33 Yarrabee Street, Lara VIC 3212 (A)

Lara, Greater Geelong, VIC, Australia, 3212

$ 867,122

Lara, Greater Geelong, VIC, Australia, 3212
Dual Key Investment Property in Lara, VIC (5.82% Yield) | Aus Investment Properties - Photo 1

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Dual Key Investment Property in Lara, VIC (5.82% Yield) | Aus Investment Properties - Photo 1
  • Dual Key
  • Property Type
  • 3+2
  • Bedrooms
  • 2+1
  • Bathrooms
  • 2
  • Cars
  • 204

Details

Updated on Oct 26, 2026

Property Type: Dual Key
Price: $ 867,122
Land Price: $ 415,000
Build Price: $ 452,122
Gross Per Week: $ 970*
Gross Per Annum: $ 50,440
Gross Yield: 5.82%
Capital Growth 12 Months: 10.86%
10Yr Annualised Growth: 6.44%
Vacancy Rate: 6.02%
Property Size: 204 m2
Land Area: 512 m2
Bedrooms: 3+2
Bathrooms: 2+1
Parking: 2
Title Status: Titled
Property ID: 42820
SKU: 1073

Description

This dual key property in Lara offers 3+2 bedrooms and 2+1 bathrooms across two self-contained dwellings under one roof, with a double garage and 204 m2 of living on a 512 m2 lot with a 16 m frontage in the Lara Lakes estate. The land is already titled. It is a turnkey package, with 20mm stone benchtops, a 5.0kW split system air conditioner to each dwelling, front, side and rear landscaping, full-share fencing and a coloured concrete driveway included, and the home is built to a 7-star energy rating. The package is priced at $867,122, with $415,000 for the land and $452,122 for the build, and combined indicative rent of about $970 per week across both dwellings gives a gross yield of 5.82%.

Lara is a suburb in the City of Greater Geelong, in the Geelong region in Victoria. The Lara Lakes estate is part of the new housing supply in the area. Two self-contained dwellings let investors lease to two households, spreading rental income across separate tenancies. A rental appraisal puts this package at about $970 per week, which suits a yield-focused investment portfolio.


For investors, this dual key property offers two rental incomes on one title, with combined indicative rent of about $970 per week and a gross yield of 5.82%.

Dual Key Properties stand as a prime choice for investors seeking innovative solutions to maximize their returns.

These properties are ingeniously designed to include two separate living spaces within one structure, allowing for dual rental income streams from a single investment.

This setup not only enhances the property's rental yield but also offers flexibility in tenant demographics, ranging from young professionals to small families.

The distinct separation of spaces ensures privacy while maintaining the potential for a communal lifestyle, catering to the modern tenant's desire for adaptable living arrangements.

Features

  • Dual Key
  • Two self-contained dwellings
  • 3+2 bedrooms
  • 2+1 bathrooms
  • double garage
  • Single Storey
  • Turnkey Package
  • Stone benchtops
  • Split system air conditioning
  • 7-Star Energy Rating
  • Landscaping
  • Fencing
  • Driveway
  • Titled Land

Inclusions

  • 100% Fixed Site Costs including up to P1 Class Slab and Piering
  • Rock Excavation and Removal
  • All-Electric Home with 7-Star Energy Rating
  • 10 year structural warranty
  • Generous 2590mm Ceiling Height
  • Colorbond roof
  • 20mm Stone Benchtops to Kitchen Bathroom Ensuite and Laundry
  • Cabinetry to Kitchen including above Refrigerator
  • Designer Basins and Tapware
  • Extended 2000mm Semi-Frameless Shower with Tiled Base
  • Front Side and Rear Landscaping
  • Full-Share Fencing
  • Coloured concrete driveway
  • Letterbox and Clotheslines
  • 5.0kW Split System Air Conditioner to Both Dwellings
  • Block Out Blinds to All Windows
  • Flyscreens to All Openable Windows
  • Stainless Steel Inbuilt Cooktop and Oven with Canopy Rangehood and Dishwasher
  • NBN Connection and Community Infrastructure Levy
  • Complimentary Independent Building Inspections
  • All Developer Requirements including Recycled Water Rainwater Tanks Eaves BAL 12.5 Facade Requirements and Corner Treatment where Required

Floor plans

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Address 33 Yarrabee Street, Lara VIC 3212 (A)
City Greater Geelong
State VIC
Postcode 3212
Suburb Lara
Estate Lara Lakes
Region Geelong

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

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