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Far North

Russell

Lot 1 Florance Avenue, Russell

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Russell · Far North

Lot 1 Florance Avenue, Russell

Land Price

$375,000

$219/m²

With 2-Bed Devpro 65m²

$674,999

With 3-Bed Devpro 95m²

$774,999

With 4-Bed Devpro 122m²

$874,999

Land area

1,713 m²

Zone

Residential

Natural Hazards

None identified

Council services

Live reticulated water, wastewater, and stormwater data is not yet wired in for Far North. Check the LIM report or contact Far North District Council directly.

Title Type

Freehold · Fee Simple

Legal Description

Part Deposited Plan 4415

Title Area

1,776 m²

Easements

None identified

Mortgage

No mortgage

Encumbrances

None

Consent Notices

None

Covenants

None

3 registered instruments on title
Discharge of Mortgage2024-07-31
TSM2024-05-30
Mortgage2024-05-30

Market position

Priced 5% below the Far North average.

This section$219/m²
Far North · Residential average$231/m²

District average computed from the active sections listed. Updated daily.

Lifetime cost · Devpro vs Building Code

What is the lifetime cost of a 4-bed home at Lot 1 Florance Avenue, Russell?

Section price pre-filled from this listing. Tweak the build, mortgage, and running-cost inputs to see the 30-year picture.

The build

Mortgage

Running costs

Monthly mortgage — green-loan advantage

Building code

$4,287/mo

Devpro

$4,085/mo

Saving

$202/mo

Devpro vs Building Code — the investment case

YearIf held (savings)If sold — resale premiumIf sold — total Devpro advantage
0yr$0$78,750$78,750
5yr$25,366$100,507$149,555
10yr$54,396$128,275$234,398
20yr$157,959$208,947$487,919
30yr$258,619$340,353$800,299

If held = cumulative operational savings (mortgage interest + energy + HVAC service + replacements avoided). If sold = full net-position delta. Click any row to see the five components that make up the total advantage.

30-year "held" savings — where the money comes from

Mortgage interest (green-loan 1% off)
$72,627
Energy (70% lower, inflating)
$139,522
HVAC servicing (less run-time)
$19,932
HVAC replacements avoided
$26,539
Total 30-year savings
$258,619

Talk to us

Talk to us about building on this section

Curious about building on Lot 1 Florance Avenue, Russell? Send a quick note and we'll be in touch within one business day.

About this section

<p>Embrace the chance to secure a prime piece of land in the charming town of Russell. This elevated freehold section, located less than 2km from the town centre, presents a golden opportunity for savvy buyers looking to land bank or develop their dream home.<br />Being a generous 1,713 square metres (more or less – property is subject to title being issued), Lot 1 features a garage perfect for storage while you plan your ideal coastal retreat. Design and build your sanctuary in the Bay of Islands, where demand for land is on the rise and options are becoming increasingly scarce. <br />This section enjoys a sunny, sheltered position with a north-westerly aspect. Featuring power, internet (fibre) and sewerage access at the boundary/garage, along with an elevated view of lush greenery, it’s ideal for further development. <br />Russell is not just a location; it’s a lifestyle. Known for its beautiful beaches, exceptional fishing, and exquisite dining options, this historic town is an idyllic holiday destination or permanent home for those seeking coastal tranquillity.<br />The two neighbouring lots are also available for sale. <br />Don’t miss this opportunity to invest in a piece of paradise. Secure your future in the Bay of Islands today!</p>

Aerial imagery

See the land from above.

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