7/44 Banks St, Monterey is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1962. The property has a land size of 1582m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in April 1993.
North facing in a prime location minutes away from the beachfront this freshly painted 2-bedroom unit both with new built ins in a secure building offers open plan lounge and dining with high ceilings that flows onto a good-sized balcony, a generous kitchen with plenty of storage, two double bedrooms main with new built in and new carpet throughout. Spacious bathroom with separate bath to shower. In a small block of 8 units, this property boasts a lock up garage and car spot for ample parking and storage. Shared laundry with own connection. Steps from the beach, cafes, restaurants, transport and parks.
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:
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