SOLD
RECENT ADVICE
Sold on 16 Jul 2024 for $685,000

1/53-55 Banks Street
Monterey NSW 2217

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Property Details for 1/53-55 Banks St, Monterey

1/53-55 Banks St, Monterey is a 2 bedroom, 1 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Monterey in the last 12 months.

Building Type
Unit
Local Government
Bayside
Lot/Plan
1/SP1295

Last Listing description (July 2024)

Embrace the ultimate coastal living experience with this charming two-bedroom apartment, beautifully positioned on the first floor and at the front of the complex. This delightful home offers an exceptional blend of comfort, style, and convenience, making it perfect for first-time buyers, downsizers, or savvy investors. Features:

* Enjoy polished timber floors and fresh paint throughout, creating a modern and inviting atmosphere
* Large open-plan living and dining area filled with natural sunlight

* Neat and tidy kitchen and bathroom
* Secure intercom entry
* Prime Location: Just 100 metres to the water's edge, minutes walk to the vibrant nightlife and dining options of Bay St, Brighton-Le-Sands. Short stroll to Ramsgate Beach shopping plaza
* Convenient Commute: Only a 10-minute drive to Sydney Airport and 20 minutes to Sydney CBD
* Potential rent $600.00 - $650.00 per week
* Council $360.00 per quarter (approx)
* Strata $800.00 per quarter (approx)
* Water $171.00 per quarter (approx)

Don't miss the opportunity to secure this sunny apartment that offers a perfect blend of beachside charm and modern convenience.

Property History for 1/53-55 Banks St, Monterey, NSW 2217

A timeline of how this property has performed in the market
Last Sold
$685,000
16 Jul 2024
  • 09 Jul 2024
    Sold for $685,000
  • 03 Jul 2024
    Listed for Sale FOR SALE
  • 06 Jun 2021
    Sold
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About Monterey 2217

The size of Monterey is approximately 1.2 square kilometres. It has 7 parks covering nearly 26.5% of total area. The population of Monterey in 2011 was 4,330 people. By 2016 the population was 4,540 showing a population growth of 4.8% in the area during that time. The predominant age group in Monterey is 40-49 years. Households in Monterey are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Monterey work in a professional occupation. In 2011, 66.1% of the homes in Monterey were owner-occupied compared with 66% in 2016.

Monterey has 2,419 properties. Over the last 5 years, Houses in Monterey have seen a 79.20% increase in median value, while Units have seen a 29.10% increase. As at 31 July 2024:

  • The median value for Houses in Monterey is $2,180,777 while the median value for Units is $864,943.
  • Houses have a median rent of $985 while Units have a median rent of $620.
There are currently 6 properties listed for sale, and 9 properties listed for rent in Monterey on OnTheHouse. According to CoreLogic's data, 95 properties were sold in the past 12 months in Monterey.

Suburb Insights for Monterey 2217

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Lisa Sherry
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PRD Real Estate Woodward
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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.