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Mosgiel 17 Spey Street, Mosgiel

2 Bedrooms1 Bathroom1 GarageID MGU237607
By Negotiation

Redevelopment or renovate

Two bedrooms - 1950s ex-state house - 817m2 - General Residential 2

Offered for sale by the estate after the passing of one of the owners.

A mid-century ex-state house on a generous, flat Spey Street section, close to Mosgiel shops, schools and the town centre. The house is a two-bedroom 1950s home of about 100m2 and it is in poor order. The rating split tells the story: land value $465,000, improvements $30,000, capital value $495,000 as at 1 June 2025. You are buying the land. The house could stay or it could be levelled? An excavator will make quick work of that.

The section is zoned General Residential 2, the zoning that allows smaller sites and ideal for the developer or the land banker. At 817m2 there are options to split in half or way down to eight x one bedroom equivalents, however you wish to figure that. New multi-developments have gone in up and down the street. For an owner-occupier, the this home could be renovated, so this option is not to be discounted in a street that is already changing.

A straightforward estate sale. Land first, house second.

See you at the scheduled open homes.
CHATTELS  Blinds   |   Clothesline   |   Drapes   |   Electric Hot Water Cylinder   |   Electric Stove   |   Extractor Fan   |   Fixed Floor Coverings   |   Garden Shed   |   Letterbox   |   Light Fittings   |   Mirror   |   Net Curtains   |   Outbuilding   |   Smoke Detectors   |   TV Aerial
Open Home
Fri 16 October 2026
12:00pm - 1:00pm

Sun 18 October 2026
1:45pm - 2:30pm
Features
Area | 100.00m2Land | 817 m2Rates | $3,881.65Regional rates | $401.91LV | $465,000RV | $495,000
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Jane Booth

M  027 274 2519  P  03 466 3105

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Jane Booth
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