The car was a good deal quicker than his ute and he had trouble keeping up, but arrived at the intersection of Donald Road and Allen Bell Drive to see the car abandoned on the footpath, two of the occupants bolting over farm land while the third strolled away along Allen Bell Drive.
The neighbour got the number of the house the thief went to, and moments later police had him in custody.
A police dog was summoned from Whangarei, but had not arrived several hours later, by which time the fugitives had long gone.
Meanwhile the neighbour, who had been talking to Police Communications throughout, said the person he was talking to, who he said had obviously had a map, had been "brilliant".
"I was really impressed," he said, "although a couple of times I thought I was going to lose the car.
"It all went pretty well though.
"It could have gone wrong but what the hell? That's what Neighbourhood Watch is all about. It certainly got the blood pumping."
"Two minutes later I wouldn't have been there and I wouldn't have seen the car," he added, "but I couldn't believe how bold these people were. You'd think they would have dropped the TV and taken off, but they thought they could get away with it. It turned out to be their unlucky day."
Crime was becoming increasingly common on his road though, recent incidents including the broad daylight of near-neighbours who got home to find their door kicked in.
"These people should realise they're being watched," he said.
"They are going to find this harder and harder to get away with."