What is the price of Unit A1001 at Terra Residences, Melrose Park?

Unit A1001 is priced at $1,080,000.

How large is Unit A1001 and what configuration does it offer?

Unit A1001 offers 2 bedrooms, 2 bathrooms, 1 car space, and a total area of 111m².

What is the estimated rental yield for this apartment?

The estimated gross rental yield is 3.1% based on a weekly rent of $650.

How does Melrose Park compare for unit price growth and rental yield?

Melrose Park units have grown 28.5% in 5 years with a median rental yield of 4.5%.

What amenities and lifestyle does Melrose Park offer?

Melrose Park offers strong transport links, quality schools, community parks, and proximity to employment hubs.

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Residence

Unit A1001

Level 10

Prime 2 Bed Residences

Name: Unit A1001 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1080000 AUD
Availability: InStock

Terra Residences — Unit A1001 | 2B/2B/1C

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

60ASPIRE

$1,080,000

3.1% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

111m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,080,000

NSW Stamp Duty

$43,130

Est. Weekly Rent

$650/wk

Gross Yield

3.13%

Year 1 After-Tax Cashflow

$-6,696

Est. Mortgage (80% LVR)

$1220/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 priced at a premium $1,080,000 against the suburb median, this 2 bedroom apartment investment in Melrose Park offers undeniable scale within its 111m² layout. The spacious two-bed, two-bath configuration on the 10th floor caters to professionals or small families seeking room to grow in a suburb with strong 28.5% five-year unit growth. With an estimated rent of $650 per week, investors can leverage solid rental demand in a market with a tight 1.8% vacancy rate, underpinned by the property's ASPIRE Score™ of 60.