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Sold on 07 Nov 2024 for $3,700,000

21 Banks Street
Padstow NSW 2211

Bedrooms: 11
Bathrooms: 4
Car spaces: 13
Floor area: 140m2
Land area: 696m2
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Property Details for 21 Banks St, Padstow

21 Banks St, Padstow is a 11 bedroom, 4 bathroom House with 13 parking spaces. The property has a land size of 696m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 11 bedroom House sold in Padstow in the last 12 months.

Building Type
House
Floor Size
140m2
Land Size
696m2
Local Government
Canterbury-Bankstown
Lot/Plan
G/DP21715

Last Listing description (November 2024)

Nestled in a prime location 400M/6min walk to Padstow station. These two separate original cottages, offered in one line, present an exceptional development or investment opportunity on corner position. 19 Banks is a 7-bedroom, 2.5-bathroom home with 8 parking spaces amp; a single lock-up garage, while 21 Banks is a 4-bedroom, 2-bathroom home with 5 parking spaces including double lock-up garage. Both homes sit on approx. 695.6 sqm blocks each, boasting 15.24m frontages each. Whether you're an investor seeking a valuable land bank or a developer wishing to capitalise on a fantastic location, this property offers significant potential for expansion or future growth. With possibilities to create a set of CDC approved duplexes, daycare centre, unit development or approx. 45 boarding homes - subject to council approval (STCA), the opportunities here are immense. Zoned R4 with 4 storey height limit with a 1:1 ratio or potential to capitalise on future growth with transport orientated development plan (TOD) from NSW Government. Currently both tenanted with a combined rental of approx $1,500 per week - $78,000 Per annum. Just minutes away from Padstow amenities, these homes are just under 50m to Padstow Park, 300m/6 min walk to Padstow station, m5 motorway and 400m to the shopping conveniences of Padstow village.Features include:- Sold in one line, combined land size of 1,391.2sqm (695.6sqm Each)- Combined frontage of approximately. 30.48m (15.24m Each)- Rare and expansive, perfectly located for a childcare (STCA) - Dual CDC approved occupancy x 2 freestanding luxury homes (STCA) - Potential to capitalise and build approx 45 Boarding homes (STCA)- Currently Tenanted combined rental of $1,500 P/W - $78,000 P/A- Zoned R4 with 4 storey height limit with a 1:1 ratio- Future growth with (TOD) from NSW Government.- 19 has 7 bed, 2.5 bath, 8 car, 21 4 beds, 2 bath, 5 car- Ample driveway space, large rear yards, pool, spacious living areas- Ideal location 400m/6 min walk to Padstow station amp; shopsDisclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries.

Property History for 21 Banks St, Padstow, NSW 2211

A timeline of how this property has performed in the market
Last Sold
$3,700,000
07 Nov 2024
Listed for Rent
$750/w
15 Jan 2024
  • 07 Nov 2024
    Sold for $3,700,000
  • 21 Aug 2024
    Listed for Sale Sold
  • 08 Jan 2024
    Listed for Rent $750 / week
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About Padstow 2211

The size of Padstow is approximately 5.5 square kilometres. It has 20 parks covering nearly 10.9% of total area. The population of Padstow in 2011 was 12,716 people. By 2016 the population was 13,287 showing a population growth of 4.5% in the area during that time. The predominant age group in Padstow is 50-59 years. Households in Padstow are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Padstow work in a professional occupation. In 2011, 70% of the homes in Padstow were owner-occupied compared with 67.2% in 2016.

Padstow has 6,243 properties. Over the last 5 years, Houses in Padstow have seen a 67.89% increase in median value, while Units have seen a 31.27% increase. As at 31 October 2024:

  • The median value for Houses in Padstow is $1,482,283 while the median value for Units is $913,586.
  • Houses have a median rent of $798 while Units have a median rent of $590.
There are currently 23 properties listed for sale, and 26 properties listed for rent in Padstow on OnTheHouse. According to CoreLogic's data, 279 properties were sold in the past 12 months in Padstow.

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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.