OFF MARKET

7/39 Banks Street
Monterey NSW 2217

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 66m2
Land area: 1347m2
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Property Details for 7/39 Banks St, Monterey

7/39 Banks St, Monterey is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1963. The property has a land size of 1347m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in March 2017.

Building Type
Unit
Year Built
1963
Floor Size
66m2
Land Size
1347m2
Local Government
Bayside
Lot/Plan
7/SP581

Last Listing description (April 2017)

An affordable entry into a sought-after beachside location. This apartment makes a great first home or investment, enjoying easy access to shops, public transport and the city.
- Sun drenched interiors with a pleasant outlook
- Garage on separate title offers additional potential

- Sizeable kitchen w/ dishwasher & potential for meals area
- Generous sized bedrooms with built-in wardrobes
- Polished floorboards, air con and internal laundry facility
- Well maintained boutique block consisting of only 15 residences
- Readymade investment opportunity with good rental returns
- Located on a quiet, wide tree lined street minutes to the beach
- Near popular cafes, eateries, schools, parks and the airport

Property History for 7/39 Banks St, Monterey, NSW 2217

A timeline of how this property has performed in the market
Last Sold
$615,000
10 Mar 2017
  • 10 Mar 2017
    Sold for $615,000
  • 15 Feb 2017
    Listed for Sale Contact agent
  • 27 Mar 2014
    Sold for $480,000
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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.

Suburb Insights for Monterey 2217

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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.