1/25 Pilkena Street, Tom Price WA 6751

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.