9 Colborne Place Spence ACT 2615
9 Colborne Place Spence ACT 2615
4 bed family home | cul-de-sac backing parkland | 924m² land | updated interiors | low rates
This property presents a competitively strong offering for a family buyer, defined by its rare combination of a large, level block in a quiet cul-de-sac with direct parkland access. The four-bedroom layout with segregated master and updated living areas serves the family segment precisely, while the substantial off-street parking and workshop add functional utility exceeding typical Spence stock. Its position offers immediate amenity with walkable local facilities and a short drive to major retail.
The primary decision points involve the very low energy efficiency rating and the 1974 build, which impose tangible costs through higher utility bills and potential capital expenditure. The recent rapid resale suggests a motivated vendor, creating a negotiation opportunity. This house is best held as a long-term family home where the land value and location outweigh the building’s inefficiencies. A Propcred report would ground your offer in verified sales evidence and detail locality-specific risks like insurability.
Recent sales at this address provide a clear value anchor:
– 13 Jul 2022: $936,000
– Prior sale: $768,000
This trajectory indicates strong capital growth, supporting a current valuation materially above the last sale price.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Colborne Place Spence ACT 2615
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
Spence presents as an established Canberra suburb with a mature demographic profile. Recent sales activity demonstrates strong buyer demand, with transactions achieving premium prices, indicating a competitive market for well-presented homes. This demand is supported by a solid rental market, appealing to investors and owner-occupiers alike. While specific growth metrics are unavailable, the observed sales momentum and rental performance suggest underlying strength. Key considerations include the broader market’s sensitivity to interest rates and the persistent supply constraints noted across the territory, which influence local dynamics.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
4
Land
924m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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