401/16 Meredith StreetBankstown NSW 2200
Property Details for 401/16 Meredith St, Bankstown
401/16 Meredith St, Bankstown is a 2 bedroom, 2 bathroom Unit and was built in 2004. The property has a land size of 2479m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Bankstown in the last 12 months.
Last Listing description (September 2024)
Located just 5 minutes walk from the station (and future Metroline) at Bankstown and the new University Of Western Sydney Tower Campus, this unit is in the heart of Bankstown CBD. It is on the 4th floor with a sunny outlook and two balconies. One comes off the living area, and the other off the master bedroom. It offers 2 big bedrooms, all with built-ins, a master with a beautiful ensuite, a spacious open-plan lounge and dining area, a stylish poly kitchen with stainless steel appliances, granite benchtops, and gas cooking. The main bathroom is modern, and the internal laundry is full-sized, not just a cupboard.
There is a secure side-by-side double car space with plenty of visitor parking. The strata management will allow owners to convert their car spaces to double lock-up garages, and several owners have done so. The approximate cost to do so is between $5K-$7K depending on whether you install a remote control entry. This building is across the road from the new Bankstown RSL Club and next door to the Bankstown Police Station.
This unit is vacant but could be rented for $550-$600 per week in the current market. Internal area of 101m2 including the balcony, and 132m2 in total. Strata is $1086.25 per quarter which is very reasonable for a high-rise building with a lift. This is a great opportunity for first-home buyers and investors. Inspection by appointment is welcome.
Property History for 401/16 Meredith St, Bankstown, NSW 2200
- 30 Jul 2024Sold for $522,000
- 16 Jul 2024Listed for Sale $519,950
- 23 Sep 2022Listed for Rent - Price not available
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0About 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 15,891 properties. Over the last 5 years, Houses in Bankstown have seen a 54.34% increase in median value, while Units have seen a 15.20% increase. As at 30 November 2024:
- The median value for Houses in Bankstown is $1,412,079 while the median value for Units is $553,758.
- Houses have a median rent of $720 while Units have a median rent of $580.
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