2/40 Banks RoadEltham North VIC 3095
Property Details for 2/40 Banks Rd, Eltham North
2/40 Banks Rd, Eltham North is a 5 bedroom, 4 bathroom House with 2 parking spaces. The property has a land size of 1134m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 5 bedroom House sold in Eltham North in the last 12 months.
Last Listing description (May 2026)
SOLD By Morrison Kleeman - Perched high on an expansive 1,134m² allotment (approx.), this outstanding multi-level residence delivers refined family living with sweeping views across the treetops to the distant ranges. Designed to maximise natural light and generous proportions, it offers a superb balance of luxury, comfort and flexibility.
Multiple living zones provide exceptional versatility. An expansive lounge, warmed by a woodfire heater and complete with theatre equipment, opens through a wall of bifold doors to a broad entertaining deck—creating a seamless indoor-outdoor connection framed by breathtaking outlooks. A separate family living area extends to a second deck, offering yet another inviting space to relax or entertain against a stunning ranges backdrop.
Accommodation is equally well-considered. The main bedroom enjoys direct deck access and features a fitted walk-in robe and a luxurious stone ensuite with dual basins and a spa bath. Two additional bedrooms share a beautifully appointed bathroom with an oversized shower, while a fourth bedroom—currently configured as a study—benefits from its own ensuite, making it ideal for guests, extended family or multi-generational living.
Outdoors, the terraced rear yard is a private sanctuary set amid lush greenery and distinctive crazy paving. A sparkling swimming pool forms the centrepiece, complemented by firepit seating, raised vegetable beds and a substantial, fully self-contained studio. Finished with timber floors, a full bathroom and extensive built-in storage, the studio offers outstanding flexibility as teenage accommodation, guest quarters or a dedicated work-from-home space—separate from the main residence.
Further highlights include remote-control blinds, individual climate control units to almost every room, ceiling fans, a well-equipped laundry with storage, and a remote double garage with abundant shelving integrated beneath the home.
Positioned within the sought-after St Helena College zone, this premium address is just a short walk to bus services and extensive parklands, and only minutes from St Helena Market Place and Eltham for shopping, dining, entertainment and train access.
An exceptional opportunity to secure a spacious, feature-rich family retreat in a highly desirable locale.
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Property History for 2/40 Banks Rd, Eltham North, VIC 3095
- 21 May 2026Sold for $1,600,000
- 23 Sep 2025Listed for Sale $1,790,000 - $1,850,000
- 17 Feb 2010Sold for $295,000
Recent sales nearby
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0About Eltham North 3095
The size of Eltham North is approximately 4.1 square kilometres. There are 32 parks, covering nearly 13.4% of the 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 $1800 - $2399 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 2,580 properties. Over the last 5 years, Houses in Eltham North have seen a 5.96% increase in median value, while Units have seen a 7.24% increase. As at 31 May 2026:
- The median value for Houses in Eltham North is $1,268,377 while the median value for Units is $874,771.
- Houses have a median rent of $780 while Units have a median rent of $683.
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