6/40 Banks StreetMonterey NSW 2217
Property Details for 6/40 Banks St, Monterey
6/40 Banks St, Monterey is a 2 bedroom, 1 bathroom Unit and was built in 1961. The property has a land size of 944m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Monterey in the last 12 months.
Last Listing description (June 2024)
Only a short stroll to the sandy shores of Monterey Beach, cafes & restaurants, this spacious ground floor 2 bedroom apartment is perfect for a first home buyer, downsizer or an astute investor. Featuring polished timber floors throughout, modern kitchen & bathroom, air conditioning and built ins in both bedrooms.
Located in a quiet street and situated in a boutique apartment block of 10.
Property History for 6/40 Banks St, Monterey, NSW 2217
- 14 Jun 2024Sold for $620,000
- 29 May 2024Listed for Rent $550 / week
- 29 Jan 2024Listed for Sale Not Disclosed
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0About 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 2,410 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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