Sold: $765,000

Sold on 2024 Year 2024 Month 04 Day 01

5/70 Nile Road, Milford, Auckland - North Shore

62m²

Nestled in a serene cul-de-sac at 5/70 Nile Road, Milford, Auckland, this residential ownership home unit boasts a charming vintage appeal with its 1969 brick construction and tiled roof. The 2-bedroom, 1-bathroom unit with a single carpark and a floor area of 62 square meters is set on a cross-lease title. The property presents a capital value growth of 20.59% from $680,000 in 2017 to $820,000 as of June 2021. The HouGarden AVM estimates the property's value at $785,000. This home, with good wall and roof conditions, overlooks a wide lawn and offers an open urban outlook from its elevated position, ensuring no flood concerns.

As for its valuation history, the property has seen a significant increase, reflecting a promising investment opportunity. The recent sale history and AVM reflect a strong market interest in the area. The capital value growth percentage is a testament to the property's potential as a sound investment.

Educationally, the property falls within the decile 9 Westlake Boys' and Girls' High School zones, as well as the decile 8 Forrest Hill School and the decile 9 Milford School. Takapuna Normal Intermediate, also decile 9, is in close proximity. These schools are a major draw for families seeking quality education for their children.

Updated on April 19, 2024

Council Data

Last update : 2025 03 19

Improvement value$260,000Increased by 4% from year 2017

Land value$560,000Increased by 30% from year 2017

CV(Year 2021 Month 06)$820,000Increased by 20% from year 2017

View typeNo appreciable view

ContourEasy/Moderate Fall

Floor area62m²

Decade of construction1969

TitleNA16A/990

Type of titleCross-Lease

Legal description1/5SH LOT 194 DP 8886 FLAT 5 DP 60050

CouncilAuckland - North Shore

Estate descriptionLEHD,1/1,LOT 194 DEPOSITED PLAN 8886,1290m2

Council rates$2,305.38
2023/2024

ConditionExternal Walls: Good
Roof: Good

ZoningResidential - Mixed Housing Suburban Zone

Similar Properties

School zones

Name	Distance	Type	Year	Attribute	Gender	Score	Decile
Milford School (Auckland)	0.50 km	Primary	1-6	Government	Co-Educational	EQI: 357	9	Detail
Westlake Boys High School	0.57 km	Secondary	9-15	Government	Single Sex-Boys	EQI: 399	9	Detail
Forrest Hill School	0.59 km	Primary	1-6	Government	Co-Educational	EQI: 375	8	Detail
Westlake Girls' High School	0.80 km	Secondary	9-15	Government	Single Sex-Girls	EQI: 404	9	Detail
Takapuna Normal Intermediate	1.28 km	Secondary	7-8	Government	Co-Educational	EQI: 381	9	Detail

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone

Land:-

Title:Cross-Lease

Surrounding facilities

Nile Road Neighborhood and Surrounding Data
Nile Road neighborhood is a sub-region located within Milford city

Suburbs

Data analysis - Milford properties data

Sales count(Last 12 months)

28View

Type: Cross lease

Sales median price(Last 12 months)

$932,500

Low: $765,000, High: $2,000,000

Rent median price(Last 12 months)

$622

Low: $535, High: $900

Milford property trend

Year	Median price	Growth	Sales count
2024	$932,500	1.9%	30
2023	$915,000	-7.9%	19
2022	$994,000	-15.3%	24
2021	$1,173,586	14.5%	34
2020	$1,025,000	21%	39
2019	$847,000	6.2%	49
2018	$797,500	-3.3%	44
2017	$825,000	-2.5%	32
2016	$846,500	6.7%	34
2015	$793,500	21.1%	42
2014	$655,000	-	44

Address	Distance	Bed	Bath	Floor area	Sold date	Sold	Data source
2/92 Nile Road, Milford	0.22 km	3		120m²	Year 2024 Month 12 Day 19	$1,211,148	Council approved
2/22 Belmont Terrace, Milford	0.33 km	2	1	120m²	Year 2024 Month 11 Day 27	$980,000	Council approved
5B Trafalgar Road, Milford	0.12 km	4	3	219m²	Year 2024 Month 11 Day 20	$1,652,000	Council approved
1/26 Quebec Road, Milford	0.29 km	3	1	100m²	Year 2024 Month 11 Day 11	$1,090,000	Council approved
3/17 Quebec Road, Milford	0.24 km	2	1	100m²	Year 2024 Month 10 Day 09	$915,000	Council approved