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1/29 Velma Road, Hillcrest, Auckland - North Shore, 2 Bedrooms, 1 Bathrooms, Unit

Sold: $720,000

Sold on 2024 Year 2024 Month 08 Day 01

1/29 Velma Road, Hillcrest, Auckland - North Shore

2
1
60m2

Nestled in the serene Hillcrest, Auckland, this charming residence at 1/29 Velma Road offers a lifestyle of convenience and comfort. The 1982-built home boasts 2 bedrooms, 1 bathroom, and a single carpark, with a floor area of 60 square meters. It sits on a cross-lease title with a fibrous cement exterior and a tiled roof, both in good condition. The property enjoys an easy/moderate contour and a private, fully fenced yard, perfect for family gatherings or a quiet evening relaxation.

Since 2017, the property's Capital Value has seen a significant increase of 23.44%, reaching $790,000 as of June 2021. The HouGarden AVM estimates it at $770,000, while the latest sales history shows a promising trend with a sale in 2015 at $650,000 and another in 2013 at $416,500. This property is not just a home but a sound investment.

For families with children, the double Westlake school zone is a major draw, along with the contributing Marlborough School and Sunnybrae Normal School, both with a decile rating of 7. Other educational institutions in the area include Northcote Intermediate and College, and the highly rated Westlake Boys' and Girls' High Schools. This home is not just a haven but a stepping stone to quality education.

Updated on August 20, 2024

Council Data

Last update : 2024 12 11
Improvement value$260,000Increased by 44% from year 2017
Land value$530,000Increased by 15% from year 2017
CV(Year 2021 Month 06)$790,000Increased by 23% from year 2017
View typeNo appreciable view
ContourEasy/Moderate Fall
Floor area60m²
Decade of construction1982
TitleNA51C/1217
Type of titleCross-Lease
Legal descriptionFLAT 1 DP 95730 ON LOT 31 DP 57204-HAVING 1/3 INT IN 1217 SQ METRES
CouncilAuckland - North Shore
Estate descriptionFSIM,1/3,FLAT 1 DEPOSITED PLAN 95730 AND CARPORT DEPOSITED PLAN 95730
Council rates$2,248.90
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningResidential - Mixed Housing Suburban Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Marlborough School
0.65 km
Primary
1-6
Government
Co-Educational
EQI: 388
7
Sunnybrae Normal School
0.70 km
Primary
1-6
Government
Co-Educational
EQI: 379
7
Glenfield Intermediate
0.90 km
Secondary
7-8
Government
Co-Educational
EQI: 441
6
Westlake Girls' High School
1.36 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 404
9
Westlake Boys High School
1.44 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 399
9
Takapuna Normal Intermediate
1.52 km
Secondary
7-8
Government
Co-Educational
EQI: 381
9
Northcote Intermediate
1.57 km
Secondary
7-8
Government
Co-Educational
EQI: 405
6
Northcote College
2.53 km
Secondary
9-15
Government
Co-Educational
EQI: 433
7

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:-
Title:Cross-Lease

Surrounding facilities

Velma Road Neighborhood and Surrounding Data

Suburbs

Data analysis - Hillcrest properties data
Hillcrest property trend
Year
Median price
Growth
Sales count
2024
$810,000
-1.2%
23
2023
$820,000
-3.5%
18
2022
$850,000
-10.3%
19
2021
$947,500
22.3%
38
2020
$775,000
8.2%
29
2019
$716,000
-0.2%
30
2018
$717,500
-4.2%
46
2017
$749,250
4.6%
26
2016
$716,500
4.6%
26
2015
$685,000
35.1%
31
2014
$507,000
-
28

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
1/159 Coronation Road, Hillcrest
0.32 km
2
1
100m2
Year 2024 Month 10 Day 30
$727,000
Council approved
43B Velma Road, Hillcrest
0.11 km
3
2
-m2
Year 2024 Month 09 Day 22
$1,335,000
Council approved
1/1 Anne Road, Hillcrest
0.21 km
2
1
-m2
Year 2024 Month 09 Day 06
-
Council approved
2/8 Raeben Avenue, Hillcrest
0.16 km
3
1
0m2
Year 2024 Month 09 Day 01
-
Council approved
148 Coronation Road, Hillcrest
0.28 km
5
1
180m2
Year 2024 Month 07 Day 31
-
Council approved

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