5/8 Miro Street, New Lynn, Auckland - Waitakere

Located at 5/8 Miro Street, New Lynn, Auckland - Waitakere, this residential property features 2 bedrooms, 1 bathroom, and 1 carpark, covering a floor area of 70 square meters. Constructed in 1977 with mixed materials for the walls and tiles for the roof, both in average condition, it sits on an easy/moderate fall contour. This cross-lease property falls under the category of Residential - Ownership home units, offering a blend of comfort and potential for personalization.

From a financial perspective, the capital value has seen a significant increase from $530,000 in July 2017 to $700,000 in June 2021, marking a 32.08% growth. The latest HouGarden AVM estimates its value at $670,000. Its sale history reveals a purchase at $490,000 in February 2024, following a previous sale at $390,500 in February 2015. This trajectory underscores the property's appreciating value and investment appeal.

The property is zoned for Kelston School (decile 3), Kelston Intermediate (decile 2), Kelston Boys' High School (decile 3), and Kelston Girls' College (decile 2), making it an ideal choice for families prioritizing education. The area is highly sought after, close to the New Lynn hub, and offers a large entertaining area, making it economically efficient and comfortable for living. The property is currently rented, with tenants interested in continuing their stay.

Updated on April 05, 2024.