1/70 Nile Road, Milford, Auckland - North Shore

Nestled at 1/70 Nile Road, Milford, Auckland, this residential ownership home unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1968 with brick walls and tiled roofing, this north-facing end unit is a beacon of light and warmth. It sits atop a rise, ensuring a high and dry location. The property, with a floor area of 62 square meters, is under a Cross-Lease title. Notably, the capital value has seen a rapid increase of 20.59% from $680,000 in July 2017 to $820,000 as of June 2021. The HouGarden AVM estimates the property at $785,000, while the latest sale was recorded in November 1998 for $165,000.

With a CV increase that outpaces the market, this property presents a solid investment opportunity. The well-maintained brick and tile unit has been cherished by the same family since 1969. It offers a view of a low maintenance established garden and is located amidst Milford's shops, cafes, beach, and hospital. The school network is a highlight, with both Westlake Boys' and Girls' High Schools, Forrest Hill School, Milford School, and Takapuna Normal Intermediate all being decile 9 or 8 institutions.

Whether you seek a downsized home, a starter home in a prime suburb, or a lucrative investment, this property hits all the marks. The central Milford location, close to Smales business park and transport hub, makes it an unbeatable choice. Don't miss the chance to secure this gem in a thriving area with excellent schools.

Updated on April 19, 2024