Offers Over $399,000
2 1 1
Redevelop or renovate
17 Spey Street, Mosgiel
Property Brokers
Aerial · LINZ aerial
Unclaimed
22 Paterson Road, Mosgiel
Dunedin City
$305,000 Plus GST (if any)
- 5.36 ha
- Lifestyle section
Paterson Road Lifestyle
Ideal location to build your dream home.
Key Features:
- Rural location with amazing views, only 5 minutes from Mataura
- Approximately 10minutes to Waimumu Field Days site & 15 minutes to Gore
- Cattle yards on the boundary
- 5.36 hectares (13.24 acre), flat to rolling terrain
- Approximately 2 hectares of pine trees
- Good fencing throughout
- Subject to final survey and title being issued
$305,000 plus GST (if any)
Please note: Address to be finalised on completion of subdivision.
Please note: Land and Floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e Regional/City councils, Propertysmarts/REINZ/Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.
OwnBetter estimate
$579k
Medium confidence
We estimate it would sell for $579,000 as at 5 October 2026, in a range of $495,000 to $658,000.
Typical home in Mosgiel
$698k
The median of our estimates of its 5,652 homes
$495kLow
$540kCouncil value
$579kEstimate
$658kHigh
How we worked this out
| Council valuation, Jun 2025 | $540,000 |
|---|---|
| Market movement in Dunedin City since the council valuation | +3.3% |
| How Mosgiel sells against council values | +0.9% |
| Homes of this age in Mosgiel | +1.0% |
| Homes in this price range | +0.3% |
| Land as a share of the value | +0.5% |
| Nearby recent sales (15) | +0.9% |
| Our estimate | $579,000 |
We start from the council's rating valuation, move it by how sales in the area have moved since against their own council values, then by how properties like this one, nearby sales have done against the same arithmetic. Each step is an average of real sales. Tested every month against sales we had not seen: half land within about 6% of our estimate, and about 8 in 10 within the range. This is an automated estimate, not a registered valuation.
My notes
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Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.
Investor insights
22 Paterson Road as a rental
Rent estimate$580/wk$500–$670 · Little evidence
Gross yield5.2%$30,160 a year on $579k
Net yield4.3%After $5,336 of costs
Cash flow+$10/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $580 | ||
| Property manager | ||
| Rent, 52 weeks | $30,160 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Net income before interest | $24,824 | |
| Interest $405,300 at 6.00%, interest only | −$24,318 | |
| Cash flow before tax | +$506 | |
| Cash flow a week | +$10 | |
| Gross / net yield on the price | 5.2% / 4.3% | |
| Return on equity cash flow on the deposit, before tax | 0.3% | |
| Loses money above this interest rate, before tax | 6.12% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 6.12%. That is 0.3% a year on a $174k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area105 m²
- Land area1,053 m²
- Decade built1950s
- Bedrooms3
- Bathrooms1
- Parking2 car spaces
- Property categoryUse not published
- CouncilDunedin City
- Valuation #27841-5200
- Valuation date1 Jun 2025
From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.
Title and land
Order a title record- Title numberOT350/159
- Title typeFreehold
- Legal descriptionLot 7 Deposited Plan 6470
Registered instrumentsChecking the register… See the title summary →
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
Getting around
Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.
Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
Unclaimed
Nobody is tracking this property yet
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We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
2Your lending in the pictureAdd what you owe, or connect the bank, and the equity and LVR stop being a calculation you redo by hand.
3Providers compete for itPut the mortgage, the insurance and the power out to people who want the business — on your terms, when you ask.
4Everything else you ownOne search finds other titles in your name and in companies you are a director of.
Zoning and hazards
What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.
Reading the council's maps…
What could you build here?
See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.
About Mosgiel
Dunedin City
6,847
Properties on the rating roll
1 Jun 2025
Last council revaluation
Counts describe the records we hold for this territorial authority, not a market forecast. Our estimate above is automated, not a registered valuation; how it was reached is shown with it. Every council figure on this page can be checked against the council's own record.
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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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