Sold
901 Pilkena Street, Tom Price WA 6751
Sold price: $940,000
Sold: 05 Aug 2024
Sold
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4 Bedrooms
-
2 Bathrooms
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2 Cars
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Landsize 839m2
House
View
LEASED AT A STAGGERING $2250 PW
Located at 901 Pilkena Street, Tom Price, this impressive investment property is now available for sale.
This modern property boasts 4 bedrooms, 2 bathrooms, and 2 off-street parking spaces. With a land size of 839 sqm this property offers a fantastic opportunity for investors looking to secure a government tenant.
The lease is due for renewal in February 2025, providing peace of mind for the future. Built in 2013, this property promises a fabulous gross ROI of over 12% in a sought-after area.
Property Features:
- Ensuite
- Built-in wardrobes
- Air conditioning
- Outdoor area
- Undercover parking
Key Financial Details:
- Weekly rent: $2250
Investors will find this property particularly attractive due to its secure government tenant and high rental yield potential. With the lease set for renewal in the near future and an excellent gross ROI of over 12%, this investment opportunity offers stability and profitability.
Key Financial Details:
- Weekly rent: $2250
Property features
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Carports
2
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Floor area
144m2
Property snapshot by reiwa.com
This property at 901 Pilkena Street, Tom Price is a four bedroom, two bathroom house sold by Doug Shaw at Newman First National on 05 Aug 2024.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Tom Price or see other recently sold properties in Tom Price.
Nearby schools
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
$825k
Median
$650k
Low end
$538k
-2.3 %
Annual growth
$650k
Annual median sales price
$1,950pw
Annual median rental price