OFF MARKET

7/42 Banks Street
Monterey NSW 2217

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 80m2
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Property Details for 7/42 Banks St, Monterey

7/42 Banks St, Monterey is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1963. The property has a floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Year Built
1963
Floor Size
80m2
Local Government
Bayside
Lot/Plan
7/SP411

Last Listing description (December 2021)

"What captured my attention is the apartment's peaceful location close to the ocean, waterfront restaurants and shops. It's quite spacious and offers a good opportunity for steady rental income. I'll really miss walking to the beach every day, enjoying the fresh air and the sounds of the birds." - Owner

- Comfortable and convenient apartment with plenty of potential for families
- Open plan living/dining space with high ceilings, picture windows and easy outdoor flow

- Covered balcony with leafy view excellent for relaxing and entertaining family and friends
- Induction kitchen presents Bosch dishwasher, stainless appliances, renovated cabinetry
- Three bedrooms with built-in wardrobes, versatile third bedroom is ideal as home office
- Neatly presented bathroom with shower beside bathtub, brand new sink and separate w/c
- Tandem lock-up garage/workshop/gym and air conditioning in all rooms
- Near parks, Brighton-Le-Sands Beach, Kogarah Station, nearby future M6 motorway connect and M5 motorway, Sydney Airport and city attractions

Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy; we do not accept any responsibility for its accuracy and do no more than pass it on. Any interested persons should rely on their own enquiries.

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Property History for 7/42 Banks St, Monterey, NSW 2217

A timeline of how this property has performed in the market
Last Sold
$770,000
10 Dec 2021
Listed for Rent
$460/w
11 Oct 2021
  • 10 Dec 2021
    Sold for $770,000
  • 25 Oct 2021
    Listed for Sale Under Contract
  • 24 Sep 2021
    Listed for Rent $460 / week
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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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