15 Mill Street, Dulwich SA 5065

1920s character home | 653m² prestigious suburb lot | renovator’s opportunity | pool and 4 bedrooms This house presents a rare chance to secure a large, character block in Dulwich, a tightly held suburb. The 653m² land parcel is the core value, offering significant future potential. The four-bedroom configuration with a pool suits a family seeking a premium location, with the 1920s build providing a renovator’s canvas to add value. It serves a buyer looking for a long-term hold with land appreciation, willing to invest in updates. The primary risk is the conflicting internal area data, indicating potential discrepancies in usable space that affect valuation per square metre. The wide estimated value range reflects this uncertainty. Proceed only with a precise building measurement and a builder’s inspection to quantify renovation costs. This property is a strategic land purchase with a liveable house; treat it as a value-add project, not a finished product. Nearby sale at 14 Mill Street (5 bed, 3 bath, 615m²) sold for $2,318,000 in February 2026. This recent transaction sets a strong benchmark, confirming the premium achievable for renovated character homes on large lots in this street. It underscores the latent value in 15 Mill Street, provided similar quality and appeal can be achieved through renovation.