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Residence
Unit A1501
Level 15
Prime 2 Bed Residences
Terra Residences — Unit A1501 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
57ASPIRE
$1,130,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
112m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,130,000
NSW Stamp Duty
$45,380
Est. Weekly Rent
$650/wk
Gross Yield
2.99%
Year 1 After-Tax Cashflow
$-7,793
Est. Mortgage (80% LVR)
$1276/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 $1,130,000, this spacious 112sqm 2-bedroom apartment presents a premium footprint in a suburb where unit prices grew 4.8% in the past year. This high-level residence offers a serene family-oriented lifestyle, supported by Melrose Park's 4.5% rental yield and strong local amenity. With an ASPIRE Score™ of 57/100 indicating solid fundamentals, investors can leverage the established $650 weekly rental demand against a modest 1.8% vacancy rate for long-term stability.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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