37 Prinsep Street S, Collie WA 6225

Large block, family zone, flood overlay, fresh listing | 1947 character with modern updates | School proximity, stable street | Strong gross yield potential This property presents a compelling buying case for families or investors seeking a large block in a stable, owner-occupied street. The 1,062 m² land size is a rare configuration in this area, offering significant future flexibility for extension or subdivision subject to council approval. The home’s 1947 character is preserved with floorboards and a fireplace, while modern split-system air conditioning and security cameras reduce immediate upgrade costs. Proximity to both primary and senior high schools within walking distance strengthens its appeal for family buyers, and the street’s 95% owner-occupancy rate signals low turnover and strong community stability. The primary risk is the flood overlay, which may increase insurance premiums and restrict certain renovations or earthworks. The heritage overlay could similarly limit external alterations, requiring buyers to verify permissible changes before committing. However, the current rental yield of approximately 6.9% gross if purchased near estimated value is strong for the region, and the fresh sale listing after a rental phase suggests motivated selling. Buyers should inspect for any past flood impact and confirm the heritage overlay’s specific constraints, as these factors directly affect long-term value and redevelopment potential.