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Sold on 12 Nov 2024 for $540,000

508/16 Meredith Street
Bankstown NSW 2200

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 70m2
Land area: 2479m2
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SPGR Macquarie Park
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Property Details for 508/16 Meredith St, Bankstown

508/16 Meredith St, Bankstown is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2003. The property has a land size of 2479m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in Bankstown in the last 12 months.

Building Type
Unit
Year Built
2003
Floor Size
70m2
Land Size
2479m2
Local Government
Canterbury-Bankstown
Lot/Plan
44/SP73400

Last Listing description (November 2024)

Just a 5-minute walk to Bankstown Station and future Metroline, this spacious 5th-floor apartment in Bankstown CBD offers modern living and prime convenience.

Highlights:
- Steps from Western Sydney University?s Tower Campus and the new Bankstown RSL

- Two large bedrooms with built-ins, master with ensuite
- Open-plan layout with two bright balconies
Granite kitchen, gas cooking, and new flooring
- Secure double car space with visitor parking

Investment potential:
- $550?$600 per week rental
- Low strata at $1097/quarter
- Move-in ready and vacant

Book your private inspection today!

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Property History for 508/16 Meredith St, Bankstown, NSW 2200

A timeline of how this property has performed in the market
Last Sold
$540,000
12 Nov 2024
Listed for Rent
$550/w
08 Nov 2023
  • 12 Nov 2024
    Sold for $540,000
  • 07 Oct 2024
    Listed for Sale Not Disclosed
  • 21 Jun 2019
    Listed for Rent $440 / 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 15,852 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 71 properties listed for sale, and 71 properties listed for rent in Bankstown on OnTheHouse. According to CoreLogic's data, 822 properties were sold in the past 12 months in Bankstown.

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