OFF MARKET

5/48 Banks Street
Monterey NSW 2217

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 139m2
Land area: 2239m2
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Last updated 11 Nov 2024
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Property Details for 5/48 Banks St, Monterey

5/48 Banks St, Monterey is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1966. The property has a land size of 2239m2 and floor size of 139m2. While the property is not currently for sale or for rent, it was last sold in April 2016.

Building Type
Unit
Year Built
1966
Floor Size
139m2
Land Size
2239m2
Local Government
Bayside
Lot/Plan
5/SP2003

Last Listing description (July 2016)

Relax and appreciate the true quality and workmanship with peace of mind a builder renovated for himself. Offering comfort, privacy, an abundance of space, accompanied by intricate design features, a must see.
* Spacious open lounge plus concealed office niche
* Designated dining with urban outlook and water glimpses.

* Kitchen emphasizes high quality finishes & inspiration
* 'L- shaped' balcony with views to Botany Bay
* Sizeable master bedroom with en-suite and built-ins
* Generous 2 & 3 boast built-ins plus study/work bench
* Bathroom features limestone tiles, separate bath/ shower
* Concealed internal laundry with storage
* Approximately 140 m2 including lock up garage
* No common walls, ducted air conditioning
* Set 300 metres to Lady Robinson Beach, walks/cycle tracks
A truly rare apartment to inspect, appreciated and secure, with a long list of features and quality finishes in arguably the best street.

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Property History for 5/48 Banks St, Monterey, NSW 2217

A timeline of how this property has performed in the market
Last Sold
$915,000
15 Apr 2016
  • 20 Mar 2021
    Sold
  • 15 Apr 2016
    Sold for $915,000
  • 01 Mar 2016
    Listed for Sale Not Disclosed
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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.
There are currently 6 properties listed for sale, and 4 properties listed for rent in Monterey on OnTheHouse. According to CoreLogic's data, 96 properties were sold in the past 12 months in Monterey.

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