Negotiation
5 3 2
Flexible Living with Granny Potential
389 Te Taruna Drive, Wainui
Ray White Milldale
Aerial · LINZ aerial
Lots
Unclaimed
10 Kete Lane, Wainui
Auckland
Negotiation
- 5
- 3
- 2
- 217m²
- 543 m²
- House
- 1 Dining room
- 2 Garage
Peace, Privacy & Ample Parking by the Reserve
Some homes simply feel easy to settle into. Tucked away in a peaceful Milldale cul-de-sac and backing onto the reserve alongside Waterloo Creek, this beautifully presented single-level home offers a wonderful sense of calm, privacy and space from the moment you arrive. Set on approximately 543sqm of flat freehold land with around 217sqm of floor area, it offers five bedrooms, three bathrooms, granny potential and a double internal-access garage. Exceptional off-street parking provides room for multiple vehicles and even a boat - a rare advantage for busy or extended families.
At the heart of the home, the open-plan kitchen, dining and living area is bright, welcoming and made for everyday family life. The well-appointed kitchen features engineered stone benchtops, Bosch appliances and generous storage, while the 2.7m stud height adds to the open and airy feel.
Wide sliders draw the outdoors in, opening onto an expansive deck and covered pergola where long lunches, evening drinks or a quiet morning coffee can easily become part of the daily routine. Beyond, the beautifully established garden has been thoughtfully landscaped with mature planting and easy-care outdoor areas. With Waterloo Creek reserve forming the green backdrop and no immediate rear neighbour, it is a wonderfully private setting to simply switch off and enjoy being at home.
A standout feature is the granny potential, thoughtfully arranged with two bedrooms, its own living area, bathroom, laundry and separate entrance. A dedicated heat pump provides year-round comfort, making this a flexible option for grandparents, extended family, older children or guests who appreciate greater privacy and their own space.
The remaining three bedrooms form the main family accommodation, including a generous master suite with a walk-in wardrobe and a well-appointed ensuite complete with a bathtub. Direct access to the deck and garden creates a relaxed connection to the outdoors, while a separate family bathroom serves the additional bedrooms.
Additional Features:
- Central air conditioning - Central vacuum system - Heat pump in the granny potential - Garden shed - Clothesline - TV aerial - Flyscreens to 2 doors and 4 windows
The peaceful atmosphere continues beyond the property itself. Set within a quiet cul-de-sac and with Waterloo Creek reserve at the rear, the home feels nicely removed from the rush while keeping everyday convenience close at hand. Ahutoetoe School is within easy reach, with local shops, cafés, Silverdale and motorway connections all just a short drive away.
Peaceful, private and exceptionally practical, this is a home with room for different generations, plenty of parking and an outdoor setting that makes coming home feel that little bit better.
Contact us today to arrange your private viewing or visit one of our upcoming open homes.
OwnBetter estimate
$1.33m
Medium confidence
We estimate it would sell for $1,330,000 as at 5 October 2026, in a range of $1,200,000 to $1,520,000.
Typical home in Wainui
$1.22m
The median of our estimates of its 2,759 homes
$1.2mLow
$1.33mEstimate
$1.38mCouncil value
$1.52mHigh
How we worked this out
| Council valuation, May 2024 | $1,375,000 |
|---|---|
| Market movement in Auckland since the council valuation | −4.8% |
| Apartments and houses in Auckland | +0.1% |
| How Wainui sells against council values | +1.8% |
| Homes of this age in Wainui | +0.6% |
| Homes in this price range | +0.1% |
| Land as a share of the value | +0.2% |
| Nearby recent sales (15) | +0.1% |
| Its own sale in 2023 | −1.0% |
| Our estimate | $1,330,000 |
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 and its own last sale 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
10 Kete Lane as a rental
Rent estimate$875/wk$760–$1,010 · Little evidence
Gross yield3.4%$45,500 a year on $1.33m
Net yield2.8%After $8,050 of costs
Cash flow−$354/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $875 | ||
| Property manager | ||
| Rent, 52 weeks | $45,500 | |
| 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 | $37,450 | |
| Interest $931,000 at 6.00%, interest only | −$55,860 | |
| Cash flow before tax | −$18,410 | |
| Cash flow a week | −$354 | |
| Gross / net yield on the price | 3.4% / 2.8% | |
| Return on equity cash flow on the deposit, before tax | −4.6% | |
| Loses money above this interest rate, before tax | 4.02% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 4.02%. That is -4.6% a year on a $399k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area217 m²
- Land area543 m²Boundary measures 1,862 m²
- Decade built2020s
- Bedrooms5
- Bathrooms3
- Parking2 car spaces
- Property categoryUse not published
- CouncilAuckland
- Valuation #31350-00000027773
- Valuation date1 May 2024
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 number1024640
- Title typeFreehold
- Legal descriptionLot 6041 Deposited Plan 568962; Lot 773 Deposited Plan 568962
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.
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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.
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 Wainui
Auckland
2,948
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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