12 Millhouse Close, Farley NSW 2320

Delivering immediate returns without the usual groundwork, this dual key residence presents a ready-made investment in a high-growth pocket of Farley. 

Located on a 540-square-metre block, Millhouse Close presents an established income stream for savvy investors, with combined weekly rents of $1,180.

Residence 1 currently yields $650 per week, while the secondary dwelling earns $350, with both leases secured until October which provides investors with immediate stable returns.

“The dual-key design is a standout in any investment portfolio,” Valley Estate Agents’ Alana Barker said.

“These properties generate a powerful yield, making them hard to beat as an income-producing asset.”

Built in late 2025 and set on a generous block, the near-new property has been purpose-designed to accommodate two fully self-contained homes under one roof.

Each residence enjoys its own private entry, parking, outdoor space and independent living, creating two distinct income streams within a single, low-maintenance asset. 

For investors, the advantages are clear. 

There are no construction delays, no initial wear and tear, and no uncertainty as it is simply a modern, completed property already positioned to perform from day one. 

Residence one | Four bedrooms, two bathrooms, double garage 

The primary dwelling offers a spacious, thoughtfully planned layout that promotes comfortable, long-term living. 

At its centre, open-plan living and dining connect effortlessly with a well-appointed kitchen featuring an island bench, quality appliances and generous storage. 

Natural flow continues through to a covered alfresco and private backyard, providing an inviting extension of the living space and an appealing feature for tenants seeking both indoor and outdoor lifestyle. 

The master suite is privately positioned and includes a walk-in wardrobe and ensuite, while the remaining bedrooms are fitted with built-in robes and serviced by a central bathroom. 

This separation of zones within the home enhances both privacy and practicality. 

Ducted air conditioning, internal garage access and durable contemporary finishes further elevate the home’s everyday functionality while the upkeep is minimal. 

Residence two | Two bedrooms, one bathroom, single parking space 

The secondary dwelling mirrors the same modern presentation in a more compact, efficient form. 

Open-plan living and dining sit alongside a functional kitchen, creating a comfortable, easy-care environment suited to singles, couples or small families. 

Both bedrooms include built-in wardrobes and are positioned close to the main bathroom. 

A split-system air conditioner ensures year-round comfort, while the private entry, designated parking space and its own backyard maintain a sense of independence from the main residence. 

Positioned in the growing suburb of Farley, it places the property close to local schools, shops and transport links into Maitland and Newcastle. 

Due to ongoing development and infrastructure surrounding the area, it will remain a suburb that sits firmly on the radar for investors seeking both stability and long-term growth. 

For more property stories:

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• NSW Fair Trading suspends real estate licence of Lake Mac’s Anthony Di Nardo
• $1b worth of Newcastle projects assessed

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