What is the price of Unit A504 at Terra Residences in Melrose Park?

Unit A504 is priced at $970,000.

What is the estimated rental yield for this apartment?

The estimated gross rental yield is 3.5%, with an expected rent of $650 per week.

How does the price of Unit A504 compare to the Melrose Park median unit price?

Unit A504 is listed at $970,000, above the suburb's median unit price of $750,000.

What are the main lifestyle benefits of living in Melrose Park?

Melrose Park offers excellent transport links, strong community spirit, quality schools, and access to parks and recreational facilities.

Is Melrose Park suitable for families and professionals?

Yes, the suburb is popular with both families and professionals due to its convenience, amenities, and balanced community profile.

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Residence

Unit A504

Level 5

Prime 2 Bed Residences

Name: Unit A504 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 970000 AUD
Availability: InStock

Terra Residences — Unit A504 | 2B/2B/1C

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

61ASPIRE

$970,000

3.5% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

98m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$970,000

NSW Stamp Duty

$38,180

Est. Weekly Rent

$650/wk

Gross Yield

3.48%

Year 1 After-Tax Cashflow

$-4,282

Est. Mortgage (80% LVR)

$1096/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

Trading at $970,000, this 2 bedroom apartment in Melrose Park presents a strategic entry point $220,000 below the suburb's $750,000 median unit price. This north-facing fifth-floor residence offers 98m² of modern family living, capitalising on the area's 28.5% five-year unit growth. With an estimated weekly rent of $650 and an ASPIRE Score™ of 61/100, this asset is positioned for capital appreciation in a suburb with a tight 1.8% vacancy rate.