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Residence
Unit A803
Level 8
Prime 2 Bed Residences
Terra Residences — Unit A803 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$985,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
94m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$985,000
NSW Stamp Duty
$38,855
Est. Weekly Rent
$650/wk
Gross Yield
3.43%
Year 1 After-Tax Cashflow
$-4,611
Est. Mortgage (80% LVR)
$1113/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 investment presents a clear price advantage at $985,000, positioned 31% above Melrose Park's $750,000 unit median, reflecting its premium project status and future growth alignment with the suburb's strong 28.5% five-year performance. Unit A803 offers a modern 2-bed, 2-bath, single-car configuration across 94sqm, catering to professionals or small families seeking quality in this tightly held, family-centric suburb. With an ASPIRE Score™ of 61/100, investors can target the robust local rental demand evidenced by a 1.8% vacancy rate, translating to secure tenancy for the estimated $650 weekly rent.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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