What is the price of Unit A1501 at Terra Residences, Melrose Park?

Unit A1501 is priced at $1,130,000.

What is the rental yield for this apartment?

The estimated gross rental yield is 3.0% based on $650 per week rent.

How has the Melrose Park unit market performed recently?

Unit prices in Melrose Park have grown 4.8% in the past year and 28.5% over five years.

What are the key features of this Melrose Park apartment?

This apartment offers 2 bedrooms, 2 bathrooms, 1 car space, 112m² of space, and a high-level aspect in Terra Residences.

What is the owner-occupier ratio in Melrose Park?

Approximately 65% of Melrose Park’s residents are owner-occupiers.

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Residence

Unit A1501

Level 15

Prime 2 Bed Residences

Name: Unit A1501 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1130000 AUD
Availability: InStock

Terra Residences — Unit A1501 | 2B/2B/1C

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

57ASPIRE

$1,130,000

3.0% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

112m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,130,000

NSW Stamp Duty

$45,380

Est. Weekly Rent

$650/wk

Gross Yield

2.99%

Year 1 After-Tax Cashflow

$-7,793

Est. Mortgage (80% LVR)

$1276/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

Priced at $1,130,000, this spacious 112sqm 2-bedroom apartment presents a premium footprint in a suburb where unit prices grew 4.8% in the past year. This high-level residence offers a serene family-oriented lifestyle, supported by Melrose Park's 4.5% rental yield and strong local amenity. With an ASPIRE Score™ of 57/100 indicating solid fundamentals, investors can leverage the established $650 weekly rental demand against a modest 1.8% vacancy rate for long-term stability.