- Dual Key
- Property Type
- 4+2
- Bedrooms
- 2+1
- Bathrooms
- 2+0
- Cars
- 239
Details
Updated on Nov 06, 2026
| Property Type: | Dual Key |
|---|---|
| Price: | $ 952,200 |
| Land Price: | $ 475,000 |
| Build Price: | $ 477,200 |
| Gross Per Week: | $ 1050* |
| Gross Per Annum: | $ 54,600 |
| Gross Yield: | 5.73% |
| Capital Growth 12 Months: | 7.73% |
| 10Yr Annualised Growth: | 4.14% |
| Vacancy Rate: | 3.13% |
| Property Size: | 239 m2 |
| Land Area: | 480 m2 |
|---|---|
| Bedrooms: | 4+2 |
| Bathrooms: | 2+1 |
| Parking: | 2+0 |
| Title Status: | Titled |
| Property ID: | 43847 |
| SKU: | 1029 |
Description
This Dual Key property in the Armstrong Waters Estate in Armstrong Creek gives investors two self-contained homes under one roof on titled land, ready to build now. The main dwelling has 4 bedrooms, 2 bathrooms and a double garage, while the secondary dwelling offers 2 bedrooms plus a study, 1 bathroom and its own entry and courtyard, for 6 bedrooms and 3 bathrooms in total. The single-storey home has 239 m2 of combined house area on a 480 m2 lot, with each dwelling getting its own kitchen, living area and laundry. With two separate rental incomes from one titled lot, it suits investors looking for a stronger combined yield in the Geelong growth corridor.
Armstrong Creek is one of the main growth areas in the City of Greater Geelong, around 10 km south of the Geelong CBD, with new residential communities continuing to take shape across the suburb. The Surf Coast Highway and the Geelong Ring Road connect residents to central Geelong, Torquay and the Princes Freeway for the run to Melbourne. New schools, the Armstrong Creek Town Centre, parks and sporting facilities continue to be delivered as the suburb's estates mature. Steady population growth and strong demand for modern rental housing make Armstrong Creek a sound choice for investors seeking long-term rental demand and capital growth.
Dual Key properties stand as a prime choice for investors seeking innovative solutions to maximise 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
PACKAGE
LAND
| HOME
DUAL KEY LAYOUT
|
Inclusions
TURNKEY INCLUSIONS
KITCHEN
| INTERNAL FINISHES
|
Floor plans
Forecasted value over 20 Years
Forecasted value is based on the 10 Year annualised growth.
Address
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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.