13 Coverley Drive, Collie WA 6225

3-bedroom brick home | 720m² block | Collie | heritage overlay applies This property offers a rare combination of a solid 1980s brick home on a generous 720m² lot in a tightly held Collie street where 95% of properties are owner-occupied and 78% of residents are long-term. For a buyer, that means stable neighbourhood character and limited turnover—both positive signals for capital stability. The 101-105m² floorplan is modest but functional, with air conditioning, a shed, and full fencing already in place. It suits first home buyers or those seeking a low-maintenance entry into Collie’s market without needing immediate renovation. The 14% building coverage leaves meaningful yard space for future expansion or landscaping, and the absence of bushfire or flood overlays reduces insurance and compliance burden. NBN Fibre to the Node and 4G coverage support remote work capability, though these are not prime value drivers. The heritage overlay is the primary risk here and cannot be ignored—it may restrict external modifications, fencing changes, or even paint colours without council approval, which directly affects renovation scope and resale flexibility. Buyers should budget for a heritage impact assessment before purchase. The single living area and one bathroom limit appeal to families or tenants beyond a small household, and the rental yield of $540-$625 per week sits below some newer stock. However, Collie’s median sale price of $460,000 and 96 sales this year indicate steady transaction volume. The property’s value midpoint of $526,000 suggests room for negotiated entry below that figure. Hold this property as a long-term residential holding; the land component offers more future leverage than the house itself.