Dual Key Investment Property in Morwell, VIC (5.88% Yield) | Aus Investment Properties - Photo 1

Property Images

Dual Key Investment Property in Morwell, VIC (5.88% Yield) | Aus Investment Properties - Photo 1
  • Dual Key
  • Property Type
  • 4+2
  • Bedrooms
  • 2+1
  • Bathrooms
  • 2
  • Cars
  • 238

Details

Updated on Oct 14, 2026

Property Type: Dual Key
Price: $ 761,100
Land Price: $ 267,000
Build Price: $ 494,100
Gross Per Week: $ 860*
Gross Per Annum: $ 44,720
Gross Yield: 5.88%
Capital Growth 12 Months: 25.00%
10Yr Annualised Growth: 8.38%
Vacancy Rate: 4.48%
Property Size: 238 m2
Land Area: 519 m2
Bedrooms: 4+2
Bathrooms: 2+1
Parking: 2
Title Status: May 2027
Property ID: 40035
SKU: 1029

Description

This dual key package in Morwell offers investors a complete turnkey 4+2 bedroom home with 3.5 bathrooms and a double garage. The home offers 238 m2 of living area on a 519 m2 lot, with title expected in May 2027. The main residence has four bedrooms, and the second dwelling has two bedrooms plus a study, each with its own kitchen and living area. Landscaping, fencing and the driveway are included in the package price, together with gas ducted heating and 20 mm stone benchtops, so the investment property is presented as a complete package ready for tenants.

Morwell is a Latrobe Valley regional centre with established services, schools and transport supporting rental demand. Regional employment and amenity underpin steady occupancy for well-presented dwellings. Investors seeking regional Victoria yield may find Morwell suited to longer-term hold strategies with affordable entry points.

For investors, this dual key package pairs a complete turnkey presentation with the rental profile of the surrounding market. Expected rent is around $860 per week, giving a clear starting point for cash-flow planning.

A dual key home combines two separate living spaces in one structure, giving investors two rental incomes from a single property. That flexibility suits a range of tenant types, from families in the main residence to singles or couples in the second dwelling.

Each dwelling has its own entry, bedrooms, bathroom, kitchen and courtyard, with the double garage serving the main residence. That separation supports two independent leases and makes the property a practical, income-focused portfolio addition.

Features

  • double garage
  • Landscaping, fencing and driveway
  • 900 mm appliances
  • 4+2 bedrooms
  • 3.5 bathrooms
  • Dual Key
  • Two dwellings
  • Stone benchtops
  • Gas ducted heating
  • Turnkey
  • study
  • 519 m2 lot
  • 16.75 m frontage
  • 238 m2 house
  • Two kitchens

Inclusions

  • carpet to bedrooms
  • Tiled kitchen splashback
  • LED downlights
  • Full turnkey package
  • Landscaping fencing and driveway included
  • Nature strip levelled and seeded
  • Clothesline
  • Garden irrigation with timers
  • 900 mm stainless steel upright cooker
  • Canopy rangehood
  • Stainless steel dishwasher
  • 20 mm Caesarstone benchtops
  • Laminate kitchen cabinets
  • Double bowl kitchen sink
  • Gas ducted heating
  • Split system air conditioner to main living
  • Timber laminate flooring to entry and living areas
  • Carpet to bedrooms
  • Floor tiles to wet areas
  • Venetians and roller blinds
  • Flyscreens to openable windows
  • Hardwired smoke detectors
  • LED sensor flood light
  • 6 star energy rating
  • Solar hot water with gas booster
  • Insulation
  • Colorbond sectional garage door with motor and remotes
  • Concrete roof tiles
  • Fixed site costs including rock excavation
  • Independent quality inspections
  • 10 year structural warranty
  • 3 month maintenance period
  • LED Downlights

Floor plans

Dual Key Investment Property in Morwell, VIC (5.88% Yield) | Aus Investment Properties - Floor Plan 1

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Address

Address Morwell VIC 3840
City Morwell
State VIC
Postcode 3840
Suburb N/A
Estate Heartland
Region Gippsland

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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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