23 Alexander Cres, Macquarie Fields NSW 2564
23 Alexander Cres, Macquarie Fields NSW 2564
Large 1980s house | ~1,800–1,900 m² land | Rare block size | Pool and solar | Bushfire overlay noted
This property stands out for its land, not its house. At roughly double the typical suburban block in Macquarie Fields, the 1,800–1,900 m² parcel offers rare space for a detached home in a street that mixes townhouses and standard lots. The 1980-built dwelling is functional rather than premium, with 141 m² of internal living across three bedrooms, two bathrooms, and two car spaces. A pool, solar panels, air conditioning, and an open fireplace add everyday comfort. The land is flat enough for practical use, and the residential zoning with no flood or heritage constraints leaves room for future redevelopment, subject to the bushfire overlay that applies to the site. This suits a family buyer wanting space now and optionality later, or an investor seeking strong rental demand given the $810 weekly rent potential and proximity to the station and local centres.
The bushfire overlay may affect insurance costs and could limit certain extensions or outbuildings, so a buyer should confirm council requirements before committing. The large block also implies higher maintenance, and the mixed streetscape—townhouses nearby—tempers the exclusivity that the land size might otherwise suggest. The 1980 build may need updating in kitchen or bathrooms, and the internal area is modest relative to the land, meaning value sits primarily in the ground rather than the dwelling. Price expectations should weigh these factors against the scarcity of such parcels in this corridor, where land of this scale rarely trades.
|| Comparable Sales: 4 Alexander Cres sold Oct 2024 (4-bed, 720 m²) and 31 Alexander Cres sold Mar 2021 for $750,000 (753 m²) | Property Price Band: $1.4M–$1.5M | Value Drivers: Land size, redevelopment potential, pool and solar, rental yield
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Alexander Cres, Macquarie Fields NSW 2564
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Macquarie Fields is a well-established family suburb in Sydney’s south-west, offering a diverse property mix that includes a significant portion of low-maintenance apartments. Demand is driven by families and first home buyers seeking larger homes, alongside investors attracted by the suburb’s demonstrated long-term capital appreciation. The market has experienced strong recent price growth, with houses selling relatively quickly, indicating robust conditions. Future growth is underpinned by this historical performance and accessible infrastructure, though the rising median house price presents an emerging affordability constraint.
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PropCred Estimated Value
Comparable Sales: 4 Alexander Cres sold Oct 2024 (4-bed, 720 m²) and 31 Alexander Cres sold Mar 2021 for $750,000 (753 m²) | Property Price Band: $1.4M–$1.5M | Value Drivers: Land size, redevelopment potential, pool and solar, rental yield
Bedrooms
3
Bathroom
2
Parking
2
Land
1935m²
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