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Profitable Collie Gem Awaits
Situated in the bustling heart of Collie, this exquisite three-bedroom, one-bathroom character home is a symphony of elegance, comfort, and modernity, seamlessly blending the charm of yesteryear with today's conveniences. Lavishly renovated, this property is tailor-made for buyers yearning for a stress-free, low-maintenance lifestyle, or astute investors keen to harness an impressive rental yield of $580 per week from both the home and the adjoining commercial land.
Upon stepping inside, you're greeted by a harmonious blend of old-world charm and contemporary upgrades. The home boasts a rejuvenated kitchen that is a culinary enthusiast's dream. It features sleek, modern cabinetry and appliances, and a thoughtfully designed serving window that fosters effortless interaction with guests in the expansive living room. The bathroom is meticulously updated, compact yet fully equipped with all necessary amenities. Throughout the home, enhancements such as updated electrics, flooring, window treatments, and paintwork breathe new life into the space, merging timeless aesthetics with modern style.
The home retains its traditional allure with a welcoming open entrance, high ceilings that add a sense of grandeur, and spacious rooms at every turn that promise comfort and functionality. The three substantial bedrooms each offer generous square footage, while the grand living area serves as the heartbeat of the home, perfect for both intimate family gatherings and lively celebrations.
The exterior complements the home's stunning interior with contemporary cladding and meticulously maintained, low-maintenance gardens that offer both beauty and simplicity. Fully fenced for privacy and safety, the grounds include secure parking through the rear lane and recently revamped roofing, promising peace of mind.
An investor's dream, this property offers an exciting dual-source rental income opportunity. The main residence and its fenced yard generate a substantial $470 per week. Meanwhile, the adjacent commercial yard contributes an additional $110 per week, an attractive feature for those seeking a diversified income stream. This arrangement is a hidden gem of the property, with its zoning for mixed-use allowing for exploitative engagement beyond the residence itself. This culminates in a robust monthly rental return of $3,320, translating to an appealing yield of approximately 7%.
Extra amenities include built-in robes for ample storage, three reverse cycle air conditioners ensuring year-round comfort, dual toilet facilities for added convenience, an outdoor enclosed laundry enhancing space efficiency, insulation in the walls and ceiling space, and ceiling fans circulating refreshing breezes throughout, all contributing to a lifestyle of ease and luxury.
Resting on a sprawling 999 sqm block, this jewel is centrally located for utmost convenience. Enjoy a short, leisurely stroll to nearby shopping essentials, the local high school, and the town's public swimming pool. Engage in diverse recreational pursuits in the variety of family-focused activities, such as an assortment of parks and recreational areas of all shapes and sizes, or unwind along the picturesque Collie River, where serene natural landscapes offer the perfect escape.
This property is more than a home; it's a lifestyle investment, a blend of serene living and lucrative opportunity, waiting to enrich its next owner in the thriving community of Collie. Don't miss the chance to explore this exceptional offering that sets a new standard for comfortable, stylish, and smart living.
Property Features
• 3 Bedroom, 1 Bathroom, 2 Toilets
• Character Home with modern renovations
• 3 Reverse Cycle Air Conditioners
• Duel Rental Income opportunity of $580.00 P/W
• Zoned Mixed use for Multiple purposes
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
Property snapshot by reiwa.com
This property at 20 Forrest Street, Collie is a three bedroom, one bathroom house sold by Matt Blackford at Elders Real Estate South West on 22 Oct 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: $1,758 / year
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Water rates: $1,564 / 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
$290k
26.3 %
Annual growth
$365k
Annual median sales price
$530pw
Annual median rental price
