2 Mcclymont Drive, Catherine Field NSW 2557
2 Mcclymont Drive, Catherine Field NSW 2557
Vacant corner block with basement approval | 502m² lot in Catherine Park estate | Family-targeted master-planned suburb | No completed dwelling on site | Listed for house-and-land development
This is a vacant corner block in the Catherine Park estate, carrying DA approval that includes a basement, which is a relatively rare allowance in this suburb. The 502m² lot is squarely in the typical size band for new family homes here, but the corner configuration offers additional street frontage and potentially more flexible siting for a future build. The block sits within a master-planned community with new schools, shopping centres, and motorway access, making it best suited to a buyer who intends to build a family home rather than move into an existing dwelling. The absence of bushfire, flood, or heritage overlays reduces pre-construction risk, and the NBN fibre and 5G coverage support modern living standards from completion. This property competes primarily with other vacant lots in the estate rather than with finished homes, so its value is tied to the underlying land plus the embedded DA approval.
The presence of DA approval with a basement may affect the sale price by reducing the buyer’s approval timeline and construction costs, though the basement itself may add foundation expense depending on soil conditions. The corner block orientation could influence future resale value through better natural light or reduced rear neighbours, but may also limit some standard house designs. The estimated rent of $620 per week on a completed build suggests moderate yield potential, but the true financial outcome depends on the cost of construction and prevailing market conditions at completion. A buyer should weigh the premium paid for this block against the cost of building a comparable home elsewhere in the estate, and consider whether the basement approval adds genuine utility or is simply a listed feature.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Mcclymont Drive, Catherine Field NSW 2557
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Catherine Field is a family-focused suburb anchored by its award-winning masterplanned community, attracting young professionals and tradespeople seeking established family environments. This demographic is driving sustained demand, reflected in strong annual sales volumes and robust price growth. The market demonstrates solid fundamentals with tight vacancy rates, though increasing stock levels and extended selling periods indicate a potential shift in conditions. Future growth is underpinned by its quality school catchments and amenity proximity, yet affordability pressures from recent price appreciation present a key sensitivity.
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PropCred Estimated Value
Bedrooms
6
Bathroom
4
Parking
2
Land
502m²
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