109-Year-Old Bank with Vault Door on the Market for $410k

This is certainly an investment you can bank on.

Dating back to 1912, a rare Galong home that was previously a Bank of NSW has hit the market with a price guide of $410,000.

The historic double-brick home at 27 McMahons Road sits on 2946sqm and has retained many of the hallmarks from its former life – including an old vault, four wooden fireplaces and the original public entrance.

Local resident and owner of Luke's Garage, Mr Luke, said that from the 1950s, the bank was turned into a humble home and owned by a family from Wagga Wagga who ran the local mine. The property has since been sold and used as a rental.

The house is fresh on the market and listed with Naish Stormon of LJ Hooker Gungahlin.

Mr Stormon revealed that the former bank is just an hour away from the ACT and is an ode to the flourishing town that Galong once was.

“Galong would have been a thriving service town for the farming community around it,” he said.

“It was obviously big enough to have its own bank.”

According to Mr Stormon, the old vault continuous to house some valuables, including jewellery.

Details from the listing revealed that the four-bedroom property “certainly needs some work and has significant potential to be a superb, comfortable and safe home…”.

Yet despite its current state, the bank’s old charm gives it striking character. A key selling point is the property’s commanding position next to The Royal Hotel, another historical building in Galong.

The Royal Hotel has not been operative for the last five years and much like the bank, is a testament to Galong’s fascinating history.

Other features of the property include a bathroom, a terracotta tiled roof and large garden.

You can view 27 McMahons Rd in Galong and see all the other hot listings on Zango.

To book an inspection, call Naish Stormon on 0488 164 426.