2/40 Banks Road, Eltham North, VIC 3095 | Property Value & History | OnTheHouse
OFF MARKET

2/40 Banks Road
Eltham North VIC 3095

Bedrooms: 5
Bathrooms: 4
Car spaces: 3
Floor area: 295m2
Land area: 1134m2
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Property Details for 2/40 Banks Rd, Eltham North

2/40 Banks Rd, Eltham North is a 5 bedroom, 4 bathroom Unit with 3 parking spaces and was built in 2005. The property has a land size of 1134m2 and floor size of 295m2. While the property is not currently for sale or for rent, it was last sold in February 2010.

Building Type
Unit
Year Built
2005
Floor Size
295m2
Land Size
1134m2
Local Government
Nillumbik
Lot/Plan
2/PS610397

Last Listing description (November 2025)

Perched majestically atop a 1134 m2 allotment (approx.), this exceptional, multi-level home combines luxury living with panoramic views that stretch across the tree-tops to the distant ranges to deliver a stunning family sanctuary.Laid out with an emphasis on light-filled living and substantial spaces, among the choices of living areas is an expansive lounge. Anchored by a woodfire heater and fitted with theatre equipment, a wall of bifolds ensures a seamless extension to the broad deck. It is complemented by a family living area, enjoying access to a second deck where you can entertain, backdropped by the ranges. Serving the living spaces is a stone detailed kitchen. Finished with a sleek glass splashback and appointed with Smeg appliances and a breakfast bench that encourages you to sit and chat with the chef.Accommodation options include a main bedroom enjoying deck access and complete with a fitted walk-in robe, and a dual basin stone ensuite with a spa bath. Sharing a luxury bathroom with an oversized shower are two further bedrooms, while a fourth bedroom (currently used as a study) enjoys the convenience of its own ensuite, making it ideal for multi-generational living. Surrounded by lush greenery and set among distinctive crazy paving, a sparkling pool is the focal point of a terraced rear yard featuring seating around a fire pit, raised veggie beds, and a large studio. Complete with timber floors, a full bathroom and plenty of built-in storage, it's a versatile space that would work as teenage accommodation or a second workspace for those wanting to work from home but not in the home!Remote control blinds, individual climate control units in almost every room, ceiling fans, laundry with storage, and a remote double garage integrated under the house, fitted with abundant shelving, lead an impressive list of quality and desired extras. Along with zoning to St Helena College, the coveted location has it a short walk from the bus and extensive parklands and just minutes from St Helena Market Place and Elthams, shopping, dining and entertainment options, along with the station!

Property History for 2/40 Banks Rd, Eltham North, VIC 3095

A timeline of how this property has performed in the market
Last Sold
$295,000
17 Feb 2010
  • 23 Sep 2025
    Listed for Sale $1,850,000 - $1,980,000
  • 17 Feb 2010
    Sold for $295,000
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About Eltham North 3095

The size of Eltham North is approximately 4.1 square kilometres. It has 32 parks covering nearly 13.4% of total area. The population of Eltham North in 2016 was 6805 people. By 2021 the population was 6830 showing a population growth of 0.4% in the area during that time. The predominant age group in Eltham North is 50-59 years. Households in Eltham North are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Eltham North work in a professional occupation.In 2021, 92.90% of the homes in Eltham North were owner-occupied compared with 91.30% in 2016.

Eltham North has 2,583 properties. Over the last 5 years, Houses in Eltham North have seen a 28.78% increase in median value, while Units have seen a 20.46% increase. As at 30 November 2025:

  • The median value for Houses in Eltham North is $1,347,909 while the median value for Units is $889,988.
  • Houses have a median rent of $790 while Units have a median rent of $655.
There are currently 14 properties listed for sale, and 1 property listed for rent in Eltham north on OnTheHouse. According to Cotality's data, 91 properties were sold in the past 12 months in Eltham north.

Suburb Insights for Eltham North 3095

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.