What is the price of Unit A1108 at Terra Residences in Melrose Park?

Unit A1108 is priced at $1,480,000.

How many bedrooms and bathrooms does Terra Residences A1108 offer?

It offers 3 bedrooms, 2 bathrooms, and 1 car space.

What is the estimated rental yield for this apartment?

The estimated gross rental yield is 2.3%.

What are the median unit prices and growth for Melrose Park?

The median unit price is $750,000 with 4.8% annual and 28.5% five-year growth.

Is Melrose Park a good suburb for families?

Yes, with quality schools, parks, and a strong sense of community, Melrose Park is well-suited to families.

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Residence

Unit A1108

Level 11

Prime 2 Bed Residences

Name: Unit A1108 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1480000 AUD
Availability: InStock

Terra Residences — Unit A1108 | 3B/2B/1C

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

55ASPIRE

$1,480,000

2.3% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

114m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,480,000

NSW Stamp Duty

$63,810

Est. Weekly Rent

$650/wk

Gross Yield

2.28%

Year 1 After-Tax Cashflow

$-15,475

Est. Mortgage (80% LVR)

$1672/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 3 bedroom apartment Melrose Park investment at $1,480,000 presents a strategic entry point, priced substantially below the suburb's $750,000 unit median. The 11th-floor residence in Building A delivers a spacious 114m² layout, ideal for capitalising on the area’s strong family demand and 28.5% five-year growth. While its ASPIRE Score™ of 55/100 indicates a focus on capital gain, investors benefit from a low 1.8% vacancy rate securing the estimated $650/week rental income.