LOT 1317 – FORMOSA STREET, HIDDEN VALLEY
Milano Auxiliary Home | 3 + 2 Bedrooms | 500m² | House & Land $905,000 + Stamp Duty on Land
For investors looking for a brand-new property designed to deliver more than a traditional single-income house and land package, the Milano deserves attention.
Positioned on a manageable 500m² allotment in Yeppoon on the beautiful Capricorn Coast, this purpose-designed auxiliary home incorporates a three-bedroom primary residence alongside a separate two-bedroom secondary residence, creating excellent flexibility and the potential for multiple rental income streams.
Based on the current rental appraisal, the two-bedroom component is estimated to achieve approximately $580–$620 per week, while the three-bedroom component is estimated to achieve approximately $620–$680 per week.
Together, this represents an impressive potential combined rental return of approximately $1,200–$1,300 per week, or approximately $62,400–$67,600 per annum before expenses.
At a house and land package price of $905,000 plus applicable stamp duty on the land component, this equates to an indicative gross rental yield of approximately 6.9%–7.5% per annum before expenses.
Importantly, this property is not a traditional duplex. It is an auxiliary home designed as one dwelling with one rates notice, while providing separate living functionality that allows the property to work harder for an investor.
Primary Residence
- Master bedroom complete with private ensuite and built-in robe, giving occupants their own dedicated retreat.
- Two additional bedrooms with built-in robes, providing practical storage and tenant-friendly functionality.
- Generous open-plan living and dining area with aircon, creating a spacious central hub for everyday living.
- Well-appointed kitchen with 20mm engineered stone bench tops, pantry, dishwasher and modern cooking appliances.
- Main bathroom with step-free shower, designed with functionality and accessibility in mind.
- Separate internal laundry for everyday convenience.
- Single lock-up garage providing secure off-street parking.
- Generous covered outdoor patio, extending the living space and creating an inviting area to relax or entertain.
- Approximately 129.67m² total area, including 89.89m² of living, 23.08m² garage, 14.72m² patio and 1.98m² porch.
Secondary Residence
- Two bedrooms, both with built-in robes for practical storage.
- Separate open-plan living and dining area with aircon.
- Dedicated kitchen with 20mm engineered stone bench tops, pantry, dishwasher and cooking facilities.
- Main bathroom with step-free shower, designed with functionality and accessibility in mind.
- Separate internal laundry, creating greater independence between the two components.
- Single lock-up garage, providing secure parking for the secondary residence.
- Private covered outdoor patio, giving occupants their own outdoor living space.
- Approximately 93.30m² total area, including 55.95m² of living, 25.29m² garage and 12.06m² patio.
The Milano provides an impressive 222.97m² of total house area, making clever use of its 500m² allotment while still providing individual living areas, kitchens, laundries, garaging and outdoor spaces. The actual Lot 1317 plan also shows separate hot-water systems and air conditioning to each living component.
Turnkey & Ready for Tenants
For a busy investor, one of the Milano's biggest advantages is that the package is designed to be ready for the rental market on completion, helping remove many of the additional jobs and expenses that can come with a basic house and land package.
The CJ Homes turnkey package includes:
- Fixed-price building contract*
- Site works as shown on the plan
- Full turf
- Full fencing
- Exposed aggregate driveway and porch
- Clothesline
- Letterbox
- Vertical blinds
- Tiles to main living areas
- Carpet to bedrooms
- 20mm engineered stone kitchen bench tops
- Stainless-steel kitchen appliances including dishwasher
- Reverse-cycle air conditioning to main living areas
- Ceiling fans as shown on plan
- LED lighting
- Termite protection
- 7-star energy rating assessment
- Product manufacturer warranties
- 12-month non-structural maintenance period
- 6½-year structural warranty
Designed With Investors in Mind
Beyond the potential rental return, the Milano offers several practical features that make sense from an investment perspective.
CJ Homes has advised that the auxiliary-home packages provide individual hot-water systems to the separate components, one main water meter connection and water sub-meters, allowing an investor to monitor water consumption between the separate living arrangements.
The home is also brand-new, offering the advantage of modern construction, lower initial maintenance requirements and new-home warranties, helping minimise some of the maintenance and unexpected repair concerns that can come with purchasing an older investment property.
Eligible new construction and assets may also provide potential depreciation benefits, subject to the purchaser obtaining their own advice from an accountant or quantity surveyor.
Why Invest in Yeppoon & the Capricorn Coast?
Yeppoon is the coastal hub of the Capricorn Coast, combining beautiful beaches and an enviable lifestyle with established shopping, schools, health services, cafés, sporting facilities and convenient connectivity to Rockhampton.
For investors who aren't familiar with the region, it's also important to look beyond the lifestyle.
Livingstone Shire continues to plan for population growth, increased housing demand and future residential development, with significant infrastructure investment underway to support the expanding community.
Hidden Valley has been identified as an important residential growth area, while projects such as the East West Connector are intended to improve connectivity and support the release of future housing supply.
For an investor, this means this Lot offers more than just a new house. It combines potential multiple rental income streams, brand-new turnkey construction and a growing Capricorn Coast location within one strategically designed property.
Contact Natalie and the team today for further information.
*Rental figures and indicative yields are estimates only, based on current rental appraisal information and package pricing, and are subject to market conditions and final configuration. Package inclusions are subject to final plans, specifications and building contract. Buyers should obtain independent financial, legal, taxation and depreciation advice.
