9 Studholme Street, Morrinsville, Matamata-Piako

1960s gem with endless development potential!

Here's a fantastic opportunity for rental investors, first-home buyers, or savvy developers! This 860sqm (more or less) property in the heart of Morrinsville offers subdivision possibilities and an abundance of potential.
The 1960s-built home retains its original charm, featuring three spacious bedrooms, a family bathroom, a large living room, and an expansive kitchen and dining area. With a separate toilet and laundry, this home is as functional as it is full of potential.
Outside, the fully fenced, flat section provides a safe haven for kids and pets, while the detached double garage with a small workshop space at the rear caters to storage and hobby needs. Loads of off street parking for toys, boats, campervans or just room to play. Whether you're looking to renovate, redevelop, or simply enjoy the rental returns, this property ticks all the boxes.
Located just a few hundred meters from Morrinsville's main street and conveniently close to the local dairy, you'll enjoy a lifestyle of ease and accessibility. Currently returning an excellent yield with tenants in place, it's an immediate income earner while you plan its future.
For the right person, this property is a goldmine of potential. Whether you're thinking of modernizing, developing, or simply stepping onto the property ladder, this opportunity is not to be missed.