FOR SALE
Offers Over $419,000

20 Forrest Street
Collie WA 6225

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 999m2
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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
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Property Details for 20 Forrest St, Collie

20 Forrest St, Collie is a 3 bedroom, 1 bathroom House. The property has a land size of 999m2. The place is currently for sale with Elders Southern Districts Estate Agency Collie.

Building Type
House
Land Size
999m2

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About Collie 6225

The size of Collie is approximately 53.4 square kilometres. It has 25 parks covering nearly 43.6% of total area. The population of Collie in 2011 was 7,962 people. By 2016 the population was 7,578 showing a population decline of 4.8% in the area during that time. The predominant age group in Collie is 60-69 years. Households in Collie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Collie work in a trades occupation. In 2011, 73.4% of the homes in Collie were owner-occupied compared with 71.8% in 2016.

Collie has 4,342 properties. Over the last 5 years, Houses in Collie have seen a 137.88% increase in median value, while Units have seen a 116.63% increase. As at 30 September 2024:

  • The median value for Houses in Collie is $363,622 while the median value for Units is $274,455.
  • Houses have a median rent of $475 while Units have a median rent of $320.
There are currently 47 properties listed for sale, and 3 properties listed for rent in Collie on OnTheHouse. According to CoreLogic's data, 257 properties were sold in the past 12 months in Collie.

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Matt Blackford
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