86 Racecourse Road, Waipukurau, Central Hawkes Bay
Auction 06 March 2026
3
1
1
+4
+3
Reimagine, renovate, rebuild, redevelop
Heading to auction in a central Waipukurau location, 86 Racecourse Road is the type of property that immediately sparks ideas for builders, developers, and forward thinking investors. Owned by the same family since 1991, this is a genuine and bittersweet goodbye that now opens the door for someone new to bring fresh vision and energy. Opportunities like this do not come up often in tightly held streets where location does much of the heavy lifting for you. Set on a cross lease title and residentially zoned, the property includes an existing three bedroom home and a separate garage, providing a practical base to work from while you plan what comes next. Whether you choose to renovate and add value, modernise and hold as a rental, or explore redevelopment potential, the foundations are already here. The functional layout offers a starting point for improvement, while the positioning is what makes this offering particularly compelling. Close proximity to town amenities, schools, shops, and services means this address will always appeal to both owner occupiers and tenants, supporting strong resale and rental demand into the future. With a current CV of $360,000, this is a property where smart buying, effort, and vision can be genuinely rewarded. Buyers who understand potential will quickly recognise what could be achieved here with the right plan. This is not simply a home for sale. It is a project, a prospect, and a prime opportunity in one of Waipukurau’s well established locations. You need to be in it to win it. Come to auction day ready to bid, because this is where opportunity meets action.
Chattels
86 Racecourse Road, Waipukurau, Central Hawkes Bay
Web ID
WU217917
Floor area
110m2
District rates
$4471.40pa
Regional rates
$322.76pa
LV
$74,000
RV
$360,000
3
1
1
Auction (unless sold prior)
Friday, 06 March 2026, 1.00pm
Property Brokers, 306 Saint Aubyn Street West, Hastings
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Following the near sell out of Stage 1 with only three of the original 15 lots remaining via the original developer - the anticipated release of the final stage of the exclusive Mt Herbert Park development is nearly here! Consent has been granted for a further 23 lifestyle sized sections upon the 27.95 hectares of premium bareland currently sitting in two titles (22.39ha and 5.56ha). Due to a change in company ownership, the current owners are ready to hand the reins and potential gains over to a seasoned developer to see the completion of the subdivision through. Mt Herbert Park is a popular development offering lifestyle living with most sites offering sensational hilltop views looking down the Tukituki River reserve to farmland, town and mountains beyond. Waipukurau township is within easy reach offering convenience to its nearby boutique shops, commercial businesses, cafes, schools, sporting and community facilities. World class trout fishing in the Tukituki River Reserve below awaits and access to the network of interconnecting cycle pathways and renowned Gumtree Mountain bike park run past the development offering a unique, geographically beautiful lifestyle with added recreational enjoyment. There's no doubt that with the predicted long-term growth for the area, demand for quality lifestyle sized bareland with such convenience will be high!
By Negotiation + GST (if any)
Mt Herbert Park is a popular development offering lifestyle sized sections with sensational hilltop views looking down the Tukituki River reserve to farmland, town and mountains beyond while being just minutes from the shops, cafes and amenities available close by in Waipukurau township. This carefully planned and well executed subdivision has been in demand by those seeking a convenient location in which to build their dream home in stunning setting. World class trout fishing in the Tukituki River Reserve below awaits and access to the network of interconnecting cycle pathways and renowned Gumtree Mountain bike park is practically at the gate. Title is issued and therefore the lots are available for immediate possession with covenants in place to ensure your investment is protected by only other quality homes within the park. All lots have power supplied to the boundary with access to the lots via a shared driveway. Purchasers own water collection/storage and septic systems will be required. Secure now to build the lifestyle you've always dreamed. 34 Mason Drive, Waipukurau (Lot 10) - 7,828m2 (1.93 acres) 75 Mangatarata Road, Waipukurau (Lot 13) - 2.02ha (4.99 acres)
By Negotiation
Mt Herbert Park is a popular development offering lifestyle sized sections with sensational hilltop views looking down the Tukituki River reserve to farmland, town and mountains beyond while being just minutes from the shops, cafes and amenities available close by in Waipukurau township. This carefully planned and well executed subdivision has been in demand by those seeking a convenient location in which to build their dream home in stunning setting. World class trout fishing in the Tukituki River Reserve below awaits and access to the network of interconnecting cycle pathways and renowned Gumtree Mountain bike park is practically at the gate. Title is issued and therefore the lots are available for immediate possession with covenants in place to ensure your investment is protected by only other quality homes within the park. All lots have power supplied to the boundary with access to the lots via a shared driveway. Purchasers own water collection/storage and septic systems will be required. Secure now to build the lifestyle you've always dreamed. 34 Mason Drive, Waipukurau (Lot 10) - 7,828m2 (1.93 acres) 75 Mangatarata Road, Waipukurau (Lot 13) - 2.02ha (4.99 acres)
By Negotiation
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