17/113 Meredith Street, Bankstown NSW 2200
17/113 Meredith Street, Bankstown NSW 2200
Large 129 m² two-bedroom | dual secure parking | walk to Metro and shops | fresh modern finishes | walk-up full-brick block
A generous 129 m² floor area is offered here, larger than most two-bedroom units in Bankstown, and two secure basement car spaces are included; a combination rarely found near the Metro. The unit has been freshly painted and re-floored, with a modern kitchen and internal laundry, so no immediate work is required. It is positioned in a full-brick, walk-up block on a tree-lined street, within a short walk of Bankstown’s shopping, dining, and station. It is considered most suitable for first-home buyers, investors, or downsizers who value space, parking, and convenience ahead of lift access or resort-style amenities.
Value may be shaped by stairs-only access, which might limit appeal for older buyers, and the older full-brick construction may carry higher future maintenance. Dual parking and the large floor area may justify a premium over single-car units, while resilient rental demand supports income. The final price may hinge on the weight given to the walk-up layout against the property’s size and parking.
Detailed Independent Property Report prepared by PropCred Analyst team for 17/113 Meredith Street, Bankstown NSW 2200
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Bankstown presents a bifurcated market: houses at a median of $1.595 million have grown 11.15% annually, while units sit at $595,000 with 10.19% growth. Recent figures vary—one source places house growth at 13.8% and units at 8.3%—but momentum is clear. Units trade in about 23 days versus 56 for houses, with 482 unit sales against 126 house sales, reflecting stronger turnover in the affordable segment. Demand is led by first-home buyers, young professionals and investors, drawn to a 5.51% gross rental yield on units and a 13.2% increase in unit rents. Families continue to underpin the house market. Risks centre on affordability: house incomes run 35.9% below Greater Sydney’s average, which limits upside, though the 52.3% strata share and faster unit absorption suggest ongoing investor interest.
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PropCred Estimated Value
Comparable Sales: 20/113 Meredith St (109 m², top-floor, tandem garage, sold about $600K); 2/131-133 Meredith St (95 m², single garage, sold about $550K) | Listed Price Band: $550K–$650K | Value Indicator: condition, floor area, dual parking
Bedrooms
2
Bathroom
1
Parking
2
Land
1837m²
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