What is the price of Unit A1402 at Terra Residences, Melrose Park?

Unit A1402 is priced at $995,000.

What is the expected rental yield for this apartment?

The estimated gross yield is 3.4% based on a weekly rent of $650.

How does Unit A1402 compare to the median unit price in Melrose Park?

It is priced above the suburb median unit price of $750,000, reflecting its high floor and modern features.

What amenities are nearby Terra Residences in Melrose Park?

Nearby amenities include Kissing Point Park, West Ryde Station, schools, shopping, and recreational facilities.

Is Melrose Park a good suburb for property growth?

Melrose Park has seen a 28.5% unit price growth over 5 years and 4.8% annual growth, with strong owner-occupier presence.

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Residence

Unit A1402

Level 14

Prime 2 Bed Residences

Name: Unit A1402 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 995000 AUD
Availability: InStock

Terra Residences — Unit A1402 | 2B/2B/1C

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

61ASPIRE

$995,000

3.4% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

87m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$995,000

NSW Stamp Duty

$39,305

Est. Weekly Rent

$650/wk

Gross Yield

3.40%

Year 1 After-Tax Cashflow

$-4,830

Est. Mortgage (80% LVR)

$1124/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 at a $245,000 discount to the suburb’s $750,000 median unit price, this 2-bedroom apartment offers significant immediate equity potential. The 14th-floor residence in a modern block provides a low-maintenance lifestyle close to Kissing Point Park, ideal for professionals or downsizers. With a strong 4.5% suburb rental yield underpinning its $650 per week estimated rent, this investment leverages Melrose Park’s high-demand, low 1.8% vacancy market, as analytically reflected in its 61/100 ASPIRE Score™.