OFF MARKET

404/61-63 Rickard Road
Bankstown NSW 2200

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 101m2
Land area: 118m2
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Last updated 28 Oct 2024
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Property Details for 404/61-63 Rickard Rd, Bankstown

404/61-63 Rickard Rd, Bankstown is a 2 bedroom, 2 bathroom Unit and was built in 2017. The property has a land size of 118m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in February 2017.

Building Type
Unit
Year Built
2017
Floor Size
101m2
Land Size
118m2
Local Government
Canterbury-Bankstown
Lot/Plan
29/SP91053

Last Listing description (October 2024)

Located just a 7-minute walk from the station at Bankstown, this unit is close to all of the amenities of Bankstown CBD. It is just across the road from the new Western Sydney University. It is on the 4th floor with 2 generously sized balconies, one facing over the street, and one facing to the East, both with great district views.

It offers 2 big bedrooms, both with built-ins, and the master bedroom has an ensuite. Entertainers will enjoy the spacious lounge and separate dining area, and the poly kitchen with marble benchtops, stainless steel appliances, and gas cooking. The main bathroom is elegant and has a separate shower, bathtub and toilet. There is a concealed internal laundry. It also has a small study /office area for those who need to work from home. There is split system air-conditioning and a video intercom system installed. You will love the waterproof timber hybrid flooring which is easy to keep clean and is installed throughout the unit. There is also a single secure car space plus a 2m2 storage locker, and there is plenty of visitor parking.

This unit is currently rented to great tenants for $550 per week. The true rental potential is $620-$650 per week. These tenants have a Lease Agreement to 17th March 2025. We can negotiate with them to get Vacant Possession earlier if you want to move in. This unit has an internal area of 101m2 including the balconies, and 118m2 in total. Strata is $1238 per quarter and they maintain the building in a very good condition. This building is 7 years old but it has been built well and has stood up to the test of time. This is a great opportunity for first-home buyers and investors. Call Graeme to organize an inspection today!

Property History for 404/61-63 Rickard Rd, Bankstown, NSW 2200

A timeline of how this property has performed in the market
Last Sold
$580,000
08 Feb 2017
Listed for Rent
$500/w
02 Mar 2023
  • 18 Oct 2024
    Sold for $589,950
  • 20 Aug 2024
    Listed for Sale $589,950
  • 22 Feb 2023
    Listed for Rent $500 / week
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About Bankstown 2200

The size of Bankstown is approximately 6.5 square kilometres. It has 25 parks covering nearly 5.8% of total area. The population of Bankstown in 2011 was 30,571 people. By 2016 the population was 32,103 showing a population growth of 5.0% in the area during that time. The predominant age group in Bankstown is 20-29 years. Households in Bankstown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bankstown work in a professional occupation. In 2011, 52.4% of the homes in Bankstown were owner-occupied compared with 48.2% in 2016.

Bankstown has 15,842 properties. Over the last 5 years, Houses in Bankstown have seen a 56.86% increase in median value, while Units have seen a 15.40% increase. As at 30 September 2024:

  • The median value for Houses in Bankstown is $1,404,334 while the median value for Units is $546,532.
  • Houses have a median rent of $720 while Units have a median rent of $570.
There are currently 84 properties listed for sale, and 59 properties listed for rent in Bankstown on OnTheHouse. According to CoreLogic's data, 824 properties were sold in the past 12 months in Bankstown.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.