3/384 Tecoma St, Tom Price is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1971. The property has a land size of 217m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in May 2008.
Rare opportunity to secure a fully renovated 3 bedroom 1 bathroom property that not only has one of the best locations in Tom Price but also offers a secure long term lease and strong returns.
Great option for investors with a new 2 year government lease providing solid 12% gross returns!! This government tenant generally holds properties in Tom Price long term so the potential to retain this tenant after 2 years is strong.
The location is a quiet street only a short walk from the center of Tom Price with the property only having a neighbour on one side with open parkland on the other side which offers a sense of privacy and space seldom found.
The property itself has just undergone a renovation including new picket fence, total exterior paint including carport, total interior paint, new tiles in the bedrooms, new window treatments throughout and new paving and artificial grass in the rear garden area.
Offering large living area, great size kitchen complete with breakfast bar and stainless steel appliances, two bedrooms with walk in robes and a large bathroom with separate bath and shower, this property ticks a lot of boxes!
Outside is just as impressive with a lovely front courtyard, paved rear alfresco with artificial lawn, a separate rear fenced section with separate side gates for extra vehicles or storage, double tandem carport and storage room.
Further features include:
- 3 Bedrooms 1 bathroom
- Set well back from the road for privacy
- Fenced carport area and front courtyard
- Large living space
- Renovated kitchen with breakfast bar and plenty of cupboards
- Two bedrooms with built in robes
- Spacious bathroom with bath and shower
- Laundry with separate WC
- Split system and wall system air conditioning throughout
- Plenty of parking
- Separate gated access to the rear of the block to provide extra parking and storage
This level of renovation and style of property is a rare find and being situated in one of the best locations in Tom Price would ensure it will remain attractive in the leasing market for years to come.
For further information and inspections contact The Newman Sales Team
Disclaimer:
Crawford Realty makes every effort to ensure the information provided on this property is deemed to be correct at the time of publishing. Any referenced return on investment is a gross return and is approximate. Prospective buyers should view the property before making their decision.
The size of Tom Price is approximately 73.8 square kilometres. It has 5 parks covering nearly 1.5% of total area. The population of Tom Price in 2011 was 5,460 people. By 2016 the population was 2,988 showing a population decline of 45.3% in the area during that time. The predominant age group in Tom Price is 30-39 years. Households in Tom Price are primarily couples with children and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Tom Price work in a trades occupation. In 2011, 11.2% of the homes in Tom Price were owner-occupied compared with 7.6% in 2016.
Tom Price has 1,608 properties. Over the last 5 years, Houses in Tom Price have seen a 169.00% increase in median value, while Units have seen a 5243.64% increase. As at 31 October 2024:
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