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CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A608
Level 6
Prime 2 Bed Residences
Terra Residences — Unit A608 | 3B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,430,000
2.4% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
118m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,430,000
NSW Stamp Duty
$61,060
Est. Weekly Rent
$650/wk
Gross Yield
2.36%
Year 1 After-Tax Cashflow
$-14,378
Est. Mortgage (80% LVR)
$1615/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
With an attractive entry point at $1,430,000, priced competitively against the suburb’s $750,000 unit median, this 118sqm 3-bedroom apartment in Melrose Park offers rare space and family functionality. The expansive 3 bed, 2 bath layout in Building A provides an unrivalled footprint for a unit in this tightly held suburb, appealing to upsizers seeking value. An ASPIRE Score™ of 55/100 indicates a sound, long-term holding proposition, with its $650/week estimated rent supported by a low 1.8% suburb vacancy rate.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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