907/16 Meredith Street, Bankstown NSW 2200

3-bed penthouse | 149sqm internal | 3-car parking | flood overlay noted This property offers an unusual configuration for a Bankstown apartment: 149 square metres of internal space with three dedicated car spaces positions it closer to a townhouse in utility. The penthouse designation and modern updates give it a clear edge over the standard three-bedroom unit stock in the area, where the median sits at $725,000. For a buyer seeking space and parking without moving to a freestanding house, this unit competes on rarity rather than price alone. It suits a family or investor looking for long-term hold in a corridor with solid school access and fibre connectivity. The flood overlay is the primary risk, as it may raise insurance premiums and narrow the buyer pool on resale. The major road location brings noise and limits the private outdoor experience typically expected at this price point. On opportunity, the 60/40 owner-renter split in the building suggests stable occupancy, and the 2011 last sale indicates potential equity growth if the market lifts. Hold this property for its configuration advantage; the parking and floor area are hard to replicate in newer builds.