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ACT › Spence › Magrath Cres

68 Magrath Cres, Spence ACT 2615

House

4

Bedrooms

3

Bathrooms

3

Car spaces

1,405 m²

Land

243 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • CalculationLand 1,405 m² against a 243 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Spence (last 5 years) with land size: median $982/m² of land (n=13). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

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.

See the full Spence report →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Soldprice unknown30 Sept 2017
  2. Listedprice unknowncompleted7 Sept 2017

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

ACT

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Spence in one glance

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.

See the full Spence report →

Keep researching

  • Why Spence? Read the area thesis →
  • What else is on the market in Spence →
  • Other records on Magrath Cres →

Listing material

Listed by Ray White Canberra

Spence's Finest

Enviably positioned in Spence's blue ribbon street and backing Mt Rogers Nature reserve proudly sits this spectacular family home. Not only is it rare for a home to come on the market in this street, but a home that offers so much is a once in a lifetime opportunity.North facing and proudly positioned on the high side of the street with spectacular views to Mt Ainslie, Mt Majura & Mt Springfield as well as across the Gungahlin Region you will spend hours entertaining friends and family while soaking in the panoramic views on a huge wrap around balcony. The huge block provide an abundance of off street parking and the spacious backyard is a world onto its own with a chook run, bird aviaries, large veggie patch and established fruit trees. The highlight of the backyard is the inground, solar heated saltwater pool that will be an entertaining focal point during the warmer parts of the year. Direct access from the backyard to the ever popular Mt Rogers walking trail provides the opportunity to immerse yourself in nature while walking, exercising or walking the family dog off lead. Internally the home offers an abundance of space for the growing family and is designed for both privacy and opening plan interaction. Downstairs features a large light filled entry foyer, oversized study and massive rumpus room that the kids will love. Leading off the rumpus room is an internal access double garage, oversized laundry and renovated bathroom. The homes 4th bedroom (retreat) is also located downstairs and it's unique design is sure to impress. An abundance of storage is also located under the home and it will cater for all of your storage needs. Upstairs you will find the home's central hub with a spacious open plan design that features an award winning kitchen that is designed to interact with both the backyard and living spaces. The light filled living room exudes warmth and takes in the breathtaking northerly views and provides the perfect space to unwind! The master bedroom features a lavish updated bathroom and the other 2 bedrooms upstairs all feature BIR's and are serviced by a fully renovated bathroom. This spectacular home truly is a one of opportunity to secure arguably one of the best homes in the area and with such an extensive list of features it's a must inspect for buyers looking to secure a truly remarkable family home! PLEASE NOTE THIS PROPERTY WILL GO TO AUCTION ON SITE SATURDAY, 30 SEPTEMBER AT 1PMSome of the homes many features include:North facing with panoramic views across Canberra Backing and with direct access to the hugely popular Mt Rogers nature reserveIn ground solar heated, saltwater pool with sand filter Expansive established gardensLarge split system air conditioning systemAs new award winning kitchen, with smeg appliances, induction cooktop, bosch dishwasher and stone benchtops 4 bedrooms & an oversized studyOpen plan living space and a huge rumpus roomMassive amounts of dry and secure under house storageDouble garage and carportLarge north facing wrap around balcony and an undercover entertaining area Close proximity to the award winning Spence shops that feature a great cafe, butcher and bakery. All of this is within a short drive to the Gunghalin Market Place, Belconnen Town Centre, Calvary Hospital, Canberra University and the City.

Listing description written by Liam Wilson, Ray White Canberra — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.