28 Wylam Road, Collie WA 6225

Built 1953 fibro-iron construction | 728m² block in established North Collie | Heritage overlay present | Positioned for first-home and investor entry Property Configuration and Physical Characteristics A 3-bedroom, 1-bathroom house with 164m² of floor space sits on a 728m² corner block with drive-through side access. The fibro-iron construction includes a powered 4×8 metre shed and established gardens. There is a single car space with open parking available. Ground elevation is 221m with a roof height of 8m. Building coverage is 23% of the lot, leaving substantial outdoor space potential. Market Positioning and Buyer Segments The property targets first-home buyers and investor portfolios seeking entry-level acquisition in a regional market. The asking price of $475,000 with an estimated value around $499,000 suggests pricing competitiveness relative to comparable properties. The heritage overlay indicates historical significance and may impose renovation restrictions, requiring council approval for modifications. This creates both constraint and appeal to heritage-conscious buyers. Location and Accessibility Located in North Collie near educational facilities, with proximity to St Brigid’s School and Collie Senior High School. The property lies within the Collie local government area on residential-zoned land. Infrastructure includes reliable NBN Fibre to the Node and 4G mobile coverage. No bushfire or flood overlays are detected, reducing natural disaster risk exposure. The neighbourhood maintains a stable residential character. Rental Income and Investment Metrics Weekly rental yield is estimated at $575, with a range between $530 and $620 per week. This translates to approximately 6.1% gross annual yield on the asking price of $475,000, indicating a moderate-performing investment in the regional market. Rental demand aligns with established residential demand patterns in the area. Market Dynamics and Growth The property remains listed in a market showing active interest at the $475,000 price point. The region’s demand for affordable entry properties remains steady, with performance influenced by local employment and economic conditions. The heritage designation provides value for heritage-focused buyers, while potentially extending time-to-sale compared with non-heritage properties. Risks, Constraints, and Opportunities Age and fibro-iron construction may entail maintenance considerations. The heritage overlay restricts renovation scope and requires heritage approvals, potentially limiting modernisation options and increasing modification costs. A single bathroom may limit appeal to larger families. Limited parking could constrain households with multiple vehicles. Growth opportunities include renovation or extension within heritage guidelines and potential for secondary dwelling or other uses if zoning permits, leveraging the block size and drive-through access.