OFF MARKET

5/7 Nernst Place
Banks ACT 2906

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 92m2
Land area: 3550m2
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Property Details for 5/7 Nernst Pl, Banks

5/7 Nernst Pl, Banks is a 3 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1992. The property has a land size of 3550m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
Townhouse
Year Built
1992
Floor Size
92m2
Land Size
3550m2
Local Government
Tuggeranong
Lot/Plan
BANKS: Block 83, Section 15, Unit 5

Last Listing description (February 2023)

Situated in the heart of Banks within the quiet "Chapel Grove" complex, close to arterial roads, public transport, multiple schools and a short drive to Lanyon Marketplace is this neat and tidy, three-bedroom townhouse.

Upon entry you are a greeted by a private courtyard, that conveniently provides direct access to the secure garage. This space will prove invaluable, somewhere to enjoy a coffee and entertain family and friends.

The entry opens directly into the family and dining area. Floating floors flow these spaces while the living features a ceiling fan, split system and gas wall furnace for year-round climate control. The kitchen offers plenty of bench and cupboard space, a dishwasher and free-standing oven and cooktop.

All three bedrooms are spacious and include built-in robes and ceiling fans. A separate laundry and linen cupboard are provided while the bathroom is also conveniently situated. There is a second, spacious courtyard, a blank canvas so you add your own touches with pots and make the most of the garden beds.

Three bedrooms, all with built in robes
Single garage plus allocated carpark
Open plan living and dining, ceiling fan in living
Reverse cycle split system and gas wall furnace
Separate laundry access to yard
Front and back courtyard spaces

EER Unknown

Pets Considered
In accordance with the Residential Tenancies Act Clause 71AE Process for tenant seeking consent - the tenant must apply, in writing, to the lessor, for the lessors' consent to keep pet/s at this property.

The lessor may impose conditions on consent, including but not limited to, the number and type of animals being kept, and any cost involved for rectification required as a result of the animal.

Property History for 5/7 Nernst Pl, Banks, ACT 2906

A timeline of how this property has performed in the market
Last Sold
$545,000
17 Nov 2022
  • 25 Jan 2023
    Listed for Rent $570 / week
  • 17 Nov 2022
    Sold for $545,000
  • 05 Oct 2022
    Listed for Sale $550,000
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About Banks 2906

The size of Banks is approximately 2.3 square kilometres. It has 8 parks covering nearly 13.3% of total area. The population of Banks in 2011 was 5,060 people. By 2016 the population was 4,966 showing a population decline of 1.9% in the area during that time. The predominant age group in Banks is 0-9 years. Households in Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banks work in a clerical occupation. In 2011, 79.3% of the homes in Banks were owner-occupied compared with 78.1% in 2016.

Banks has 1,920 properties. Over the last 5 years, Houses in Banks have seen a 47.71% increase in median value, while Units have seen a 56.92% increase. As at 30 September 2024:

  • The median value for Houses in Banks is $828,833 while the median value for Units is $632,067.
  • Houses have a median rent of $610 while Units have a median rent of $560.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Banks on OnTheHouse. According to CoreLogic's data, 55 properties were sold in the past 12 months in Banks.

Suburb Insights for Banks 2906

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.