Lot 112 New Road Millfield, NSW

“Millfield Dual-Dwelling Investment – $950/wk Rent, 4.7% Yield & 11.9% Growth Outlook”

Property analysis by:

Investment Highlights

• Priced at $1,025,980 with appraised rental income of $950 per week (~$48,708 p.a.).
• Dual-dwelling configuration: separate living spaces designed to capture dual rental demand.
• Gross yield: 4.7% based on current rental appraisal.
• 11.9% 10-year average capital growth – one of the strongest growth profiles in regional NSW.
• Vacancy rate: just 1.4%, ensuring strong tenant demand.
• Delivered as a full turnkey package with high-quality inclusions and landscaping.

Key Financials

Purchase price: $1,025,980 (Land $389,888 + Build $636,092)
Configuration: Dual-Dwelling House (separate layouts under one roofline)
Land size: 756 m² | House size: 142.5 m²
Rental appraisal: $950 per week (~$48,708 p.a.)
Gross yield: 4.7%
Vacancy rate: 1.4% (Millfield)
10-year avg. capital growth: 11.9% p.a.
Cashflow: approx. -$237 per week pre-tax (mitigated by depreciation & growth outlook)

Location & Growth Drivers

Millfield, part of the Hunter Valley region, has rapidly emerged as a lifestyle-driven growth hotspot. The suburb boasts a median house price of $857,000 and 7.4% annual price growth, outpacing the wider Hunter Valley average.

With a population increase of 36.7% over the past five years and extremely low crime levels, Millfield appeals strongly to families, retirees, and professionals seeking affordability, tranquility, and access to nearby Cessnock (13km away). Its combination of country charm, strong community culture, and strategic location within NSW’s wine region underpins long-term demand.

Build Specification (Turnkey Dual-Dwelling)

• Dual-dwelling house with separate rental-ready layouts.
• 2550mm ceiling height with modern design and open plan living.
• 20mm manufactured stone kitchen benchtops.
• Stainless steel kitchen appliances (600mm set).
• Reverse cycle/split system air-conditioning in living and main bedroom.
• Approx. 1.8kW solar power system for energy efficiency.
• Roller blinds, ceiling fans, Colorbond roof.
• Undercover tiled alfresco area, fully fenced, turfed & landscaped.

Why This Deal Stacks Up

1. Dual-income potential: Designed to cater to two separate tenant groups under one roof.
2. High-growth region: 11.9% 10-year average growth in Millfield surpasses wider Hunter Valley.
3. Tenant demand: 1.4% vacancy rate underscores the suburb’s rental tightness.
4. Community appeal: Safe, family-friendly suburb with lifestyle and tranquility advantages.
5. Turnkey package: Fixed-price build ensures investors face no hidden costs.

Risks & Mitigations

• Cashflow negative: Approx. -$237/wk pre-tax. Mitigated by strong capital growth and depreciation benefits.
• Transport limitations: Limited public transport in Millfield. Mitigated by strong car ownership and highway access to Cessnock/Newcastle.
• Regional reliance: Economy tied to Hunter Valley industries. Mitigated by tourism, wine industry, and proximity to Newcastle employment hub.