1/28 Monomeeth Street, Bexley NSW 2207
1/28 Monomeeth Street, Bexley NSW 2207
This is a ground-floor, two-bedroom, one-bathroom flat apartment with one secure car space. It was built in 1964 and sits within a 15-unit block on a 1,234 square metre lot. The internal size is 101 square metres, which is oversized for a two-bedroom unit in Bexley. Floorboards run throughout and the bedrooms include built-in robes.
What is competitively strong here is the combination of ground-floor access and genuinely oversized internal space. Most two-bedroom flats in Bexley are smaller, so the extra square metres translate directly into better livability and stronger rental appeal. The sun-filled aspect and secure parking add further practical value. This property suits first-home buyers looking for more room without moving to a house, or investors targeting tenants who value space and convenience over a newer finish. Its position in an established residential pocket of Bayside means the neighbourhood character is settled, with good school catchment access and no environmental overlays creating uncertainty.
The age of the building may affect the value in a few ways. A 1964 build often means solid construction but older plumbing, electrical, or common-area finishes that could require attention over time. Because the property is part of a 15-unit block on a shared lot, owners have less control over major building decisions than they would with a standalone title. Strata levies and the condition of the sinking fund should be reviewed carefully. The price range suggested by recent activity in the same building implies the market already accounts for these factors, so the opportunity lies in confirming whether the building’s financials and maintenance history are in good order.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/28 Monomeeth Street, Bexley NSW 2207
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Bexley is a well-established, conveniently located suburb attracting families, first home buyers, and investors. Demand is driven by families seeking larger homes and younger buyers targeting lower-maintenance apartments, supported by ongoing development. Recent market conditions show relative stability with a slight softening in house prices, though strong rental growth persists. Its historical consistency and convenient location underpin future appeal, while the significant apartment supply indicates a diverse market catering to varied affordability levels.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1234m²
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