Local Knowledge PropertyIntegrated Property Financial Advisory
CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled
Residence
Unit B511
Level 5
Prime 2 Bed Residences
Cirro Residences — Unit B511 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
57ASPIRE
$1,155,000
2.9% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
139m²
Total Area
Aspect: Building B
Financial Analysis
Purchase Price
$1,155,000
NSW Stamp Duty
$46,505
Est. Weekly Rent
$650/wk
Gross Yield
2.93%
Year 1 After-Tax Cashflow
$-8,342
Est. Mortgage (80% LVR)
$1305/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
Presenting a strategic entry into Melrose Park's property market, this 139m² two-bedroom apartment is priced at $1,155,000, offering a substantial 54% more space than the suburb's median unit. Configured as a spacious 2 bed, 2 bath with secure parking, it delivers a low-maintenance lifestyle in a tightly held locale with a 1.8% vacancy rate. While the initial yield is 2.93%, its ASPIRE Score™ of 57/100 is bolstered by the suburb's strong 28.5% five-year unit growth, positioning it for long-term capital appreciation.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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