$1,150,000
4 2 5
Horse Haven
539 Settlement Road, Kaiwaka
Barfoot & Thompson
1 / 27
- 2
- 1
- 8
- 180m²
- 2.03 ha
- Lifestyle property
- 2 Garage
- 6 Off-street parks
- Internal-access garage
- Tennis court
- Fencing
- Partially fenced
- Views
- Harbour / sea, Bush, Rural
- Aspect
- Northerly
- Roof
- Colorsteel
- Hot water
- Electric
- Water supply
- Tank
Waterfront Living: Bespoke Shed House!
Are you seeking a unique, versatile, durable, and habitable shed in a waterfront location? If so, you need to check this out!
96 Manu Drive sits on a gently sloping, north-facing, 2.0330-hectare parcel with lake frontage and excellent lake and harbour views from the main shed house. Featuring two well-appointed bedrooms, this home is ideal for small families or those looking to downsize without compromising on space.
A boatie's dream, the property includes access to a sought-after all-tide boat ramp within the prestigious Takahoa Bay Coastal Estate, located just an hour's drive from Auckland. Enjoy a serene coastal peninsula lifestyle, whether as a holiday retreat or a permanent country home. Estate amenities include a tennis court, olive grove, walking trails, picnic areas, woodlots, a working farm, and the boat ramp.
Constructed by Shed Boss with colour steel, the building features a 5.2-metre-high stud and double roller doors within the shed/workshop component. The remainder of the building houses a unique two-bedroom dwelling with an open-plan kitchen, dining, and lounge area, plus a laundry and bathroom.
Downstairs living wraps around a wide central staircase leading to two generous mezzanine-level bedrooms with sunrise-to-sunset views. Two triple-stacking doors with insect screens open to the grounds and vista from the living areas. The bathroom (featuring a full bath and super-sized shower) and laundry are cleverly positioned behind one of the workshop bays.
The property offers excellent infrastructure, including 3-phase power, a Waterflow wastewater system, and three large concrete water tanks with a submersible pump. The land is mainly pasture with a naturally filled pond, alongside various plantings including fruit trees, banana palms, and Mexican sunflower plants.
Whether a boat owner, artisan craftsman, "Tradie" or a tinkerer, the shed /workshop component may well be the main fare with the home being desert!
Located in a tranquil setting, this lifestyle property is a rare find and is priced at $985,000.
Please contact me today to schedule a viewing and explore this value-packed offering!
What you’ll love about this place
- Waterfront: the land runs down to a river
From LINZ's topographic maps: how near the land comes to the water's edge.
OwnBetter estimate
$1.15m
Low confidence
We estimate it would sell for $1,150,000 as at 5 October 2026, in a range of $917,000 to $1,420,000.
Typical home in Kaiwaka
$729k
The median of our estimates of its 963 homes
$917kLow
$1.15mEstimate
$1.17mCouncil value
$1.42mHigh
How we worked this out
| Council valuation, Sept 2023 | $1,170,000 |
|---|---|
| Market movement in Kaipara District since the council valuation | −1.7% |
| Apartments and houses in Kaipara District | −0.1% |
| How Kaiwaka sells against council values | −0.9% |
| Homes of this age in Kaiwaka | +1.3% |
| Homes in this price range | −1.2% |
| Land as a share of the value | +0.8% |
| Our estimate | $1,150,000 |
We start from the council's rating valuation, move it by how sales in the area have moved since against their own council values, then by how properties like this one, nearby sales have done against the same arithmetic. Each step is an average of real sales. Tested every month against sales we had not seen: half land within about 6% of our estimate, and about 8 in 10 within the range. This is an automated estimate, not a registered valuation.
My notes
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Sign in for the free reportHome expense estimates
Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.
Investor insights
96 Manu Drive as a rental
Rent estimate$815/wk$710–$940 · Little evidence
Gross yield3.7%$42,380 a year on $1.15m
Net yield3.0%After $7,498 of costs
Cash flow−$258/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $815 | ||
| Property manager | ||
| Rent, 52 weeks | $42,380 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Net income before interest | $34,882 | |
| Interest $805,000 at 6.00%, interest only | −$48,300 | |
| Cash flow before tax | −$13,418 | |
| Cash flow a week | −$258 | |
| Gross / net yield on the price | 3.7% / 3.0% | |
| Return on equity cash flow on the deposit, before tax | −3.9% | |
| Loses money above this interest rate, before tax | 4.33% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 4.33%. That is -3.9% a year on a $345k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area180 m²
- Land area2.03 ha
- Decade built2020s
- Bedrooms2
- Bathrooms1
- Property categoryLI202B
- Zoning (valuer’s record)1A
- CouncilKaipara District
- Valuation #1200-5016
- Valuation date1 Sep 2023
From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.
Title and land
Order a title record- Title number89614
- Title typeFreehold
- Legal descriptionLot 13 Deposited Plan 322450
Registered instrumentsChecking the register… See the title summary →
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
Getting around
Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.
Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
Unclaimed
Nobody is tracking this property yet
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We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
2Your lending in the pictureAdd what you owe, or connect the bank, and the equity and LVR stop being a calculation you redo by hand.
3Providers compete for itPut the mortgage, the insurance and the power out to people who want the business — on your terms, when you ask.
4Everything else you ownOne search finds other titles in your name and in companies you are a director of.
Zoning and hazards
What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.
Zoning (rating roll)1A
Reading the council's maps…
What could you build here?
See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.
About Kaiwaka
Kaipara District
1,216
Properties on the rating roll
1 May 2024
Last council revaluation
Counts describe the records we hold for this territorial authority, not a market forecast. Our estimate above is automated, not a registered valuation; how it was reached is shown with it. Every council figure on this page can be checked against the council's own record.
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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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