SOLD
RECENT ADVICE
Sold on 10 Oct 2024 for $600,000

11/45-47 Banks Street
Monterey NSW 2217

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
Land area: 1366m2
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Sold By
Liam Tsaprazis
Mcgrath Sans Souci
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Property Details for 11/45-47 Banks St, Monterey

11/45-47 Banks St, Monterey is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1965. The property has a land size of 1366m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom Unit sold in Monterey in the last 12 months.

Building Type
Unit
Year Built
1965
Floor Size
54m2
Land Size
1366m2
Local Government
Bayside
Lot/Plan
11/SP1461

Last Listing description (October 2024)

Positioned at the rear of a boutique block of 14, this private apartment is perfect for those seeking a retreat within the bayside enclave of Monterey. It's a short stroll from the beach and popular walking paths, while also handy for cafs and restaurants.

- Strong double brick construction with only one common wall
- Generous layout presents combined lounge and dining zone

- Well maintained interior with durable floors and high ceilings
- Easy access to covered balcony with calming leafy outlooks
- Stone kitchen equipped with electric appliances, stove/oven
- Generously sized bedroom blessed with comfort and privacy
- Fully tiled bathroom with shower, bathtub and laundry to rear
- Low maintenance property will greatly appeal to many buyers
- An astute investment with strong growth and rental prospects
- Designated lock-up garage and plenty of street parking spots

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Property History for 11/45-47 Banks St, Monterey, NSW 2217

A timeline of how this property has performed in the market
Last Sold
$600,000
10 Oct 2024
Listed for Rent
$370/w
21 Aug 2020
  • 10 Oct 2024
    Sold for $600,000
  • 02 Sep 2024
    Listed for Sale Sold $600,000
  • 18 Aug 2020
    Listed for Rent - Price not available
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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 2,408 properties. Over the last 5 years, Houses in Monterey have seen a 73.38% increase in median value, while Units have seen a 26.46% increase. As at 30 September 2024:

  • The median value for Houses in Monterey is $2,260,440 while the median value for Units is $862,747.
  • Houses have a median rent of $925 while Units have a median rent of $600.
There are currently 7 properties listed for sale, and 3 properties listed for rent in Monterey on OnTheHouse. According to CoreLogic's data, 100 properties were sold in the past 12 months in Monterey.

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