16 Greig Street, Willagee WA 6156

elevated character cottage | 771sqm block likely | heritage overlay constraint | 1953 build | renovated interior | strong rental yield This property is competitively positioned as an updated character cottage on a block that appears substantially larger than typical for its building footprint. The elevated position and rectangular configuration suggest genuine redevelopment or extension potential, while the reported 96sqm internal area and 1950s build provide a solid foundation for a buyer seeking immediate occupancy with future optionality. The property serves best those who value established character homes within a heritage-conscious suburb, where demand is driven by owner-occupiers and renovators rather than pure land bankers. The heritage overlay may materially affect the feasibility of significant alterations or demolition, which should be weighed against the property’s current condition and any long-term plans. The reported land size inconsistency between 382sqm and 771sqm is a material factor that could influence both land value and redevelopment potential, requiring verification against title documents. The recent sale history and estimated rental yield of approximately 4% suggest the property may appeal to investors seeking cash flow, though the heritage constraint might limit future capital growth relative to unencumbered sites.