Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
2 Bedroom Unit in the Heart of the CBD
Perfectly positioned just a one-minute walk from Bankstown Station, this spacious apartment offers exceptional convenience and lifestyle in the heart of Bankstown CBD. It is also only a five-minute walk to the new University of Western Sydney campus, making it an ideal opportunity for both owner-occupiers and investors.
Situated on the third floor with a sunny northerly aspect, the apartment features a generous balcony with attractive district views.
Property features include:
- Two large bedrooms, the main with a walk-in robe.
- Spacious open-plan living and dining area, ideal for entertaining.
- Modern polyurethane kitchen with granite benchtops, stainless steel appliances, and gas cooking.
- Elegant main bathroom with separate shower, bathtub, and toilet.
- Full-sized internal laundry with a second toilet.
- Secure single car space.
- Plenty of visitor parking available.
The apartment offers 100 square meters of internal living space, including the balcony, with a total area of 116 square meters, including a 19 square meter car space.
Currently rented at $600 per week, with an estimated rental return of approximately $600 to $630 per week in the current market. The lease has expired, allowing for vacant possession with a standard 42-day settlement if desired.
Strata levies are $3,341.32 per quarter. This building is 26 years old, and there are some building issues that the Owners Corporation has borrowed money to fix. The loan repayments are mostly responsible for the high strata fees. The strata fees will be reduced significantly in the next six months once the Fire Safety Certificate is obtained, and the Building Insurance Premium is reduced. The loan repayments have about three years to run until they are repaid. The building rectification works should be finished in the next two years.
This unit is a good long-term investment for those who have the cash flow to afford the $3,863 per quarter strata fees. If this unit had no strata issues, it would be worth between $630,000 and $650,000 in the current market. You will pay $3,863 times four quarters times three years, totaling $46,356, to hold this unit until the defects are rectified and the bank loan is repaid. At that time, it should be worth at least $630,000, meaning that you will make a capital gain of around $150,000.
Inspection is available via advertised open homes or private inspection by appointment.
Features:
- Close to schools
- Close to shops
- Close to transport
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Open for Inspections
Upcoming inspection times scheduled in the next 14 days.
This property has had 1 previous open for inspection. Schedules can change at late notice, please confirm times with the selling agent before attending an open home.
Location
Bankstown NSW 2200
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 116 m² |
Market Insights for Bankstown NSW 2200
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
