1/16 Otakau Road, Milford, Auckland - North Shore

Nestled in the serene Milford, Auckland, this 2-bedroom, 1-bathroom unit with a single carpark is a prime lakeside property. Constructed in 1969 with brick walls and tiled roofing, it sits on a level contour with an average wall and roof condition. The home, with a floor area of 90 square meters, is held under a Cross-Lease title. Don't be deceived by the CV! This property, located in a quiet cul-de-sac at 1/16 Otakau Road, offers immense potential for renovation and refurbishment, being just a short, flat walk from shops, public transport, and supermarkets, not to mention the top schools in the area.

With a government valuation of $1,260,000 as of June 2021, the property has seen a CV increase of 22.93% since July 2017. The HouGarden AVM estimates the property's value at $1,250,000, while the latest sale history includes transactions in 2003 for $375,000 and in 1995 for $235,000. This deceased estate presents a rare opportunity to capitalize on a property in a high-value growth area.

For families with school-aged children, the property falls within the decile 9 and 10 school zones of Milford School, Westlake Boys' and Girls' High Schools, Takapuna Normal Intermediate, and Takapuna Grammar School, ensuring access to some of the best education facilities in the region.

Updated on November 19, 2024