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33/3-7 Fetherstone Street,
Bankstown 2200, New South Wales
$400,000
Property details
-
Agents
Features
- Close to Schools
- Close to Shops
- Close to Transport
Close To All Amenities
Perfectly positioned just a 1-minute walk from Bankstown Station, this spacious apartment offers exceptional convenience and lifestyle in the heart of Bankstown CBD. It is also only a 5-minute walk to the new University of Western Sydney campus, making it an ideal opportunity for both owner-occupiers and investors.
Situated on the 7th floor with a sunny northerly aspect, the apartment features a generous balcony with attractive district views.
Property features include:
• Two large bedrooms, main with walk-in robe.
• Spacious open-plan living and dining area, ideal for entertaining
• Modern polyurethane kitchen with granite benchtops, stainless steel appliances, and gas cooking
• Elegant main bathroom with separate shower, bathtub, and toilet
• Full-sized internal laundry with second toilet
• Secure single car space plus a 2m² storage cage
• Plenty of visitor parking available
The apartment offers 105m² of internal living space including the balcony, with a total area of 124m² including the 19m² car space.
Currently rented at $600 per week, with an estimated rental return of approximately $600-$630 per week in the current market. The lease has expired, allowing for vacant possession with a standard 42-day settlement if desired.
Strata levies are $3,863.41 per quarter. This building is 26 years old and there are some building issues that the Owners Corporation has borrowed money to fix. The loan repayments are mostly responsible for the high strata fees. The strata fees will be reduced significantly in the next 6 months once the Fire Safety Certificate is obtained, and the Building Insurance Premium is reduced. The Loan Repayments have about 3 years to run until they are repaid. The building rectification works should be finished in the next 2 years.
This unit is a good long-term investment for those who have the cashflow to afford the $3863 per quarter strata fees. If this unit had no strata issues it would be worth $630K-$650K in the current market. You will pay $3863 x 4 quarters x 3 years = $46,356 to hold this unit to the point where the defects are rectified and the Bank loan is repaid. But at that time, it should be worth at least $630,000 meaning that you will make a Capital Gain of around $150,000.
Inspection via advertised open homes, or call Graeme on 0410306880 to make a private inspection, or have a chat about this property.
Situated on the 7th floor with a sunny northerly aspect, the apartment features a generous balcony with attractive district views.
Property features include:
• Two large bedrooms, main with walk-in robe.
• Spacious open-plan living and dining area, ideal for entertaining
• Modern polyurethane kitchen with granite benchtops, stainless steel appliances, and gas cooking
• Elegant main bathroom with separate shower, bathtub, and toilet
• Full-sized internal laundry with second toilet
• Secure single car space plus a 2m² storage cage
• Plenty of visitor parking available
The apartment offers 105m² of internal living space including the balcony, with a total area of 124m² including the 19m² car space.
Currently rented at $600 per week, with an estimated rental return of approximately $600-$630 per week in the current market. The lease has expired, allowing for vacant possession with a standard 42-day settlement if desired.
Strata levies are $3,863.41 per quarter. This building is 26 years old and there are some building issues that the Owners Corporation has borrowed money to fix. The loan repayments are mostly responsible for the high strata fees. The strata fees will be reduced significantly in the next 6 months once the Fire Safety Certificate is obtained, and the Building Insurance Premium is reduced. The Loan Repayments have about 3 years to run until they are repaid. The building rectification works should be finished in the next 2 years.
This unit is a good long-term investment for those who have the cashflow to afford the $3863 per quarter strata fees. If this unit had no strata issues it would be worth $630K-$650K in the current market. You will pay $3863 x 4 quarters x 3 years = $46,356 to hold this unit to the point where the defects are rectified and the Bank loan is repaid. But at that time, it should be worth at least $630,000 meaning that you will make a Capital Gain of around $150,000.
Inspection via advertised open homes, or call Graeme on 0410306880 to make a private inspection, or have a chat about this property.
Explore the area
School catchments
- St Euphemia College Combined K-12 Independent 0.49km
- Bankstown Public School Primary K-6 Government 0.50km
- Bankstown Girls High School Secondary 7-12 Government 0.51km
- Al Amanah College, Bankstown campus Combined Independent 0.56km
- St Brendan's Catholic Primary School Primary K-6 Catholic 0.75km
- La Salle Catholic College Secondary 7-12 Catholic 0.96km
- Yagoona Public School Primary K-6 Government 1.1km
- St Felix Catholic Primary School Primary K-6 Catholic 1.1km
- Bankstown North Public School Primary K-6 Government 1.4km
- Bankstown West Public School Primary K-6 Government 1.4km
- Mount Lewis Infants School Primary K-2 Government 1.4km
- Al Noori Muslim School - Senior Campus Secondary Independent 1.5km
- Al Noori Muslim School Primary K-12 Independent 1.6km
- Condell Park Christian School Combined K-10 Independent 1.6km
- Bankstown South Infants School Primary P-2 Government 1.7km
- Al Sadiq College Yagoona Campus Primary Independent 1.7km
- Bankstown Senior College Secondary 9-12 Government 1.8km
- Banksia Road Public School Primary K-6 Government 1.8km
- Punchbowl Boys High School Secondary 7-12 Government 1.9km
- St Charbel's College Combined K-12 Independent 2.0km
- Al Sadiq College Combined K-12 Independent 2.1km
- Birrong Boys High School Secondary 7-12 Government 2.7km
- Sir Joseph Banks High School Secondary 7-12 Government 2.9km
- Greenacre Christian College Combined K-12 Independent 3.1km
- Wiley Park Girls High School Secondary 7-12 Government 3.1km
- Condell Park High School Secondary 7-12 Government 3.1km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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Contact Graeme Rudder
Contact Graeme Rudder
Graeme Rudder
33/3-7 Fetherstone Street, Bankstown NSW 2200
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Graeme Rudder
33/3-7 Fetherstone Street, Bankstown NSW 2200