What is the price of Unit A1302 at Terra Residences?

Unit A1302 is priced at $985,000.

What is the rental yield for this Melrose Park apartment?

The estimated gross rental yield is 3.4% with a rental estimate of $650 per week.

How does Melrose Park perform in terms of property growth?

Melrose Park units have grown 4.8% in the past year and 28.5% over five years.

What lifestyle amenities are near Terra Residences, Melrose Park?

Residents enjoy parks, community clubs, local shopping, and access to West Ryde station.

Is Melrose Park suitable for families and professionals?

Yes, with quality schools, strong community, and easy city access, Melrose Park suits both families and professionals.

Local Knowledge PropertyIntegrated Property Financial Advisory

CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled

About Contact

Residence

Unit A1302

Level 13

Prime 2 Bed Residences

Name: Unit A1302 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 985000 AUD
Availability: InStock

Terra Residences — Unit A1302 | 2B/2B/1C

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

61ASPIRE

$985,000

3.4% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

87m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$985,000

NSW Stamp Duty

$38,855

Est. Weekly Rent

$650/wk

Gross Yield

3.43%

Year 1 After-Tax Cashflow

$-4,611

Est. Mortgage (80% LVR)

$1113/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

Positioned at a sharp $235,000 below Melrose Park's $750,000 unit median, this 2-bedroom apartment in Prime offers immediate entry-level equity. Its 13th-floor aspect in Building A provides elevated living, capitalising on the suburb's 78/100 growth potential and family-centric appeal. With an ASPIRE Score™ of 61/100 and a forecasted first-year cashflow of -$4,611, this investment suits a long-term strategy, leveraging a tight 1.8% vacancy rate and the area's strong 28.5% five-year growth trajectory for 2-bedroom apartment Melrose Park investment opportunities.