What is the price of Unit A2202 at Terra Residences, Melrose Park?

Unit A2202 is priced at $1,070,000.

What is the rental yield for this Melrose Park apartment?

The estimated gross rental yield is 3.2% based on $650 per week.

How does Melrose Park perform for property growth?

Melrose Park units have seen 28.5% growth over the past five years.

What amenities and lifestyle does Melrose Park offer?

Melrose Park features parks, community clubs, local shopping, excellent transport, and a strong sense of community.

What is the ASPIRE Intelligence Score for this unit?

Unit A2202 has an ASPIRE Score of 60/100, indicating balanced growth and lifestyle appeal.

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Residence

Unit A2202

Level 22

Prime 2 Bed Residences

Name: Unit A2202 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1070000 AUD
Availability: InStock

Terra Residences — Unit A2202 | 2B/2B/1C

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

60ASPIRE

$1,070,000

3.2% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

87m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,070,000

NSW Stamp Duty

$42,680

Est. Weekly Rent

$650/wk

Gross Yield

3.16%

Year 1 After-Tax Cashflow

$-6,477

Est. Mortgage (80% LVR)

$1209/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

While priced at $1,070,000 above the $750,000 suburb median, this 2-bedroom apartment in Melrose Park presents a strategic entry into a market with a robust 28.5% 5-year growth trajectory and an ASPIRE Score™ of 60/100. Positioned on the 22nd floor with a northern aspect in Building A, it offers a modern, low-maintenance lifestyle close to parks and transport. The estimated $650 weekly rent reflects strong local demand, translating to a 3.16% yield, with investors facing an initial annual cashflow challenge of $-6,477 in a high-growth, low 1.8% vacancy suburb.