SOLD
Sold on 02 Jul 2024 for $2,100,000

220 South Terrace
Bankstown NSW 2200

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 119m2
Land area: 706m2
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Property Details for 220 South Tce, Bankstown

220 South Tce, Bankstown is a 0 bedroom, 0 bathroom House and was built in 1930. The property has a land size of 706m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 0 bedroom House sold in Bankstown in the last 12 months.

Building Type
House
Year Built
1930
Floor Size
119m2
Land Size
706m2
Local Government
Canterbury-Bankstown
Lot/Plan
71/DP606546

Last Listing description (April 2023)

Colliers is pleased to offer a premier opportunity to acquire an exceptional DA approved mixed use development site on flexible B4 zoning in the highly sought-after location of Bankstown, Sydney's South West.

220-222 South Terrace occupies a prominent corner position, with the Bankstown Master Plan permitting future uplift in density within a suburb fast becoming a leading health, education and innovation corridor.

Investment Highlights:

Corner site 2,178m
DA approved for 91 units and 406m ground floor retail
Proposed GFA = 7,492m
CBD location, in close proximity to Bankstown Central, public & private schools, Bankstown railway station, Western Sydney University and Bankstown Hospital.
Short-term lease holdover with potential to revert to market rents

The property is for sale by Expressions of Interest closing on 29th September 2022.

*approx

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Property History for 220 South Tce, Bankstown, NSW 2200

A timeline of how this property has performed in the market
Last Sold
$2,100,000
02 Jul 2024
Listed for Rent
$480/w
15 Aug 2020
  • 02 Jul 2024
    Sold for $2,100,000
  • 24 Aug 2022
    Listed for Sale Please contact agent
  • 14 Aug 2020
    Listed for Rent $480 / 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 15,844 properties. Over the last 5 years, Houses in Bankstown have seen a 56.63% increase in median value, while Units have seen a 14.62% increase. As at 31 October 2024:

  • The median value for Houses in Bankstown is $1,416,285 while the median value for Units is $548,586.
  • Houses have a median rent of $720 while Units have a median rent of $580.
There are currently 77 properties listed for sale, and 64 properties listed for rent in Bankstown on OnTheHouse. According to CoreLogic's data, 826 properties were sold in the past 12 months in Bankstown.

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