2/40 Banks Road, Eltham North, Vic 3095

ESR: $1,600,000 - $1,750,000

House
Type
5
Bedrooms
3
Bathrooms
2
Parkings
1,134 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 2/40 Banks Road, Eltham North, Vic 3095)

ESR: $1,600,000 - $1,750,000

Dennis Langham Licensed Estate Agent / Auctioneer
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A luxurious multi-level family residence on a spacious 1,134m² allotment offering breathtaking views, multiple living areas, a swimming pool, and a versatile studio in a sought-after Eltham North location.

🏡 Property Highlights

  • Stunning sweeping views across treetops to distant ranges
  • Expansive multi-level design with multiple living zones
  • Luxury main bedroom with deck access, walk-in robe, and spa ensuite
  • Private terraced rear yard with swimming pool and firepit seating
  • Fully self-contained studio ideal for guests or work-from-home
  • Prime location within the St Helena College zone, close to amenities

✨ Key Features

  • Swimming Pool
  • Garage
  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Home Office / Study
  • Ceiling Fans
  • Security Screens / Gates
  • Fly Screens
  • Waterfront / Views

Eltham North is a highly desirable suburb renowned for its lush green surroundings, family-friendly parks, and excellent schools. It offers a peaceful yet convenient lifestyle with easy access to shopping, dining, and transport options. The area boasts a strong community vibe, scenic walking trails, and a range of recreational facilities, making it ideal for families seeking a balanced lifestyle. Its proximity to natural reserves and the Yarra River provides ample outdoor activities and scenic beauty.

What are the main living areas and how do they connect to outdoor spaces?
The property features multiple living zones, including an expansive lounge and a separate family living area, both opening to large decks that provide seamless indoor-outdoor entertaining spaces with stunning views.
Does the home include a dedicated space for work or study?
Yes, there is a dedicated home office/study, currently configured as a bedroom with its own ensuite, offering flexibility for remote work or guest accommodation.
What are the key features of the outdoor entertaining area?
The outdoor area includes a sparkling swimming pool, firepit seating, terraced gardens, and raised vegetable beds, creating a private and versatile outdoor sanctuary.
Is the property suitable for multi-generational living?
Yes, the property includes a self-contained studio with a full bathroom and extensive storage, ideal for extended family, guests, or a home-based business.
What amenities are nearby?
The property is within walking distance to parklands, bus services, and is only minutes from St Helena Market Place and Eltham for shopping, dining, and train access.
Are there any upcoming planning or development proposals in the area that could affect the property’s value or privacy? What are the ongoing maintenance costs for the swimming pool and outdoor areas? Are there any restrictions or easements on the property that could impact future renovations or extensions? Has the property been inspected for any structural issues or pest infestations? Are there any known issues with drainage or flooding in the area? Is the property compliant with all local building codes and regulations? What are the strata or council rates applicable to this property? Are there any planned infrastructure projects nearby that could cause noise or disruption? What is the history of the property regarding repairs or renovations? Are there any restrictions on the use of the self-contained studio space?

2/40 Banks Road, Eltham North, Vic 3095 - More Details

ESR: $1,600,000 - $1,750,000

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.
At the heart of the home, the stone-finished kitchen impresses with its sleek glass splashback, quality Smeg appliances and breakfast bench—perfect for casual meals or gathering with friends while meals are prepared.
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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Type
House
Bedrooms
5
Bathrooms
3
Parkings
2
Area
1,134 m²

Price guide

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