1/1240 Wilgerup Place, Tom Price
4 bed | 2 bath | Built 2022 | High-yield investment with willing tenants at ~$2,200/week
A rare near-new home in the heart of Tom Price-most local housing dates from the original mining-town expansion of the late 1960s-early 1970s, so contemporary builds like this are tightly held.
Why you'll love it
Modern 2022 construction: Enjoy the low-maintenance benefits, better insulation, and current compliance you simply don't get in the older 1970s stock common to Tom Price.
4 generous bedrooms + 2 bathrooms: Ideal for family living or company leases.
Move-in ready investment: Tenants are willing to pay ~$2,200 per week (approx. $114,400 p.a.).
Finance-friendly: A Lease Agreement as a Special Condition of Sale can be provided to support servicing/finance.
Strong yield region: Tom Price consistently ranks among Australia's top yield markets thanks to the resources economy.
Fast facts
Address: 1/1240 Wilgerup St, Tom Price WA 6751
Land/Build: Modern 4x2 layout (2022 build) with low-care grounds
Tenancy: Prospective tenants at ~$2,200/wk; settlement can include a lease as a special condition
Outgoings: Standard shire/water rates (enquire)
Zoning: Residential (Shire of Ashburton)
Investment note: At $2,200/wk, projected gross income is ~$114,400 p.a. (before costs). Tom Price house yields are among the highest in WA, supported by Rio Tinto's local operations and associated workforce demand.
Location
Work & Lifestyle: Tom Price is a thriving Pilbara mining hub-"Top Town in WA" at 747m elevation-servicing Rio Tinto's Mount Tom Price mine.
Everyday convenience: Coles supermarket, hospital/medical centre, schools (primary/secondary), TAFE, cafés and sporting facilities (including an Olympic-size pool) are all in town.
Fly-in access: ~74-81 km to Paraburdoo Airport (about 1 hour by road).
Weekends: Gateway to Karijini National Park-iconic gorges, falls and hikes roughly 95-100 km from town (about 1¼-2 hours depending on destination).
Features (highlights)
Contemporary kitchen & bathrooms (2022 spec)
Split-system air-conditioning suited to Pilbara summers
Low-maintenance alfresco & yard (ideal for company lease)
Secure parking and off-street space (enquire)
Turn-key presentation for tenants
The rarity factor
Tom Price was established in the 1960s to service iron-ore mining; the majority of established homes date from the early 1970s company-town era. Newer builds are uncommon-this 2022 home stands out for depreciation benefits, amenity and tenant appeal.
Price & inspections
Price: Contact agent
Inspections: By appointment only
Contract & special conditions
Seller agrees to include a Lease Agreement as a Special Condition of Sale (e.g., "Settlement subject to buyer entering into a residential tenancy agreement at ~$2,200/week for a term acceptable to the parties"), assisting serviceability for finance.
Standard WA contract with annexures for special condition and any chattels list.
Disclaimers
All figures are approximate and subject to contract. Buyers should rely on their own enquiries regarding shire rates, outgoings, zoning, and rental assessments. Distances and travel times are sourced from reputable public guides and may vary with route and conditions.
Property features
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Air conditioned
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Carports
2
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Toilets
2
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Floor area
135m2
Property snapshot by reiwa.com
This Tom Price property is a four bedroom, two bathroom house sold by Jason van Straalen at Milestone Realty Dalkeith Nedlands on 25 Oct 2025.
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.
Cost breakdown
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Council rates: $3,784 / year
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
$938k
Median
$825k
Low end
$753k
20.4%
Annual growth
$825k
Annual median sales price
$1,350pw
Annual median rental price
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