What is the price of Unit A1304 at Terra Residences, Melrose Park?

Unit A1304 is priced at $1,050,000.

What is the estimated rental yield for this apartment?

The estimated gross rental yield is 3.2%, with an expected weekly rent of $650.

How does this unit compare to the median price in Melrose Park?

This unit is priced about 40% above the suburb median of $750,000, reflecting its premium status.

What is the ASPIRE Intelligence Score for Unit A1304?

The ASPIRE Intelligence Score for this unit is 60 out of 100.

What amenities and transport options are available in Melrose Park?

Melrose Park offers good public transport access via West Ryde Station, local parks, schools, and shopping facilities.

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Residence

Unit A1304

Level 13

Prime 2 Bed Residences

Name: Unit A1304 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1050000 AUD
Availability: InStock

Terra Residences — Unit A1304 | 2B/2B/1C

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

60ASPIRE

$1,050,000

3.2% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

101m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,050,000

NSW Stamp Duty

$41,780

Est. Weekly Rent

$650/wk

Gross Yield

3.22%

Year 1 After-Tax Cashflow

$-6,038

Est. Mortgage (80% LVR)

$1186/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

Securing this 2 bedroom apartment investment at $1,050,000 presents a strategic entry into Melrose Park's robust market, priced 40% above the suburb median reflecting its premium position. This 13th-floor residence with two full bathrooms and 101m² of space caters to growing families seeking space and convenience near Kissing Point Park. With an ASPIRE Score™ of 60/100 and an estimated $650/wk rent, investors can leverage a tight 1.8% vacancy rate and strong 28.5% five-year unit growth for long-term capital appreciation.