1A Banks StreetMonterey NSW 2217
Property Details for 1a Banks St, Monterey
1a Banks St, Monterey is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 626m2 and floor size of 189m2. While the property is not currently for sale or for rent, it was last sold in October 2016.
Last Listing description (December 2016)
Monterey is one of the most popular beachside suburbs along the shores of Botany Bay. This exciting property has so much potential. Presentation is excellent so at the end of the lease you can move in and upgrade or renovate over time, or as a site for a new family home. Outstanding position with the beach, caf 's, local schools and transport all nearby and in one of the most popular streets in this fantastic suburb. With the lease this can be an ongoing investment with outstanding tenants looking after the property, take advantage of the steady rental income to help with the mortgage until end of lease.
* Land Area 632m2 Approx
* Construction is Cavity Brick
* Lounge, Separate Dining
* Family Room
* Parking for up to 4 cars
Please note this property is currently tenanted, the lease ends July 2017.
Property History for 1a Banks St, Monterey, NSW 2217
- 20 Oct 2016Sold for $1,400,000
- 19 Sep 2016Listed for Sale Not Disclosed
- 06 Nov 2015Sold
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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 2,409 properties. Over the last 5 years, Houses in Monterey have seen a 51.81% increase in median value, while Units have seen a 26.59% increase. As at 31 October 2024:
- The median value for Houses in Monterey is $1,993,043 while the median value for Units is $872,453.
- Houses have a median rent of $938 while Units have a median rent of $620.
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