Lot 129 Masked Owl Chase, Millfield NSW

Cessnock, NSW, 2325

$ 1,210,451

Cessnock, NSW, 2325
Lot 129 Masked Owl Chase, Millfield NSW-0

Property Images

Lot 129 Masked Owl Chase, Millfield NSW-0

Overview

Property ID: LA-25889

  • Dual Occupancy
  • Property Type
  • 3+2
  • Bedrooms
  • 2+1
  • Bathrooms
  • 1+1
  • Cars
  • 231

Details

Updated on May 27, 2026 at 04:02 pm

Property Type: Dual Occupancy
Price: $ 1,210,451
Land Price: $ 468,888
Build Price: $ 741,563
Gross Per Week: $ 1,050
Gross Per Annum: $ 54,600
Gross Yield: 4.51%
Capital Growth 12 Months: 11.72%
Capital Growth 10 Year Annualised: 9.67%
Vacancy Rate: 1.91%
Property Size: 231 m2
Land Area: 756.4 m2
Bedrooms: 3+2
Bathrooms: 2+1
Parking: 1+1
Title Status: Titled
Property ID: 25889
SKU: 1011

Description

This modern Dual Occupancy in Millfield delivers a compelling opportunity for both investors and homeowners. Featuring 3+2 bedrooms, 2+1 bathrooms and 1+1 car space/s, it is designed to maximise space, comfort and functionality. Its contemporary design ensures low maintenance while maintaining strong visual appeal. Located in a high-growth area, it supports both steady rental income and long-term appreciation. A property built with both practicality and performance in mind.


Suburb profile:

Millfield is a peaceful semi-rural suburb in the Hunter Region, prized for its relaxed country atmosphere, scenic surroundings, and strong sense of community. Located near Cessnock and the Hunter Valley wine region, residents enjoy convenient access to wineries, local cafes, schools, parks, and essential shopping amenities while still benefiting from a quieter lifestyle setting. The suburb appeals to families and investors seeking larger land sizes, affordable housing opportunities, and easy connectivity to Newcastle, Maitland, and surrounding employment centres. With increasing buyer interest in lifestyle-oriented regional locations, Millfield continues to attract attention for its long-term growth potential and strong rental appeal.


Inclusions:

  • Full Turnkey finish
  • Colorbond roof
  • 20mm manufactured stone kitchen benchtop
  • Cold water to fridge space
  • 600mm stainless steel kitchen appliances
  • Roller blinds throughout (excluding wet rooms)
  • Reverse cycle split system air-conditioner in living and main bedroom
  • 2550mm high ceilings
  • Ceiling fans to bedrooms
  • Approximately 1.8kW solar power system
  • Undercover tiled alfresco area
  • Fully fenced, turfed & landscaped

This Dual Occupancy in Millfield delivers a combination of modern comfort and investment strength. Its thoughtful design and strategic location make it a valuable option for buyers seeking both performance and practicality. An opportunity worth considering.

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.

Floor plans

floor_plan.png
Address Lot 129 Masked Owl Chase, Millfield NSW
City Cessnock
State NSW
Postcode 2325
Suburb N/A
Estate Millfield Rise

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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.

SMSF Single Contract

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