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8/3-7 Fetherstone Street, Bankstown NSW 2200-Image For Sale

8/3-7 Fetherstone Street, Bankstown NSW 2200

2 Bedroom Unit in the Heart of the CBD

Unit
Type
2
Bedrooms
1
Bathrooms
1
Parkings
116.0 m2
Area

Last updated on Friday, August 14, 2026 ( See property details for 8/3-7 Fetherstone Street, Bankstown NSW 2200)

$399,950

Open on Wednesday 19 August 5:00 pm | View All

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, spacious two-bedroom apartment in the heart of Bankstown CBD, offering exceptional convenience and investment potential.

🏡 Property Highlights

  • Prime location just 1-minute walk to Bankstown Station and 5-minute walk to UWS campus
  • Spacious 116m² apartment with a sunny northerly aspect and district views
  • Modern polyurethane kitchen with granite benchtops and stainless steel appliances
  • Two large bedrooms, main with walk-in robe, ideal for comfortable living
  • Open-plan living and dining area perfect for entertaining guests
  • Secure single car space with ample visitor parking

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Internal Laundry
  • Balcony
  • Outdoor Area / Balcony
  • Garage / Secure Parking

Bankstown is a vibrant suburb offering excellent transport links, diverse dining and shopping options, proximity to educational institutions like UWS, and a strong community atmosphere. Its central location makes it ideal for both professionals and students, with easy access to Sydney CBD and surrounding areas. The suburb continues to develop, providing promising investment opportunities and a convenient lifestyle. Key points include excellent public transport, amenities, educational facilities, diverse cultural scene, and ongoing urban renewal projects.

What are the key features of this apartment?
This apartment features two large bedrooms, a modern kitchen with granite benchtops, open-plan living and dining, a balcony with district views, secure parking, and an internal laundry.
Is the property suitable for investment purposes?
Yes, the property currently generates rental income and has strong potential for capital growth, especially once the building issues are rectified and strata fees decrease.
What is the condition of the building and are there any ongoing issues?
The building is 26 years old with some current issues being addressed by the Owners Corporation through rectification works funded by a loan, which is expected to be repaid in three years.
What are the potential future value and capital gains?
If the building issues are resolved, the property could be worth between $630,000 and $650,000, with an estimated capital gain of around $150,000 from current levels.
What are the current strata fees and how will they change?
Strata levies are $3,341.32 per quarter, but are expected to decrease significantly once the Fire Safety Certificate is obtained and the building insurance premium is reduced.
Are there any hidden costs associated with the building rectification works or upcoming special levies? What is the timeline for completing the building repairs and obtaining the Fire Safety Certificate? Are there any zoning restrictions or easements affecting the property? Has the property been affected by any flood or bushfire risks in the area? Are there any planned developments or construction nearby that could impact the property’s value or living environment? Is the property part of a strata scheme, and are there any upcoming meetings or issues to be aware of? Are there any known defects or structural issues with the apartment or building? What are the long-term plans for the building’s maintenance and management? Are there any restrictions on renting or leasing the property? What are the total costs involved in purchasing, including stamp duty, legal fees, and strata levies?

8/3-7 Fetherstone Street, Bankstown NSW 2200 - More Details

2 Bedroom Unit in the Heart of the CBD

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 3rd floor with a sunny northerly aspect, the apartment features a generous balcony with attractive district views.

Property features include:

• Two large bedrooms, the main with a 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
• Plenty of visitor parking available

The apartment offers 100m² of internal living space, including the balcony, with a total area of 116m², including a 19m² car space.

Currently rented at $540 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 $3,341.32 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 cash flow to afford the $3,341 per quarter strata fees. If this unit had no strata issues, it would be worth $630K-$650K in the current market. You will pay $3,341 x 4 quarters x 3 years = $40,092 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 0410 306 880 to make a private inspection, or have a chat about this property.
Type
Unit
Bedrooms
2
Bathrooms
1
Parkings
1
Area
116.0m2

Inspections times

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