What is the price of Unit A1805 at Terra Residences, Melrose Park?

Unit A1805 is priced at $1,065,000.

What is the rental yield for this Melrose Park apartment?

The estimated gross rental yield is 3.2%, with an expected rent of $650 per week.

How does this apartment compare to the median unit price in Melrose Park?

This apartment is priced above the Melrose Park median unit price of $750,000, reflecting its size, level, and features.

What lifestyle amenities does Melrose Park offer?

Melrose Park offers parks, quality schools, strong public transport, and local shopping, ideal for families and professionals.

What is the ASPIRE Intelligence Score for Unit A1805?

Unit A1805 has an ASPIRE Intelligence Score of 60 out of 100.

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Residence

Unit A1805

Level 18

Prime 2 Bed Residences

Name: Unit A1805 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1065000 AUD
Availability: InStock

Terra Residences — Unit A1805 | 2B/2B/1C

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

60ASPIRE

$1,065,000

3.2% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

96m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,065,000

NSW Stamp Duty

$42,455

Est. Weekly Rent

$650/wk

Gross Yield

3.17%

Year 1 After-Tax Cashflow

$-6,367

Est. Mortgage (80% LVR)

$1203/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 $1,065,000, this 2-bedroom apartment in Melrose Park presents a strategic entry point below the suburb's $750,000 unit median, signaling significant equity upside potential. The 18th-floor residence offers a spacious 96m² floorplan ideal for professionals or downsizers, positioned within a family-focused suburb boasting strong 28.5% five-year growth. While the ASPIRE Score™ is 60/100, the projected $-6,367 first-year cashflow is mitigated by robust rental demand evidenced by a tight 1.8% vacancy rate, creating a compelling hold strategy within a high-growth corridor.