42 Gordon Avenue, Milford, Auckland - North Shore

Nestled at 42 Gordon Avenue, Milford, Auckland, this charming 5-bedroom, 2-bathroom residence with a single carpark is a gem on a freehold section of 1381sqm. Constructed in 1960 with wood walls and an iron roof, both in average condition, the property boasts an easy/moderate contour and a floor area of 140sqm. The capital value has seen a significant increase from $1,940,000 in 2017 to $2,720,000 as of June 2021, reflecting a growth rate of 40.21%. The HouGarden AVM estimates the property's worth at $2,532,500, while the latest sale in 2015 was for $1,610,000.

With a mixed housing suburban zone under the Auckland Unitary Plan, this property includes a flat backyard of approximately 650sqm and has resource consent for an additional 360sqm home at the rear. The open plan living, family-sized BBQ deck, and two comfortable lounges, one with a wood fire, offer both cozy and panoramic views of the Sky Tower. It's zoned for top-rated schools such as Westlake Boys' and Girls' High Schools, and Milford School, ensuring an excellent education for the family.

Whether you choose to reside in the existing house, develop the land, or bank it as an investment, this property presents a golden opportunity in a high-yielding investment paradise.

Updated on May 18, 2024