38 Belmont Terrace, Milford, Auckland - North Shore

Nestled in the serene Belmont Terrace of Milford, Auckland, this 1990-built residence boasts a prime location and immense potential. The 3-bedroom, 2-carpark home sits on a level 587m2 freehold site with a roughcast exterior and a robust iron roof. The interior spans a comfortable 120m2, offering a spacious living area that is ready for your personal touch. The property's CV has seen a remarkable increase of 36.36% from $1,100,000 in 2017 to $1,500,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,485,000, while the latest sale in 2000 was for $110,000, showcasing a significant appreciation over the years.

For families with school-aged children, the property falls within the zones of esteemed institutions such as Westlake Boys' and Girls' High Schools, both with a decile rating of 9, as well as Forrest Hill School and Takapuna Normal Intermediate, rated 8 and 9 respectively. This is not just 'in zone' but virtually 'in grounds', given the property's proximity to these schools.

With views stretching over Lake Pupuke to Rangitoto, this home presents a golden opportunity for those who seek a renovation project with a high return on investment. The property is sold, but its story serves as a testament to the potential that waits in this desirable location.

Updated on November 25, 2024