What is the price of Unit A804 at Terra Residences?

Unit A804 is priced at $1,000,000.

What is the estimated rental yield for this apartment?

The estimated gross rental yield is 3.4% with an expected rent of $650 per week.

How has Melrose Park unit value grown over the past five years?

Unit values in Melrose Park have climbed 28.5% over five years.

Is Melrose Park a good suburb for families and professionals?

Yes, Melrose Park offers quality schools, parks, strong community, and excellent transport links, making it ideal for families and professionals.

What amenities are near Unit A804 in Melrose Park?

Nearby amenities include parks, sporting facilities, local shopping, and West Ryde Station for easy commuting.

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Residence

Unit A804

Level 8

Prime 2 Bed Residences

Name: Unit A804 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1000000 AUD
Availability: InStock

Terra Residences — Unit A804 | 2B/2B/1C

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

61ASPIRE

$1,000,000

3.4% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

102m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,000,000

NSW Stamp Duty

$39,530

Est. Weekly Rent

$650/wk

Gross Yield

3.38%

Year 1 After-Tax Cashflow

$-4,940

Est. Mortgage (80% LVR)

$1130/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

Positioned in a suburb where unit values have climbed 28.5% in five years, this $1,000,000, eighth-floor apartment offers a premium 2 bed, 2 bath sanctuary in tightly held Melrose Park. Boasting a generous 102m² floorplan with north-facing orientation in Building A, it promises a modern lifestyle with strong rental appeal, evidenced by the suburb's low 1.8% vacancy. With an ASPIRE Score of 61 and an estimated first-year cashflow of -$4,940, this is a strategic capital play targeting the sustained $650/week rental demand for quality 2 bedroom apartments in Melrose Park.