What is the price of Unit A703 at Terra Residences, Melrose Park?

Unit A703 is priced at $975,000.

What is the rental yield for this Melrose Park apartment?

The estimated gross rental yield is 3.5% based on a weekly rent of $650.

How has the Melrose Park unit market performed over five years?

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

What amenities are nearby Terra Residences in Melrose Park?

Residents enjoy access to parks, quality schools, public transport (near West Ryde Station), and local shopping.

Is Melrose Park suitable for families and professionals?

Yes, the suburb offers a balanced lifestyle, strong community, and excellent connectivity, appealing to both families and professionals.

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Residence

Unit A703

Level 7

Prime 2 Bed Residences

Name: Unit A703 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 975000 AUD
Availability: InStock

Terra Residences — Unit A703 | 2B/2B/1C

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

61ASPIRE

$975,000

3.5% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

91m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$975,000

NSW Stamp Duty

$38,405

Est. Weekly Rent

$650/wk

Gross Yield

3.47%

Year 1 After-Tax Cashflow

$-4,391

Est. Mortgage (80% LVR)

$1101/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

This 2 bedroom apartment in Melrose Park is offered at $975,000, presenting a strategic entry into a market where units have delivered 28.5% growth over five years. The 2 bath, 1 car configuration on level 7 provides a practical and modern living space within a suburb prized for its family appeal and transport connectivity. With an ASPIRE Score™ of 61/100 and a healthy estimated rent of $650 per week, it caters to investors targeting a high-demand, low-vacancy (1.8%) rental market.