OFF MARKET

51 Magrath Crescent
Spence ACT 2615

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 162m2
Land area: 1021m2
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Last updated 16 Sep 2024
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Property Details for 51 Magrath Cres, Spence

51 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 1021m2 and floor size of 162m2. While the property is not currently for sale or for rent, it was last sold in March 2015.

Building Type
House
Year Built
1975
Floor Size
162m2
Land Size
1021m2
Local Government
Belconnen
Lot/Plan
SPENCE: Block 20, Section 13

Last Listing description (March 2015)

Set among established trees and gardens this 4 bedroom ensuite home is located on an elevated 1,021m2 block surrounded by other quality homes. The property is in original condition and ready to be brought into the 21st Century - great potential for the astute buyer!

With 240m2 (approx 26 squares) of living area means the home is ideal for a growing family to grow! Walk through the front door and immediately the large size of the home is evident. An entry hall with built in cupboard storage, leads through glass doors to the partially covered rear patio area.

From the entry hall is a sunken formal lounge room that leads up into a separate formal large dining room. From here there's access to a huge rumpus room that's big enough for a full size billiard table and could easily be used as a games or theatre room. A good size family/ meals area adjoins the kitchen with direct access to the rear patio area via the glass sliding door.

On the other side of the entry are four large bedrooms with an ensuite in the main and built in robes in the other 3 bedrooms. The home also includes ducted gas heating. reverse cycle air conditioning in the dining & lounge rooms as well as a double garage under the roofline.

The home is centrally located - only a few minutes walk to the local shops, school, public transport and parkland.

This is a unique opportunity to breathe new life into this sleeping beauty and transform it into a stunning family home!!

Features include:
4 bedrooms with ensuite
all bedrooms with B.I.R.
separate lounge room and dining rooms
large rumpus/ billiard room
family/ meals area off kitchen
ducted gas heating
R/C/A/C in lounge/ dining rooms
rear entertainment patio
double garage under roofline
storage area under home

Land tax - $2,613.00 a year

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Property History for 51 Magrath Cres, Spence, ACT 2615

A timeline of how this property has performed in the market
Last Sold
$550,000
04 Mar 2015
Listed for Rent
$500/w
26 Mar 2013
  • 04 Mar 2015
    Sold for $550,000
  • 14 Jan 2015
    Listed for Sale AUCTION
  • 20 Feb 2013
    Listed for Rent - Price not available
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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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