What is the price of Unit A1205 at Terra Residences, Melrose Park?

Unit A1205 is priced at $1,005,000, which is $255,000 below the suburb's median unit price.

What is the estimated rental yield for Unit A1205?

The estimated gross rental yield for Unit A1205 is 3.4%, with an expected rent of $650 per week.

How does Melrose Park perform for unit price growth?

Melrose Park has seen unit price growth of 28.5% over the past five years.

What amenities are near Terra Residences in Melrose Park?

Residents enjoy proximity to West Ryde Station, Victoria Road, quality schools, parks like Kissing Point Park, and local shopping.

Is Melrose Park suitable for first home buyers?

With steady growth, strong community, and a mix of modern and established homes, Melrose Park is attractive for first home buyers.

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Residence

Unit A1205

Level 12

Prime 2 Bed Residences

Name: Unit A1205 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1005000 AUD
Availability: InStock

Terra Residences — Unit A1205 | 2B/2B/1C

33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114

61ASPIRE

$1,005,000

3.4% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

96m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,005,000

NSW Stamp Duty

$39,755

Est. Weekly Rent

$650/wk

Gross Yield

3.36%

Year 1 After-Tax Cashflow

$-5,050

Est. Mortgage (80% LVR)

$1135/wk

6.19% rate, 30yr P&I

Financial projections are estimates only. Yields assume median suburb rents. Stamp duty calculated on NSW 2025/26 rates. Seek independent financial advice.

About This Residence

Priced at $1,005,000, this 2-bedroom apartment presents a compelling entry point $255,000 below the suburb's median unit price, offering significant equity upside in a market with 28.5% five-year growth. The north-facing aspect on the 12th floor captures abundant light, providing a spacious 96m² layout ideal for professionals or small families within Melrose Park's tight-knit community. With a low 1.8% vacancy rate ensuring strong tenant demand for its estimated $650/week rent, the property's ASPIRE Score of 61/100 indicates a solid foundation for long-term capital growth.