OFF MARKET

29 Magrath Crescent
Spence ACT 2615

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 130m2
Land area: 1027m2
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Property Details for 29 Magrath Cres, Spence

29 Magrath Cres, Spence is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 1027m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
House
Year Built
1975
Floor Size
130m2
Land Size
1027m2
Local Government
Belconnen
Lot/Plan
SPENCE: Block 5, Section 9

Last Listing description (September 2023)

Set on an enormous RZ2 block of land in excess of 1,000sqm, this well maintained home is a rare offering to the market in this tightly held location. With current owners now downsizing, this could be an excellent opportunity for those buying a family home to really make their own, or investors looking to capitalise on future development opportunities.

Formal and informal living spaces are roomy and spacious, the upper level with three ample bedrooms, all with built in wardrobes. The main bedroom also has an ensuite bathroom.

High set, there are lovely views from the back of the home. And for tradies or people looking to run a home business, there is a large double garage plus loads of under house storage space. Additionally there is a great sized extra room at the back of the garage ideal as a home office, study or hobby room.

Outdoors, the large backyard provides ample room for expansion and there are a large variety of well established fruit trees as well.

Located near to the popular Spence Grocer, it is only a short stroll to pick up some supplies or to be able to enjoy your morning coffee. Pop along to one of our open homes or contact Team Peta Barrett today on 0499 044 028 to arrange an inspection by appointment.

* Prime RZ2 location, with a block of approximately 1,027sqm
* Three ample bedrooms with built in wardobes
* Main bedroom with ensuite bathroom
* Spacious formal and informal living areas
* Well maintained, neat and tidy
* Huge backyard with an array of established fruit trees
* Excellent location close to popular Spence shops

Land Size: 1,027sqm
Living Size: 154sqm
EER: 1.0

Rates: $2,731pa (approx.)
Land tax: $4,397pa (approx.)
UCV: $549,000 (2022)

Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must rely on their own enquiries. This business is independently owned and operated by Belle Property Canberra. ABN 95 611 730 806 trading as Belle Property Canberra.

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Property History for 29 Magrath Cres, Spence, ACT 2615

A timeline of how this property has performed in the market
Last Sold
$860,000
15 Sep 2023
  • 15 Sep 2023
    Sold for $860,000
  • 25 Aug 2023
    Listed for Sale By Negotiation

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About Spence 2615

The size of Spence is approximately 1.5 square kilometres. It has 11 parks covering nearly 17.3% of total area. The population of Spence in 2011 was 2,559 people. By 2016 the population was 2,585 showing a population growth of 1.0% in the area during that time. The predominant age group in Spence is 30-39 years. Households in Spence are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Spence work in a professional occupation. In 2011, 78.3% of the homes in Spence were owner-occupied compared with 76.9% in 2016.

Spence has 1,040 properties. Over the last 5 years, Houses in Spence have seen a 55.44% increase in median value, while Units have seen a 53.54% increase. As at 31 August 2024:

  • The median value for Houses in Spence is $829,397 while the median value for Units is $563,330.
  • Houses have a median rent of $575.
There are currently 1 property listed for sale, and 1 property listed for rent in Spence on OnTheHouse. According to CoreLogic's data, 33 properties were sold in the past 12 months in Spence.

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