Lot 112 New Road Millfield Rise, Millfield NSW

Millfield, Hunter Valley, NSW, 2325

$ 1,025,980

Millfield, Hunter Valley, NSW, 2325
Lot 112 New Road Millfield Rise, Millfield NSW-0
Lot 112 New Road Millfield Rise, Millfield NSW-1

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Lot 112 New Road Millfield Rise, Millfield NSW-0 Lot 112 New Road Millfield Rise, Millfield NSW-1

Overview

Property ID: LA-17450

  • Dual Occupancy
  • Property Type
  • 3+2
  • Bedrooms
  • 2+1
  • Bathrooms
  • 1+1
  • Cars
  • 210

Details

Updated on Aug 27, 2025 at 02:37 pm

Property Type: Dual Occupancy
Price: $ 1,025,980
Land Price: $ 389,888
Build Price: $ 636,092
Gross Per Week: $ 1,000
Gross Per Annum: $ 52,000
Gross Yield: 5.06%
Capital Growth 12 Months: 8.33%
Capital Growth 10 Year Annualised: 8.41%
Vacancy Rate: 1.53%
Property Size: 210 m2
Land Area: 756 m2
Bedrooms: 3+2
Bathrooms: 2+1
Parking: 1+1
Title Status: September 2025
Property ID: 17450
SKU: 1011

Description

This impressive dual occupancy property in Millfield presents a versatile investment opportunity, combining modern living spaces with high-quality finishes. With two independent dwellings on one lot, it maximises rental income potential while offering flexible living arrangements for tenants. Both residences feature open-plan designs, practical layouts, and stylish inclusions, ensuring long-term tenant appeal and investor confidence.

Suburb profile:

Located in the picturesque Hunter Valley, Millfield offers a rare combination of rural tranquillity and access to key regional centres. Surrounded by vineyards, open countryside, and community-focused living, Millfield provides residents with a peaceful lifestyle while remaining close to Cessnock, Maitland, and Newcastle. Its proximity to renowned wineries, schools, and local amenities makes it attractive to families, professionals, and investors alike. The area is experiencing steady demand, supported by regional infrastructure and lifestyle appeal, enhancing its long-term investment potential.


Inclusions:

  • Full turnkey finish
  • Fully fenced, turfed and landscaped
  • Colorbond roof
  • 2550mm high ceilings
  • 600mm stainless steel kitchen appliances
  • 20mm manufactured stone benchtops
  • Reverse cycle split system air-conditioning to living and main bedroom
  • Roller blinds throughout (excluding wet rooms)
  • Ceiling fans to bedrooms
  • Undercover tiled alfresco area

Site Inclusions - Site Works, Foundations & Connections:

  • Engineer designed concrete slab to H2 standard with bulk piering
  • Termite treatment to slab penetrations and perimeter barrier
  • Sewer and stormwater connections
  • Water and electrical mains connections
  • House constructed for N2 wind rating conditions

Preliminary Inclusions:

  • HIA fixed site works
  • Plans and specifications
  • Engineers soil report and slab design
  • Council building application fees

Internal Inclusions:

  • Soft close cabinetry throughout
  • Laminate finish cupboards with door handles from builder’s range
  • Wall-hung vanities with stone benchtops
  • 900mm high mirrors above vanities
  • White acrylic back-to-wall bath
  • Carpet to bedrooms and main living areas
  • Tiled splashbacks and wet areas

External Inclusions:

  • Powder coated aluminium windows with locks
  • Auto sectional garage doors with remotes
  • Colorbond fascia and gutters
  • Brickwork from builder’s standard range

Landscaping Inclusions:

  • Up to 70m Colorbond fencing with gate
  • Coloured concrete driveway, front path and porch
  • 300m² of A-Grade turf
  • Garden bed with paver edge, plants and mulch

Electrical Inclusions:

  • LED downlights throughout
  • Ceiling fans with lights to all bedrooms
  • Smoke detectors with battery backup
  • Pre-wired for phone and TV points
  • USB power point in kitchen

Appliance Inclusions:

  • 600mm under-bench oven
  • Electric ceramic cooktop
  • Stainless steel slide-out rangehood
  • Freestanding dishwasher

Energy Efficiency:

  • Bulk ceiling insulation R2.5
  • Double-sided foil wall wrap
  • Energy-efficient aluminium windows
  • 1.8kW solar system
  • Electric hot water system

Warranties:

  • 6-month maintenance period
  • Statutory structural guarantee

This dual occupancy property represents a strong investment option, providing two independent rental streams on one lot with high-quality inclusions and a prime Hunter Valley location. Its versatile design and turnkey finish make it an attractive choice for investors seeking reliable returns and long-term growth potential.

Investors looking to optimise land use and amplify their investment portfolio will find great value in Dual Occupancy Properties.

These properties cleverly accommodate two independent dwellings on a single parcel of land, effectively doubling the potential for rental income.

The design caters to a broad market, including extended families and tenants seeking spacious living options, thereby increasing the property's rental appeal.

The strategic configuration of these properties allows investors to capitalise on the growing demand for versatile housing solutions in both urban and suburban settings.

Disclaimer*

All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.

Address Lot 112 New Road Millfield Rise, Millfield NSW
City Hunter Valley
State NSW
Postcode 2325
Suburb Millfield

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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.

SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.

This property is a single-contract property suitable for an SMSF.

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