3 Magrath CrescentSpence ACT 2615
Property Details for 3 Magrath Cres, Spence
3 Magrath Cres, Spence is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 1059m2 and floor size of 139m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Spence in the last 12 months.
Last Listing description (August 2024)
Possibilities are endless for this property, a four bedroom, privately built home sited on a generous block of approximately 1,058sqm, with a fantastic north aspect and elevated leafy outlook!
One option is to demolish and build three stand alone dwellings, subject to approval.
A second option is to proceed with a development application, already submitted, to build an additional property behind the existing home.
The current home is presented in neat, mostly original condition and offers a scenic outlook from the wide north facing front terrace and large lounge. Ducted gas heating is installed.
Decor is in good condition and neutral carpet features through the lounge and all bedrooms.
Parquetry features in the dining room, which leads to the kitchen and family room. This opens onto a large paved entertaining area with a pergola and built-in gas barbeque.
Bedrooms are spacious and all offer built-in robes, with an ensuite to the master. The main bathroom has been updated and features a bath, shower and separate w/c.
There is a double garage, large garden shed and Colorbond fencing secures the garden. A gravelled area at the front of the home provides parking for several vehicles, while a lush hedge of evergreen magnolias shelters the front garden and could be a bonus for any new development.
It is only a short walk to a ribbon of bushland reserve and local shops.
Ready to occupy now, while future transformation or development is considered.
Features:
- Elevated, generous block of approximately 1,058sqm with a north aspect to the front
- Occupied by a privately built, 4 bedroom ensuite home, in neat, mostly original condition
- Development option of demolition and building three stand alone dwellings
- Development application submitted for the building of a new dwelling behind current house
- Elevated leafy outlook north from wide front terrace and large lounge
- Separate dining room with parquetry flooring
- Kitchen overlooks family room and features a gas cooktop, oven and grill
- Family room opens onto a large paved entertaining with a pergola and gas barbeque
- Ducted gas heating
- Spacious bedrooms, all with built-in robes and master with ensuite
- Updated main bathroom features a bath, shower and separate w/c
- Paintwork in good condition throughout and neutral carpet to lounge and bedrooms
- Double garage, large garden shed and Colorbond fencing
- Gravelled parking at front of home for several vehicles
- Lush hedge of evergreen magnolias screen front garden, a bonus for future development
Disclaimer: Whilst all care has been taken to ensure accuracy, the material and information contained within are approximate only and no warranty can be given. MARQ Property does not accept responsibility and disclaim all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries.
Property History for 3 Magrath Cres, Spence, ACT 2615
- 02 Jul 2024Sold for $890,000
- 15 May 2024Listed for Sale Not Disclosed
- 12 Mar 2024Listed for Sale Not Disclosed
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0About 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 1,037 properties. Over the last 5 years, Houses in Spence have seen a 45.13% increase in median value, while Units have seen a 47.15% increase. As at 31 October 2024:
- The median value for Houses in Spence is $814,383 while the median value for Units is $561,699.
- Houses have a median rent of $588.
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