Local Knowledge PropertyIntegrated Property Financial Advisory
Residence
Unit A1706
Level 17

Prime 2 Bed Residences

Terra Residences — Unit A1706 | 2B/2B/1C

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

60ASPIRE
$1,090,000
3.1% gross yield

Residence Configuration

2
Bedrooms
2
Bathrooms
1
Car Space
90
Total Area
Aspect: Building A

Financial Analysis

Purchase Price
$1,090,000
NSW Stamp Duty
$43,580
Est. Weekly Rent
$650/wk
Gross Yield
3.10%
Year 1 After-Tax Cashflow
$-6,915
Est. Mortgage (80% LVR)
$1231/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 in tightly held Melrose Park, this 2-bedroom, 2-bathroom apartment offers a strategic entry point at $1,090,000, priced for future growth in a suburb where unit values have risen 28.5% over five years. The 17th-floor residence provides elevated district views and a spacious 90m² layout, catering to professionals seeking proximity to parks and strong transport links. With an estimated rent of $650 per week and an ASPIRE Score™ of 60/100, investors can leverage the suburb's low 1.8% vacancy rate for solid rental demand, while the $43,580 stamp duty cost is a calculable investment into this high-growth corridor.

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Your Agent

Graham Chee
Ding Real Estate
0283388900 [email protected]

Quick Summary

Property Typeland
Level17
AspectBuilding A
Deposit (20%)$218,000
Loan Amount$872,000

Development Features

Level 12 apartment
2 spacious bedrooms
2 modern bathrooms
secure undercover parking for 1 car
dedicated study nook
89sqm internal living space
14sqm balcony area
south and west facing aspect