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Far North

Priced Right For Builders Or Investors
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Far North

Priced Right For Builders Or Investors

Land Price

$319,000

$349/m²

With 2-Bed Devpro 65m²

$618,999

With 3-Bed Devpro 95m²

$718,999

With 4-Bed Devpro 122m²

$818,999

Land area

914 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.

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Lifetime cost · Devpro vs Building Code

What is the lifetime cost of a 4-bed home at Priced Right For Builders Or Investors?

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

$3,996/mo

Devpro

$3,824/mo

Saving

$173/mo

Devpro vs Building Code — the investment case

YearIf held (savings)If sold — resale premiumIf sold — total Devpro advantage
0yr$0$73,710$73,710
5yr$23,618$94,075$140,876
10yr$50,900$120,066$221,715
20yr$150,967$195,574$466,066
30yr$248,131$318,570$768,029

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)
$62,139
Energy (70% lower, inflating)
$139,522
HVAC servicing (less run-time)
$19,932
HVAC replacements avoided
$26,539
Total 30-year savings
$248,131

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About this section

Build your dream home on this elevated, north-facing 914sqm (more or less) section in the highly sought-after Watea subdivision-an exceptional opportunity to secure a premium piece of Northland paradise just moments from Paihia and the iconic Bay of Islands. Positioned in a quiet cul-de-sac, this expansive riverside site offers a rare combination of privacy, space, and natural beauty. Its elevation provides captivating views over the river, creating a serene backdrop for a thoughtfully designed home that embraces sunlight, outlook, and effortless indoor-outdoor living. The generous land size ensures ample room to craft a residence tailored to your lifestyle, whether that means expansive decks, landscaped gardens, or contemporary open-plan living. The setting is further enhanced by a neighbourhood of high-quality homes, contributing to a welcoming, family-friendly atmosphere and reinforcing the long-term value of your investment. Protective covenants safeguard the character of the subdivision, while the location delivers excellent convenience-zoned for Kerikeri High School and just minutes from Haruru Falls, local beaches, the boat ramp, golf course, supermarket, and everyday amenities. Whether you are ready to bring your architectural vision to life or prefer to secure land for the future, this exceptional section represents outstanding value in one of Northland's most desirable communities. A rare opportunity to create a lifestyle you'll love in a setting that truly inspires.

Aerial imagery

See the land from above.

Before you commit to a builder, learn what separates a home that performs from one that just looks the part.