Turning an Odd-Shaped Lot Into an 8% Yield Investment in Alkimos

When most investors look at an odd-shaped block of land, they immediately assume the best option is to build a standard four-bedroom family home. That’s exactly what my client, Agus, was told by multiple people when he purchased a lot in Alkimos, Perth.

Every builder and advisor he spoke to pushed the same advice:

“Just build a cookie-cutter 4x2. You’ll get $600–$650 per week rent, and that’s as good as it gets.”

But at Heaps Good Homes, we don’t believe in cookie-cutter solutions.

Looking Beyond the “Standard” Approach

Agus came to us frustrated because he wanted something more than the average return. He knew Alkimos was a growing lifestyle location and wanted a property that could deliver both strong cash flow now and flexibility for the future.

Instead of following the herd, we reimagined what his block could do. For just around $70,000 more than the cost of a typical four-bedroom build, we designed a dual-key property.

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The Result: 8% Rental Yield

That small difference in upfront cost completely transformed the outcome:

• Standard 4x2 → $600–$650 per week rent (around 4–4.5% yield)
• Our Dual-Key Design → $1,100 per week rent (7.5–8.5% yield)

Within just three weeks of hitting the market, the property was fully leased — proof that demand for smart, high-yield properties is strong.

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Flexibility Built In

Agus originally hesitated about the dual-key option. His concern?
“What if one day I want to live there myself?”

That’s where design strategy comes in. We created a floor plan that’s dual-key today for maximum rental income, but easily adaptable into a single-family home later. With a small adjustment, the firewall can be opened up to create one seamless home.

That means:

• Cash flow today: strong weekly rent that supports his portfolio.
• Lifestyle tomorrow: a beautiful family home in a beachside suburb if he chooses to move in.

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A True Win-Win Outcome

Agus now enjoys 8.5% rental yield on his total purchase price while still holding a property that suits his long-term lifestyle plans. He didn’t just build another average 4x2 — he built a strategic investment that works harder for him.

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The Takeaway for Investors

This case study is a reminder that you don’t have to settle for “cookie-cutter” advice. With the right strategy, even an odd-shaped block can become a top-performing asset.

At Heaps Good Homes, our goal is to create win-win outcomes: properties that deliver exceptional returns today while still offering flexibility for tomorrow.

👉 Thinking about building or investing?
Before you follow the crowd, let’s explore how a smarter design could help you achieve higher yields and long-term flexibility.

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