Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit A708
Level 7
Prime 2 Bed Residences
Terra Residences — Unit A708 | 3B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
55ASPIRE
$1,440,000
2.4% gross yield
Residence Configuration
3
Bedrooms
2
Bathrooms
1
Car Space
119m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,440,000
NSW Stamp Duty
$61,610
Est. Weekly Rent
$650/wk
Gross Yield
2.35%
Year 1 After-Tax Cashflow
$-14,597
Est. Mortgage (80% LVR)
$1627/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 its ASPIRE Score™ of 55/100 indicates a focused strategy is required, this 3 bedroom apartment in Melrose Park offers a substantial 119m² floorplan priced below the current $750,000 unit median for significant entry advantage. The spacious 3 bed, 2 bath configuration in Building A provides ample room for family living or tenant flexibility within this tightly held suburb. Savvy investors will note the estimated $650 weekly rent leverages a low 1.8% vacancy rate, positioning for strong rental demand against the $14,597 first-year cashflow position.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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