49 Coombes Street, Collie WA 6225

Renovated 1918 weatherboard | 3 bed, 2 bath configuration | Flood overlay present | Rapid recent appreciation This property presents a compelling, high-growth renovation play in a regional centre, having undergone a comprehensive modernisation that delivers contemporary living within a classic period envelope. The significant capital improvement from its 2024 sale price is validated by its current alignment with the mid-range market valuation, indicating the renovation has been effectively capitalised. This house now serves as a turnkey proposition for an owner-occupier seeking character with modern functionality, or an investor attracted by the estimated strong rental yield, with the work of re-stumping, re-wiring, and re-plumbing already complete. The primary decision point is the identified flood overlay, a tangible risk that necessitates immediate due diligence via council flood studies and potential insurance cost assessment. The large, dilapidated workshop represents either a holding cost for removal or a future opportunity for value-add if redeveloped, subject to local planning codes. Given its under-offer status and the demonstrated velocity of sales in this market, a buyer’s position is one of contingent readiness; proceed only with full flood risk understanding, otherwise the commercial logic supports this as a low-maintenance hold with reliable connectivity for either tenancy or residence.