Lot 116 Sabino Street, Armstrong Creek VIC 3217 (A)
Armstrong Creek, Greater Geelong, VIC, Australia, 3217$ 895,780
- Dual Key
- Property Type
- 3+2
- Bedrooms
- 2+1
- Bathrooms
- 2
- Cars
- 204
Details
Updated on Oct 23, 2026
| Property Type: | Dual Key |
|---|---|
| Price: | $ 895,780 |
| Land Price: | $ 455,000 |
| Build Price: | $ 440,780 |
| Gross Per Week: | $ 970* |
| Gross Per Annum: | $ 50,440 |
| Gross Yield: | 5.63% |
| Capital Growth 12 Months: | 7.73% |
| 10Yr Annualised Growth: | 4.14% |
| Vacancy Rate: | 3.13% |
| Property Size: | 204 m2 |
| Land Area: | 480 m2 |
|---|---|
| Bedrooms: | 3+2 |
| Bathrooms: | 2+1 |
| Parking: | 2 |
| Title Status: | Titled |
| Property ID: | 42473 |
| SKU: | 1073 |
Description
This dual key property in Armstrong Creek 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 480 m2 lot with a 16 m frontage in the Palomino 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 $895,780, with $455,000 for the land and $440,780 for the build, and combined indicative rent of about $970 per week across both dwellings gives a gross yield of 5.63%.
Armstrong Creek is a suburb in the City of Greater Geelong, on the southern side of Geelong in Victoria. The Palomino 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 5.63%.
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
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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.