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 configure that. New multi-developments have gone in up and down the street. For an owner-occupier, 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.