204/3 Leonard Street, Bankstown NSW 2200
204/3 Leonard Street, Bankstown NSW 2200
This is a 3-bedroom, 2-bathroom apartment with 145 square metres of internal space on the 4th floor of a recently built high-rise complex. It includes one car space and sits on a large strata land holding of over 6,300 square metres. The property is located on a quiet street within walking distance of Bankstown Shopping Centre, the train station, and local schools.
The size of this apartment is its strongest competitive advantage. At 145 square metres, it is significantly larger than most new units in Bankstown, where two-bedroom layouts dominate the market. This extra space, combined with a modern kitchen, open plan living, and two balconies, makes it a rare configuration for buyers seeking a genuine three-bedroom home rather than a compact investment unit. The property is best suited to young families or professionals who want the convenience of a central, high-density location without sacrificing living area. Its position on a quiet street within an ultra-convenient suburb adds a layer of appeal that many high-rise apartments lack.
The 2022 sale price of $670,000 provides a clear historical benchmark, but several factors may shape its current value. The property sits within a large strata scheme, so future levy increases or special levies could affect holding costs. A recent comparable unit in the same complex transacted at $627,000 in late 2025, which may suggest some price softening in the segment. The rental yield, estimated at around 5.6 percent based on nearby listings, is solid and supports investor interest. Buyers should weigh the premium for the larger floorplan against the broader market conditions in Bankstown, where newer stock continues to enter the market. The lack of bushfire or flood risk is a neutral point, but the high-rise setting may reduce privacy and introduce ambient urban noise, which could influence long-term desirability for owner-occupiers.
Detailed Independent Property Report prepared by PropCred Analyst team for 204/3 Leonard Street, Bankstown NSW 2200
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
Bankstown presents a compelling duality, with its established family housing market complemented by a dynamic and fast-moving unit sector. Demand is driven by a diverse mix, from families seeking larger homes to first home buyers and investors drawn to the accessible apartment market, where strong rental growth and rapid turnover indicate robust renter appeal. Recent price trends show solid capital appreciation across both property types, supported by a high volume of unit sales. Future growth is underpinned by this sustained demand for more affordable, strata-titled living, though the suburb’s relative income levels suggest a degree of affordability pressure compared to broader Sydney.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1.57 acres
URL has been copied successfully!