125 Studholme Street, Morrinsville, Matamata-Piako, Waikato

• 1265m2 residential freehold land
• Original 3-bed bungalow
• Dual driveway access
• An array of older vehicle and storage shedding.

After almost 40 years of ownership, this 1,265m2 property is all about the land. With potential to subdivide, landbank, or explore townhouse infill options (subject to council approval), the value is obvious for developers and investors. The existing bungalow retains some original character, with timber floors and accents, traditional layout, and an open fireplace - but it does require maintenance and updates, so buyers should weigh up what option offers the best return or lifestyle fit. Less than 1km from the main street, just 200m from Coronation Road convenience shops, and with the David Street Primary school crossing almost at the gate, this property will suit homeowners, renovators, and investors alike. A rare landholding in this location - and our motivated vendor wants it sold.

Call the listing agents, Evan or Alex, to register your interest and for viewing times.