Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A1208
Level 12
Prime 2 Bed Residences
Terra Residences — Unit A1208 | 3B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,490,000
2.3% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
115m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,490,000
NSW Stamp Duty
$64,360
Est. Weekly Rent
$650/wk
Gross Yield
2.27%
Year 1 After-Tax Cashflow
$-15,695
Est. Mortgage (80% LVR)
$1683/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
With an ASPIRE Score™ of 55/100, this 3 bedroom apartment in Melrose Park presents a strategic entry point into a market where units have grown 28.5% over five years. The spacious 115m² floorplan offers family-sized living in a suburb renowned for its excellent transport and strong community appeal. While the estimated annual cashflow starts at -$15,695, the $1.49 million price point positions this larger-format unit for significant capital growth, leveraging sustained demand in a low-vacancy (1.8%) rental market.
Explore Other Residences
Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
Property Insights
Zetland 123-Residence: A Smart Investment Guide
Explore the investment potential of Zetland's 123-Residence Executive Sanctuary, featuring a 5.1% rental yield in Sydney
Negative Gearing in Zetland: What to Expect Post-2027
Explore the impact of 2027’s negative gearing reforms on Zetland's off-the-plan apartments. Understand grandfathered rig
Explore Parramatta's $620k Light Rail Apartments
Explore Parramatta's thriving real estate scene with our comprehensive guide on the $620,000 two-bedroom apartments offe