More than 400 houses are planned for one of the last undeveloped sites at Hobsonville Point, north of Auckland.

Ngai Tahu Property has announced it has entered into a development agreement for a 2ha site 20 minutes north of central Auckland, doubling the size of the planned development known as Kerepeti.

It will now deliver 417 homes over a combined 4ha area. The dwellings will be a mix of apartments and terraced homes.

Ngai Tahu Property said the homes will be delivered in four stages, with the first consisting of 27 terraced homes with a mix of "two-and-a-half and three-bedroom dwellings and nine walk-ups with a blend of one-and-a-half and two-bedroom dwellings".

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They said 30 per cent of the properties will be priced in keeping with the Hobsonville Point affordable homes Axis programme.

Construction is already under way on two sites being developed by Ngai Tahu Property at Hobsonville Point as part of a consortium with NZ Super Fund and New Ground Capital. Ngai Tahu is undertaking this second project on its own.

Ngai Tahu Property chief executive David Kennedy said it is "committed to delivering attractive and functional homes".