1/25 Pilkena Street, Tom Price WA 6751
Price on Application
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4 Bedrooms
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3 Bathrooms
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2 Cars
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Landsize 384m2
House
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Securely Leased Investment in WA Mining Town
Salt Property Group present Units 1 to 4 at 25 Pilkena Street, Tom Price for sale. These four modern townhouses are securely leased with gross yields between 9.8% and 11.4% presenting an incredible opportunity for a savvy investor to pick up a positively geared investment within a pivotal WA mining town.
Situated in the Pilbara region, Tom Price is at the heart of Western Australia's mining activities. The Pilbara is renowned for its rich deposits of iron ore and other minerals, making it a focal point for mining operations. This strategic location ensures a continuous demand for housing from professionals employed in the mining sector, thereby providing property investors with a stable and potentially appreciating investment environment.
As of the latest available data, the residential vacancy rate in Tom Price, Western Australia, is 0.71%. This indicates a tight rental market, as a balanced market typically has a vacancy rate between 2.5% and 3.5% (Source: Real Estate Investar, REIWA) In comparison, Perth's rental vacancy rate reached 2% in January 2025, the highest since June 2020 (Source: REIWA). The low vacancy rate in Tom Price suggests high demand for rental properties, which may lead to increased rental prices and competition among prospective tenants.
Built 10 years ago, the townhouses are modern and spacious including four bedroom, three bathrooms. Centrally located within the town, local amenities are conveniently located nearby:
• Town centre - 1.4kms
• High School - 510m
• Junior School - 980m
• Hospital - 1.9kms
Some of the features of the townhouses include:
• Built in robes in bedrooms
• Ceiling fans & split system air conditioners
• Large kitchen and dining with electric cooktop & dishwasher
• Double car port
• Low maintenance private courtyard
Contact Salt Property Group for a copy of the information memorandum and income details for these investments.
Property features
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Carports
2
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Floor area
152m2
Property snapshot by reiwa.com
This property at 1/25 Pilkena Street, Tom Price is a four bedroom, three bathroom house listed for sale by Dane McKnight and Glen O'Brien at Salt Property Group.
For more information about Tom Price, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Tom Price profile page.
If you would like to get in touch with Dane McKnight or Glen O'Brien regarding 1/25 Pilkena Street, Tom Price, please call Dane on 0435 377 647 or call Glen on 0418 923 123, or contact the agent via email.
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Tom Price overview
Tom Price is an iron mining town in the Pilbara region, 1458 kilometres north northeast of Perth and 89 kilometres north of Paraburdoo. Following the discovery and development of the iron mining industry in this area in the 1960s, a private townsite named Tom Price was established by Rio Tinto Southern Pty Ltd. It was officially named Tom Price Townsite in 1967, but was not a gazetted townsite until 1985. The townsite derives its name from Mount Tom Price, a mountain in the Hamersley Range named in 1962. The name Mount Tom Price was proposed by Rio Tinto Southern Pty Ltd after the late Mr Tom Price, a colleague of theirs who was involved in iron ore negotiations with the Premier of Western Australia in 1961. Mr Price was highly regarded and played an important role in the eraly development of the iron mining industry in the Pilbara.
Tom Price quick stats
High end
$850k
Median
$685k
Low end
$665k
15.1 %
Annual growth
$685k
Annual median sales price
$1,700pw
Annual median rental price
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