private and peaceful terrace
- Abundant storage and custom-built shelving throughout the home
- Separate light-filled laundry with solid timber benchtop
- Double carport under roofline
- Huge storage room or workshop with separate entry
- Three north facing and paved courtyard areas
- Rear garden offers a tranquil and native bush feel with extensive paths and stonework
- Walking distance to Mt Rogers nature reserve and walking tracks.
Set in a very convenient location close to the Spence shops, community ovals and public transport. Situated only a few minutes drive to Westfield Belconnen and the Barton Highway, ideal for a quick commute. A variety of popular schools are within close proximity, and Mt Rogers Nature Reserve is on your doorstep.
Listing description written by Phyllis Tidmarsh, Ray White Canberra — 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.