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Residence
Unit A1601
Level 16
Prime 2 Bed Residences
Terra Residences — Unit A1601 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
57ASPIRE
$1,140,000
3.0% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
111m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,140,000
NSW Stamp Duty
$45,830
Est. Weekly Rent
$650/wk
Gross Yield
2.96%
Year 1 After-Tax Cashflow
$-8,013
Est. Mortgage (80% LVR)
$1288/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
Targeting the high-growth Melrose Park unit market, this premium 2 bedroom apartment presents a strategic entry point with a 4.8% annual growth rate. The spacious 111m² floorplan in Building A offers a substantial liveability advantage, blending modern convenience with the suburb's established, family-friendly lifestyle. While the $650 weekly rent aligns with the median, its $1.14m price point is a premium for size and position, resulting in a $8,013 first-year cashflow position and a measured ASPIRE Score™ of 57/100 for the disciplined investor.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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