16 Mcclung Drive, Murrumbateman NSW 2582
16 Mcclung Drive, Murrumbateman NSW 2582
Large land parcel with 71% building coverage | Solar and pool already installed | Auction clearance rate 31% in suburb | Owner-occupied street with low turnover.
This property offers a rare combination of a generous 1,050m² block with high building coverage, which reduces future development risk and provides immediate usable outdoor space. The existing solar panels and swimming pool are value-add features that lower ongoing costs and appeal to families seeking lifestyle convenience. Positioned in a 90% owner-occupied street with a strong school catchment, the house suits owner-occupiers or long-term investors targeting stable rental demand in a tight market.
The primary risk is the local auction clearance rate of 31%, suggesting buyer caution and potential for a slower sale or price negotiation. The listed price range sits above the estimated value, meaning a buyer must negotiate firmly or accept a premium for the location and features. Rental income potential of $930 per week provides a reasonable yield if holding long-term. The property is best used as a family home with optional future subdivision potential, given the land size and coverage ratio.
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Mcclung Drive, Murrumbateman NSW 2582
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Murrumbateman is a rapidly growing rural suburb positioned as a lifestyle destination within commuting distance of Canberra, attracting professionals and families seeking space. This sustained demand has supported a consistent long-term upward trend in the property market, with recent price growth stabilising. The market is characterised by extremely low vacancy rates and limited available listings, indicating tight supply. Future growth is underpinned by its established appeal, though this scarcity of both rental and sale stock presents a key market constraint.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
1050m²
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