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.
$700,000
Last sold
14 Nov 2016
4
Bedrooms
2
Bathrooms
2
Car spaces
1,084 m²
Land
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
$700,000
14 Nov 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
-26.7%
Median sale
Suburb $955,000
+0.75 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
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 Rutherford Johnston PropertiesArchitecturally designed by reputable Architects Playoust, this beautiful, unique home is sure to capture the imagination of those wanting something special. Set on a stunning landscaped block, the rear boundary seamlessly transitions into a tranquil nature reserve.
Stepping inside, the double height entry is flooded with natural northerly sunshine through the floor to ceiling double glazed windows. Down the hallway are the sleeping quarters, whilst up a few stairs is a generous landing that leads you to the living areas.
The family room is light-filled and captures the sun and a garden outlook. An adjoining meals area also has peaceful views to the gardens, as does the modern renovated kitchen. Showcasing stainless steel appliances including a Bosch 5 burner gas cooktop, it is easy to image yourself cooking and entertaining friends in the complete privacy of this tranquil bush setting.
A spacious formal living and dining room offers views of the mountains to the front and the reserve at the rear - a truly magical and ultra-private room for relaxing.
Segregated from the living spaces, the master bedroom has its own ensuite, while the three additional bedrooms share a generous main bathroom. There is also a dedicated study, perfect for anyone working from home. The large window looks out to the grassed back yard where your children can play safely as you work. It is also the perfect size as a play room to keep the clutter out of the formal living spaces. The huge family sized laundry rounds out the lower level and has access straight outside to the clothesline.
Sitting on the rear deck, looking out to the reserve and the glorious gum trees, it's hard to believe you're not in the countryside. The backyard has multiple layers including a flat grassed area for the children to play. Parking space will never be an issue with a double carport, enclosed workshop, huge walk-in under house storage, parking for a trailer or caravan and extra off street parking for additional cars out the front.
Beautiful spotted gum flooring to the family area is instantly appealing and adds to the comfort factor, along with ducted gas heating and a wall heater to take the chill off changing seasons.
Freshly painted with near new curtains and carpet upstairs, a modern kitchen and manicured gardens mean you won't have to lift a finger - simply move in and enjoy this ultra-rare location. A true hidden gem!
* Double glazed windows to entrance
* Kitchen with Bosch 5 burner gas cooking
* Electric Bosch wall oven
* Range hood & dishwasher
* Quality curtains & pelmets
* Bench & cupboard to laundry
* Built-in robes
* Open study or play area
* Linen & broom cupboard
* Splotted gum floating floor to family & meals
* Parquetry flooring to entry & hallway
* New carpet to living area
* Braemar ducted heating - 6 star
* Freshly painted inside & out
* Water tank & pump
* Solar panels with contract @ 40c (phyto-electricity)
* Dux hot water - 400 litre off-peak
* Deck with sail
* Sprinkler system in place
* Double brick carport under roofline
* Workshop
* Under house storage
* Trussed roof with tiles
* R4 ceiling insulation
* Year built - 1975
* House size approx. 196m2
* Block sixe approx. 1084m2
Listing description written by Geraldine Rutherford, Rutherford Johnston Properties — 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.