MiLife Kelvin Grove Village
Kelvin Grove, Palmerston NorthMilife Kelvin Grove Village Limited PartnershipRegistered on the Retirement Villages Register
In short
- Entry prices from $340,000 (1 unit for sale now).
- The village keeps 30% of what you paid when you leave. This is its exit fee (deferred management fee).
- Weekly fee: $128.09 a week.
- Entry price from
- $340,000the only unit for sale now
- Exit fee
- 30%builds over 3 years
- Weekly fee
- $128.09 a week
- When you are repaid
- Not published
- Registered
- Yesno. 2053163
- Care on site
- None listed
What it costs
Entry price
$340,000
For the 1 unit for sale now on Eldernet. This is not a price for every unit in the village.
Prices seen on the village's own site: Unit 61 (one-bedroom): $340,000; Villa 21 (two-bedroom): $585,000 (live listings shown on the Eldernet page) (source: milife.co.nz/palmerston-north)
Exit fee (deferred management fee)
30% of what you paid
Source: milife.co.nz/palmerston-north
How it builds
Accrues daily, calculated from the commencement date to the later of the termination date or the vacation date. Not payable out of pocket - deducted from the entry-payment refund when that refund falls due.
Source: milife.co.nz/palmerston-north
Full research note
Accrues daily, calculated from the commencement date to the later of the termination date or the vacation date. Not payable out of pocket - deducted from the entry-payment refund when that refund falls due. No further deduction once resident has lived there longer than 3 years (3 x 10% = 30% cap).
Weekly fee
$128.09 a week
$128.09 per week per villa (stated as current in the info booklet). NOT fixed - reviewed annually, indexed to NZ Superannuation rate increases (booklet: 'if Superannuation goes up 1% then the village fee will go up 1%').
Source: milife.co.nz/palmerston-north
Full research note
$128.09 per week per villa (stated as current in the info booklet). NOT fixed - reviewed annually, indexed to NZ Superannuation rate increases (booklet: 'if Superannuation goes up 1% then the village fee will go up 1%').
Capital gain (a rise in the unit's value)
Not published
When you are repaid
Not published
Other costs
No disclosure statement, "how it works", fees/costs, or FAQ page or PDF exists anywhere on milife.co.nz (confirmed via direct URL checks and the WordPress sitemap, which lists only home, blog, contact, locations, and per-village…
Source: milife.co.nz
Full research note
No disclosure statement, "how it works", fees/costs, or FAQ page or PDF exists anywhere on milife.co.nz (confirmed via direct URL checks and the WordPress sitemap, which lists only home, blog, contact, locations, and per-village pages, none named fees/costs/disclosure/FAQ). The site is a lead-generation funnel: every village page ends in an "Enquire Now" / "Request an Info Pack" form rather than published terms. The only pricing data found anywhere was on the Bell Vista page (milife.co.nz/bella-vista/), which lists specific unit sale prices (not formally labelled "entry price", and not confirmed as the full purchase price under the occupation right agreement vs. a resale listing): Villa #32, 2-bed, 93m², $580,000 (current listing); Villa #42, 2-bed, $580,000 (sold); Villa #62, 2-bed, $480,000 (sold). The Eldernet listing pages for both villages only note the statutory line "If you intend to 'purchase' you must get independent legal advice before signing your occupation right agreement" and link back to milife.co.nz, they carry no fee figures or disclosure-statement links themselves.
Disclosure statement (the village's summary of the deal)
Not published online. The law says the village must give you one before you sign an occupation right agreement (the contract that lets you live there), and it sets out every fee. Ask for it early.
What would you get back?
The exit fee builds over 3 years to 30%. The calculator spreads it evenly over those years; the exact schedule is in the fee notes above. Before weekly fees and any other charges.
Units for sale on Eldernet (1)
As listed on Eldernet on 15 and 16 October 2026. Prices are what the village is asking, before any exit fee.
| Home | Type | Bedrooms | Bathrooms | Floor area | Price | Listing |
|---|---|---|---|---|---|---|
| Cosy Comfort, Central Convenience - Unit 61 | Unit | 1 | 1 | 47 m² | from $340,000 | Eldernet |
Registered village
Registered as MiLife Kelvin Grove
- Registration number
- 2053163
- Registered since
- 2007
- Statutory supervisor
- Covenant Trustee Services Limitedappointed 30 October 2007
The name on the register differs a little from the village's own, so check this number with the operator.
A statutory supervisor is an independent party, licensed by the Financial Markets Authority, that holds residents' deposits and watches the village's finances (Retirement Commission).
Source: this village's entry on the Retirement Villages Register, read 15 October 2026.
About the village
MiLife Kelvin Grove, Affordable Retirement Living with Heart Enjoy affordable retirement living in a friendly, welcoming community where comfort, independence, and peace of mind come together. MiLife Kelvin Grove is a boutique 57-home retirement village in the sought-after suburb of Kelvin Grove, Palmerston North. Conveniently located on the corner of James Line and Brooklyn Heights Drive, you're just minutes from Woolworths, healthcare services, cafés, and other everyday essentials. We believe retirement living should offer great value without compromising on quality. With affordable entry prices, competitive ongoing fees, and a range of modern one, two, and three-bedroom homes, MiLife makes it easier to enjoy the lifestyle you deserve. Set amongst beautifully maintained grounds, the village offers excellent shared facilities and a warm, vibrant community. Residents can participate as much, or as little, as they choose, enjoying the perfect balance of privacy, independence, and companionship. At MiLife Kelvin Grove, you're not just purchasing a home, you're becoming part of a community where you can live confidently, stay connected, and enjoy retirement on your terms.
In the village's own words, from its Eldernet listing.
Care homes nearby
- Radius Peppertree 1.1 km away · rest home, hospital
- Bupa Riverstone Care Home 1.8 km away · rest home, hospital, dementia
- Brightwater Home 2.8 km away · rest home, hospital, dementia
- Karina Lifecare 2.8 km away · rest home
Where this comes from
- Address
- 53 Brooklyn Heights Drive, Kelvin Grove, Palmerston North
- Operator
- Milife Kelvin Grove Village Limited Partnership
- Phone
- 06 355 4665
- Source: Eldernet listing (milife-kelvin-grove), read 15 and 16 October 2026 (listing, care levels, units for sale)
- Source: milife.co.nz/palmerston-north, read 15 and 16 October 2026
- Source: milife.co.nz, read 15 and 16 October 2026
- Source: Retirement Villages Register entry, read 15 October 2026 (registration and statutory supervisor)
Confidence: Medium to high.
Research note
Fee data is from an official MiLife company brochure (read directly as a PDF, not AI-summarized), not the per-village legal Disclosure Statement itself, so treat the DMF/weekly-fee structure as the general MiLife policy applying to this village rather than a resident-specific contract figure.
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