10 Elder Court, Collie WA 6225
10 Elder Court, Collie WA 6225
Detached house on a quiet cul-de-sac | Likely older character stock on a generous lot | Family-oriented suburb with solid rental demand | Renovation potential is the main draw | Low-density regional setting
This property sits comfortably within Collie’s dominant housing pattern: a detached house on a substantial residential lot, likely with the kind of yard space, parking, and outdoor utility that families and regional buyers actively seek. The older character of the local stock—high ceilings, fireplaces, established gardens—gives this house a genuine point of difference over newer, plainer builds. For a buyer willing to update finishes or modernise selectively, there is real scope to build equity through renovation. It suits an owner-occupier wanting space and charm, or an investor attracted to the area’s steady rental demand and moderate entry price.
The main value considerations centre on the condition of the original fabric and how much updating the interior may need. Older homes in this area often carry maintenance responsibilities, from roofing to electrical systems, which might affect your budget beyond the purchase price. Land size and whether the lot offers side access or shed space will also shape its appeal, as will the street’s quiet positioning. The balance between character features and the cost of bringing them up to modern standards is the key factor to weigh when forming a view on price.
|| Comparable Sales: 11 Lawley Street sold around $469,000; 6 Lawley Street with similar lot size and character features | Property Price Band: $400,000–$500,000 | Value Drivers: land size, renovation condition, character details like ceilings and fireplaces
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Elder Court, Collie WA 6225
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
!
1
Market Insight
Collie WA 6225 is a tight regional market where houses trade between $435,000 and $490,000 depending on data source, with annual growth spanning 7.8% to 32.8% — a spread that underscores volatility. Units median $277,500 and grew 29.1% annually. Houses sell in 14 to 25 days, vacancy sits below 3%, and gross house yields reach 6.49%. Demand is led by families and young professionals drawn to affordable entry pricing and a community-oriented lifestyle; 46% of owners carry mortgages, indicating moderate financial leverage. Infrastructure upgrades, including road improvements and community facilities, are underway and should reinforce long-term appeal. Schooling is served by a government high school, though primary options are limited. Key constraints are a thinner amenity base relative to metropolitan areas, regional economic cyclicality, and supply pressures in quality rentals, with annual house sales volumes between 162 and 192.
PropCred Estimated Value
Comparable Sales: 11 Lawley Street sold around $469,000; 6 Lawley Street with similar lot size and character features | Property Price Band: $400,000–$500,000 | Value Drivers: land size, renovation condition, character details like ceilings and fireplaces
Bedrooms
3
Bathroom
1
Parking
2
Land
803m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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