Sold
117 Prinsep Street North, Collie WA 6225
Sold price: $360,000
Sold: 24 Jul 2024
Sold
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3 Bedrooms
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2 Bathrooms
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2 Cars
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Landsize 725m2
House
View
MAKE MONEY ON YOUR MONEY!!
Calling all savvy investors! This meticulously maintained 3-bedroom, 2-bathroom, character home in the heart of Collie is a golden opportunity not to be missed. With a generous weekly rent return of $550, offering a rent yield of almost 8%, this property is a cash cow waiting to be milked.
Step inside and be awed by the timeless features of high ceilings, gleaming polished floorboards, and a charming built-in fireplace. The kitchen and main bathroom have been tastefully renovated, seamlessly blending old-world charm with modern convenience. The addition of a second bathroom/laundry/toilet, reverse cycle air conditioning, and other updates ensure that this home is not only stylish but also comfortable and functional.
Recent upgrades have further enhanced the property, including a full restumping, new front veranda, energy-efficient solar panels, a rear patio perfect for outdoor entertaining, and external cladding for added durability. The house is fully insulated for year-round comfort, and additional features such as a formal dining room, a spacious lounge area, a workshop, and a garden shed provide ample space for various activities and storage needs.
Situated on a generous 725 sqm* block with convenient side access, this home is ideally located within walking distance to shopping centers, amenities, local sports facilities, and a renowned primary school, making it not only a lucrative investment but also a highly desirable rental property. With plenty of space to park a boat or caravan, this property caters to a wide range of tenants, ensuring a steady stream of rental income for years to come.
In the ever-growing market of Collie, this investor's dream property presents a rare opportunity to make money on your money. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer exploring the world of real estate investment, this home offers the perfect balance of charm, convenience, and profitability.
Don't let this opportunity slip through your fingers - seize the chance to secure a high-yielding investment property in one of Collie's most sought-after locations. Arrange a viewing today and discover the endless possibilities that await you in this income-generating gem.
DOT POINTS
• 3 Bedroom, 2 Bathroom
• Reverse cycle air conditioning and wood fire heating
• Workshop
• Solar panels
• Situated in the heart of Collie.
Buyers Note: All measurements/dollar amounts are approximate only and generally marked with an * (Asterix) for reference. Boundaries marked on images are a guideline and are for visual purposes only. Buyers should complete their own due diligence, including a visual inspection before entering into an offer and should not rely on the photos or text in this advertising in making a purchasing decision.
Property features
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Air conditioned
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Carports
2
Property snapshot by reiwa.com
This property at 117 Prinsep Street North, Collie is a three bedroom, two bathroom house sold by Matt Blackford at Elders Real Estate South West on 24 Jul 2024.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Collie or see other recently sold properties in Collie.
Cost breakdown
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Council rates: $6,424 / year
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Water rates: $1,525 / year
Nearby schools
Collie overview
The townsite of Collie is located 202 kilometres south southeast of Perth and about 50 kilometres east of Bunbury. It is situated on the Collie River after which it is named. The river, which rises in the Darling Range and flows into Leschenault Estuary near Bunbury, is named after Dr Alexander Collie who was a Royal Navy surgeon that discovered the river in 1829.
Collie is a coal mining town with the coalfields developed in the late 1890s, and land set aside for a townsite. The name Collie was generally used from the beginning, and when lots were surveyed and the townsite gazetted in December 1897, it was named Collie.
Life in Collie
Surrounded by forests, rivers and lakes, Collie is a modern thriving community with country charm and hospitality. Collie offers shopping facilities, with two supermarkets, gift shops and a range of specialty stores. There are two medical practices and dental surgeries, and allied health services including physiotherapist, chiropractors, podiatrist and Silver Chain which all support the Collie District Hospital.
There is a range of sporting clubs and associations based in Collie, which has become a mountain biking hub in recent years. Collie has five primary schools including Allanson Primary School, Fairview Primary School, Amaroo Primary School, Saint Brigid's Catholic College and Wilson Park Primary School, and one high school - Collie Senior High School.
Collie quick stats
High end
$420k
Median
$365k
Low end
$289k
27.2 %
Annual growth
$365k
Annual median sales price
$532pw
Annual median rental price
