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1 Forrest Hill Road, Milford, North Shore City, Auckland, 0 Bedrooms, 0 Bathrooms, Commercial Land
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By negotiation

1 Forrest Hill Road, Milford, North Shore City, Auckland

540m2
5344m2

Location, location, location! This prime 5,344m² site is nestled in the heart of Auckland’s North Shore, offering unparalleled access to residential, commercial, and educational amenities. Currently generating a net return of $210,000 per annum with demolition clauses in place, the site comes with a detailed resource consent plan for 44 terraced dwelling units.

Situated between Westlake Boys and Westlake Girls High Schools, the property is within easy reach of several other highly sought-after schools. North Shore Hospital and Lake Pupuke are nearby, providing essential healthcare and recreational opportunities. Local sporting facilities are easily accessible, and the Northern Motorway can be conveniently accessed from either Northcote Road, near AUT, or Tristram Avenue.

Public transportation is a breeze with a bus stop directly outside the property and the Smales Farm Busway Station just 650 metres away.

Take advantage of this opportunity to collect rent while planning the development of one of the last prominent sites in this highly desirable area.

KEY FEATURES:

• Prime location 5,344m² development site returning $210,000 net per annum

• Resource application submitted for 44 terraced units

• High profile site in the epicentre of Milford and Takapuna

• Close to schools, North Shore Hospital, shopping and commerce

Contact the agents for full plans and documents.

See this listing on Barfoot & Thompson

Council Data

Last update : 2025 01 22
Improvement value$350,000Reduced by -36% from year 2017
Land value$5,450,000Increased by 29% from year 2017
CV(Year 2021 Month 06)$5,800,000Increased by 22% from year 2017
Land area4398m²
Floor area540m²
Decade of construction1980
TitleNA19C/1451
Type of titleFreehold
Legal descriptionLOT 1 DP 63060
CouncilAuckland - North Shore
Estate descriptionFSIM,5/134,LOT 1 DEPOSITED PLAN 63060,4398m2
ConstructionExternal Walls: Mixed Materials
Roof: Iron
ConditionExternal Walls: Good
Roof: Good
ZoningBusiness - Mixed Use Zone

Property history

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Forrest Hill Road Neighborhood and Surrounding Data

Suburbs

Data analysis - Milford properties data
Milford property trend
Year
Median price
Growth
Sales count
2024
$1,925,000
-11.1%
19
2023
$2,165,000
-9.4%
20
2022
$2,390,000
14.9%
22
2021
$2,080,000
4%
33
2020
$2,000,000
11.4%
37
2019
$1,795,000
-29.1%
13
2018
$2,530,000
20.5%
18
2017
$2,100,000
12.4%
27
2016
$1,867,500
11.3%
20
2015
$1,678,250
22.4%
36
2014
$1,371,000
-
27

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
9 Forrest Hill Road, Milford
0.15 km
5
2
-m2
Year 2024 Month 11 Day 21
-
Council approved
2/183 Shakespeare Road, Milford
0.42 km
3
2
-m2
Year 2024 Month 10 Day 31
-
Council approved
3D Margaret Place, Milford
0.33 km
4
2
163m2
Year 2024 Month 10 Day 20
-
Council approved
23A Forrest Hill Road, Milford
0.20 km
3
1
0m2
Year 2024 Month 09 Day 26
-
Council approved
1/22 Margaret Place, Milford
0.39 km
2
1
90m2
Year 2024 Month 08 Day 16
$1,100,000
Council approved

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Last update:2024-12-16 03:33:00