OFF MARKET

8/40 Banks Street
Monterey NSW 2217

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 63m2
Land area: 944m2
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Last updated 14 Oct 2024
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Property Details for 8/40 Banks St, Monterey

8/40 Banks St, Monterey is a 2 bedroom, 1 bathroom Unit and was built in 1963. The property has a land size of 944m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Unit
Year Built
1963
Floor Size
63m2
Land Size
944m2
Local Government
Bayside
Lot/Plan
8/SP484

Last Listing description (October 2023)

Set in a low rise block just metres from the beach, this spacious apartment presents a superb choice for a first homebuyer or investor looking to capitalise on an excellent location. It's within walking distance of buses, shops, cafs and restaurants. - Original interiors provide scope to personalise or renovate- Combined living and dining space connects to sunny balcony- Tidy kitchen with electric stove and ample cupboard space- Generously scaled bedrooms have space to add built-in robes- Bathroom has shower over tub, vast potential to modernise- Beautifully maintained brick block in sought-after street- Ready to move in/lease out with chance to add further value- Superb lifestyle opportunity in walk-to-everywhere setting- Minutes from trains, shopping centres and St George Hospital- Easy access to arterial roads, Sydney Airport and the cityCarpeted, Close to Schools, Close to Shops, Close to Transport, Exhaust

Property History for 8/40 Banks St, Monterey, NSW 2217

A timeline of how this property has performed in the market
Last Sold
$542,500
23 Sep 2022
  • 23 Sep 2022
    Sold for $542,500
  • 12 Jul 2022
    Listed for Sale Sold - Contact agent

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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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