7/128 Meredith Street, Bankstown NSW 2200
7/128 Meredith Street, Bankstown NSW 2200
Renovated 3-bed townhouse | Double parking | Boutique complex | Walk to station and metro | Established strata
This townhouse sits at the premium end of Bankstown’s townhouse stock, distinguished by a full renovation that lifts it well beyond the suburb’s typical older strata units. The stone kitchen, herringbone flooring, and floor-to-ceiling tiling signal a finish standard that competes with newer developments, while the private courtyard and secure double parking—one garage, one outdoor space—offer a rare combination for a three-bedroom layout. The established complex, with owners staying on average nearly 16 years, suggests stable neighbours and a well-run building, which matters for long-term living comfort. Its walkability to the train station, upcoming metro, shopping centre, and university makes it a strong fit for families and downsizers who want low-maintenance living without sacrificing access. The 2235 m² site footprint also hints at a more generous complex layout than typical infill townhouse developments, giving it a sense of space that many comparable properties lack.
The April 2026 sale at $828,888 for this exact townhouse provides a recent reference point, though the current guide of $900,000 reflects the renovated presentation and market movement since then. The absence of detected flood, bushfire, or heritage overlays removes obvious environmental constraints, but the lack of verified NBN connection data and the unconfirmed compass aspect may warrant a quick check during inspection. The metro’s arrival could support rental demand and future resale appeal, though its full impact may take time to materialise. Buyers should weigh the premium finishes against the complex’s age and strata fees, which are not disclosed here, and consider whether the location’s convenience offsets any uncertainty around the building’s long-term maintenance outlook.
|| Comparable Sales: 3/128 Meredith St sold $785,000 (Sep 2024); 907/16 Meredith St sold $828,888 (3-bed, 3-car) | Property Price Band: $850K–$950K | Value Drivers: Renovation quality, double parking, walkability to transport and retail
Detailed Independent Property Report prepared by PropCred Analyst team for 7/128 Meredith Street, Bankstown NSW 2200
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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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: 3/128 Meredith St sold $785,000 (Sep 2024); 907/16 Meredith St sold $828,888 (3-bed, 3-car) | Property Price Band: $850K–$950K | Value Drivers: Renovation quality, double parking, walkability to transport and retail
Bedrooms
3
Bathroom
2
Parking
2
Land
212m²
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