What is the price of Unit A501 at Terra Residences?

Unit A501 is priced at $1,030,000.

What is the rental yield for Unit A501 in Melrose Park?

The estimated gross rental yield for Unit A501 is 3.3%.

How large is Unit A501 at Terra Residences?

Unit A501 offers a total area of 111m².

Is Melrose Park a good suburb for professionals and families?

Yes, Melrose Park offers excellent transport, quality schools, and a strong sense of community, making it ideal for professionals and families.

What is the median unit price in Melrose Park?

The current median unit price in Melrose Park is $750,000.

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Residence

Unit A501

Level 5

Prime 2 Bed Residences

Name: Unit A501 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1030000 AUD
Availability: InStock

Terra Residences — Unit A501 | 2B/2B/1C

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

60ASPIRE

$1,030,000

3.3% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

111m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,030,000

NSW Stamp Duty

$40,880

Est. Weekly Rent

$650/wk

Gross Yield

3.28%

Year 1 After-Tax Cashflow

$-5,599

Est. Mortgage (80% LVR)

$1163/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 $1,030,000, this 2-bedroom apartment presents a compelling entry point below the $1.15M suburb median for a spacious 111m² floorplan, offering immediate equity positioning. The north-facing aspect in Building A provides a light-filled, practical layout ideal for professionals or small families seeking a foothold in this tightly-held, family-oriented suburb with strong 28.5% five-year growth. With an ASPIRE Score™ of 60/100 and an estimated rent of $650 per week, investors benefit from solid fundamentals in a market with a low 1.8% vacancy rate, ensuring reliable tenant demand for your 2 bedroom apartment Melrose Park investment.