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Unclaimed

278 McLean Road, Waipu

Whangarei District

Asking Price $1,175,000

  • 3
  • 1
  • 125m²
  • 1.18 ha
  • House
  • Separate toilet
  • 1 Garage
  • 1 Carport
  • Boat parking
  • Pool
  • Deck / patio
  • Outdoor entertaining
  • Garden shed
  • Heat pump
  • Air conditioning
  • Ventilation system
Fencing
Fully Fenced
Views
Rural
Aspect
Easterly, Northerly, Westerly
Insulation
Ceiling
Roof
Coloured Steel
Exterior
Weatherboard Timber
Flooring
Carpet, Timber
Hot water
Electric
Water supply
Tank
Sewage
Septic Tank

Privacy, Pool & Position

If privacy, space and a great location are high on your list, this property is well worth a look.

Set on 1.18ha (more or less), the three-bedroom home enjoys a sunny position, beautiful rural outlook and an exceptional sense of privacy. With no close neighbours, this really is your own private retreat - somewhere you can relax, entertain, turn the music up and enjoy a pool party with friends and family without worrying about disturbing the neighbours!

Outdoor living is a real highlight here, with multiple areas to entertain or simply find your own quiet spot to unwind. Enjoy a BBQ or evening drink on the deck or in the spa pool overlooking the peaceful rural outlook. Retreat into the garden surrounded by a lush, tropical oasis of palms, bananas and agaves, or spend summer poolside beside your in-ground saltwater swimming pool. The extensive pool deck offers plenty of space for entertaining, sunbathing or simply lazing away the afternoon in a hammock.

There's plenty of room beyond the house too. The paddocks offer space to graze a pet lamb or calf, while the generous grounds mean there's no shortage of room to park the campervan, caravan, boat or other toys. There is also ample space for those wanting to explore the possibility of adding a cabin or self-contained unit in the future, subject of course to any necessary council requirements.

Inside, the home offers comfortable open-plan living with a well-equipped kitchen featuring an engineered stone benchtop, gas hob and butler's pantry.

Despite feeling wonderfully tucked away, you're not far from anything. Waipu Village is only around a five-minute drive away, while Uretiti Beach and Waipu Cove are approximately 5-10 minutes by car. You can be at the shops, cafes or beach in no time, then head home to your own private piece of the country.

Whether you're looking for your first lifestyle property, a place where the kids and pets have room to roam, or you're ready to downsize from a larger farm without giving up space and privacy, this property offers an easy lifestyle with plenty of freedom - all in an incredibly handy location.

OwnBetter estimate
$1.18m
Medium confidence

We estimate it would sell for $1,180,000 as at 5 October 2026, in a range of $1,010,000 to $1,420,000.

Typical home in Waipu
$923k
The median of our estimates of its 1,855 homes
How we worked this out
Council valuation, Jul 2024$1,175,000
Market movement in Whangarei District since the council valuation−4.1%
How Waipu sells against council values+3.1%
Homes of this age in Waipu+0.6%
Homes in this price range−1.4%
Land as a share of the value+1.8%
Its own sale in 2017+0.7%
Our estimate$1,180,000

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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What it costs to live here

Home expense estimates

—a month, all in

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

278 McLean Road as a rental

Rent estimate$825/wk$720–$950 · Little evidence
Gross yield3.6%$42,900 a year on $1.18m
Net yield3.0%After $7,590 of costs
Cash flow−$274/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $825
Property manager
Rent, 52 weeks$42,900
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$35,310
Interest $826,000 at 6.00%, interest only−$49,560
Cash flow before tax−$14,250
Cash flow a week−$274
Gross / net yield on the price3.6% / 3.0%
Return on equity cash flow on the deposit, before tax−4.0%
Loses money above this interest rate, before tax4.27%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 4.27%. That is -4.0% a year on a $354k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area125 m²
  • Land area1.18 ha
  • Decade built1960s
  • Bedrooms3
  • Bathrooms1
  • Parking4 car spaces
  • Property categoryUse not published
  • CouncilWhangarei District
  • Valuation #390-14404
  • Valuation date1 Jul 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 numberNA69D/59
  • Title typeFreehold
  • Legal descriptionLot 1 Deposited Plan 120418
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

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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?

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About Waipu

Whangarei District
2,412
Properties on the rating roll
1 Jul 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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