Sold
904 Pilkena Street, Tom Price WA 6751
Sold price: $1,000,000
Sold: 05 Aug 2024
Sold
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5 Bedrooms
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2 Bathrooms
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2 Cars
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Landsize 770m2
House
View
BUY AND RETIRE
Are you looking for an incredible investment opportunity. Look no further than this 5-bedroom, 2-bathroom house located at 904 Pilkena Street. This property boasts a prime location and is perfect for investors seeking high returns. With 2 off-street parking spaces, built-in wardrobes, ensuite bathrooms, and split system air conditioning, this house offers both comfort and convenience.
Investors will be thrilled to know that this property is currently leased at an impressive $124,800 per annum with a new 12-month lease just signed until 30 June 2025. The sought-after area of Tom Price has low vacancy rates and the median price has doubled since 2020 due to high demand and limited availability.
Property Features:
- Ensuite
- Built-in wardrobes
- Air conditioning
- Undercover parking
Key Financial Details:
- Weekly rent: $2400
Don't miss out on this fantastic investment opportunity in Tom Price! Contact us today to learn more about how you can make this property yours.
Property features
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Carports
2
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Floor area
184m2
Property snapshot by reiwa.com
This property at 904 Pilkena Street, Tom Price is a five 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 five 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