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Residence
Unit A1405
Level 14
Prime 2 Bed Residences
Terra Residences — Unit A1405 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,025,000
3.3% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,025,000
NSW Stamp Duty
$40,655
Est. Weekly Rent
$650/wk
Gross Yield
3.30%
Year 1 After-Tax Cashflow
$-5,489
Est. Mortgage (80% LVR)
$1158/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 $1,025,000, this investment enters the market at a strategic premium, targeting discerning buyers in a suburb where unit prices have risen 28.5% over five years. This north-facing residence on the 14th floor offers a spacious 96m² layout perfect for professionals, placing you within a vibrant, family-centric community. While the initial cashflow requires a strategic approach, the estimated $650 weekly rent taps directly into Melrose Park's tight 1.8% vacancy rate, ensuring strong tenant demand for this 2 bedroom apartment Melrose Park investment, as reflected in its 61/100 ASPIRE Score™.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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