48 Banks Rd, Eltham North is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 2011m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
Boasting an exceptional location mere metres from Diamond Creek Trail, leafy Eltham North Reserve bushland and buses, this expansive two storey brick residence offers a superb zoned layout ideal for harmonious family living, with exciting scope for further updates if desired. Positioned moments from Edendale Community Farm, Eltham Station, Eltham Village Shopping Centre and an array of quality local, Catholic and independent schools, this coveted location also presents a strong prospect for those looking to redevelop and take advantage of the generous 2022sqm block (STCA).
A spacious open plan living and dining area features a lofty exposed beam pitched ceiling, gleaming hardwood timber flooring and a wood burning heater, and flows seamlessly out to an elevated balcony with stunning uninterrupted treetop views. Adjacent, a skylilt kitchen comprises ample country style timber cabinetry, a dishwasher, a stainless steel freestanding dual fuel range, and a breakfast bar for casual meals. At the rear of the home, overlooking a sprawling family-friendly lawn and low maintenance established gardens, a patio and pergola provide an inviting space for relaxed outdoor living.
On the lower level, a generously proportioned rumpus room also features a second wood burning heater, and is set alongside an ensuite master bedroom, with direct external access to the lower level providing an excellent layout for effortlessly private multi-generational living. On the main level, a second master bedroom also offers a full ensuite with separate bathtub, and is complemented by three additional bedrooms and a central family bathroom.
Featuring split system heating and air conditioning, a full laundry with direct outdoor access, a garden shed and a double lock-up garage with storeroom, the home presents an range of thrilling future opportunities for astute buyers.
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 2,585 properties. Over the last 5 years, Houses in Eltham North have seen a 18.58% increase in median value, while Units have seen a 14.07% increase. As at 28 February 2026:
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