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Sold on 29 Sep 2023 for $515,000

8/513 Chapel Road
Bankstown NSW 2200

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
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Property Details for 8/513 Chapel Rd, Bankstown

8/513 Chapel Rd, Bankstown is a 2 bedroom, 1 bathroom Apartment with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 2 bedroom Apartment sold in Bankstown in the last 12 months.

Building Type
Apartment
Local Government
Canterbury-Bankstown
Lot/Plan
8/SP91918

Last Listing description (September 2023)

Centrally located directly opposite NSW Tafe and only a 5 minute walk to shops, station and the new Western Sydney University campus, this oversized apartment is sure to impress. Investors please note potential rental return in excess of $550 per week. Total Area 123m2.

Highlights Include
• Highly sought after location

• 2 large bedrooms
• Open plan living area with separate dining
• Modern kitchen and bathroom
• Brand New Timber flooring
• Private street facing balcony
• Valuable 2 Secure Basement Parking

Strata Fees $863 per qtr
Council rates $404 per qtr
Water Rates $180 per qtr

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Property History for 8/513 Chapel Rd, Bankstown, NSW 2200

A timeline of how this property has performed in the market
Last Sold
$515,000
29 Sep 2023
Listed for Rent
$430/w
04 Jul 2018
  • 29 Sep 2023
    Sold for $515,000
  • 12 Sep 2023
    Listed for Sale Auction On Site 30 Sep at 11am
  • 23 May 2018
    Listed for Rent - Price not available
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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 15,996 properties. Over the last 5 years, Houses in Bankstown have seen a 59.87% increase in median value, while Units have seen a 16.86% increase. As at 31 July 2024:

  • The median value for Houses in Bankstown is $1,370,296 while the median value for Units is $535,017.
  • Houses have a median rent of $700 while Units have a median rent of $560.
There are currently 67 properties listed for sale, and 36 properties listed for rent in Bankstown on OnTheHouse. According to CoreLogic's data, 855 properties were sold in the past 12 months in Bankstown.

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