Nestled in the serene cul-de-sac of 1/118 Nile Road, Milford, this charming residential dwelling, built in 1950, boasts a cross-lease title. The property features 3 ample bedrooms, 1 newly renovated bathroom, and 2 car parks. With an iron roof and wooden exterior walls in average condition, it sits on a level plot with a floor area of 72 square meters. Notably, the capital value has seen a rapid increase of 21.98% from $910,000 in 2017 to $1,110,000 as of June 2021. The HouGarden AVM estimates the property at $1,082,500, while the latest sales were recorded at $466,000 in 2012 and $408,000 in 2009.
For investors and families alike, the property's location within the catchment area of esteemed schools is a significant draw. Westlake Boys' and Girls' High Schools, both with a decile rating of 9, Takapuna Normal Intermediate, and Forrest Hill School with a decile rating of 8 and 9 respectively, are all within easy reach. The combination of a prime location, capital value growth, and access to top-notch education makes this property an attractive opportunity.
With a warm and sunny aspect, the home enjoys a spacious open-plan living area, a brand new modern kitchen, and seamless indoor-outdoor flow to a sunny deck and garden. Its convenience to public transport, motorway access, and the proximity to Milford, Mairangi Bay, and Takapuna shopping centers further enhance its appeal. This is a must-see for any buyer looking for a combination of comfort, convenience, and potential in a sought-after Auckland neighborhood.
Updated on August 21, 2024