Here's an exciting opportunity for developers, land-bankers and buyers looking for something with genuine future potential in Masterton.

Welcome to 41 Millard Avenue - an impressive 8,451 square metre residentially zoned holding, complete with a beautifully presented 166 square metre, three-bedroom, two-bathroom villa, two living areas and a double garage.

And it's the land that really makes this property stand out.

With over 8,400 square metres of residentially zoned land, there is obvious potential to investigate future subdivision and development.

But importantly, there's also a very appealing home already sitting here.

This spacious villa has a wonderful feel, with beautiful native timbers characteristic of its era, generous living spaces and gorgeous wrap-around verandahs providing plenty of outdoor living and enjoying the sun.

The home has been extensively improved, including re-roofing, re-piling, re-plumbing and re-wiring.

There's insulation top and bottom and a freestanding log burner to keep things warm and cosy.

With three bedrooms, two bathrooms and two living areas, there's plenty of accommodation for a family - while the home's position on this substantial site also provides flexibility for the future.

The existing villa could potentially be retained as part of a future development, subject to all necessary approvals, or there may be an opportunity for a future owner to relocate the dwelling and unlock more of the land.

So whether you're looking to develop, land-bank, retain a substantial residential property, a lifestyle property fenced into paddocks with sheds or investigate the site's future potential, 41 Millard Avenue deserves your attention.

Opportunities to acquire land holdings of this scale in Masterton don't come along often.

41 Millard Avenue - come and explore the possibilities.

Tender closes Wednesday 2nd September 2pm

Important: Any subdivision or development concepts referred to in this marketing are indicative only and are not an approval, consent or guarantee of development potential, subdivision yield or feasibility. No representation is made that any proposed subdivision or development will be approved. Purchasers should undertake their own independent due diligence and obtain their own professional planning, legal, engineering and financial advice.