What is the price of Unit A1503 at Terra Residences in Melrose Park?

Unit A1503 is priced at $1,055,000.

What is the estimated rental yield for this Melrose Park apartment?

The estimated gross rental yield is 3.2% based on $650 per week rent.

How large is Unit A1503 and what level is it on?

Unit A1503 offers 93m² of internal space and is located on the 15th floor.

What are the recent growth trends for units in Melrose Park, NSW?

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

What lifestyle amenities are available in Melrose Park?

Melrose Park offers parks, community clubs, shopping, strong transport links, and a friendly, diverse community.

Ding Real EstateIntegrated Property Financial Advisory

CPA Public Practice·AFSL Since 2001·Licensed Real Estate·$300M+ Settled

About Contact

Residence

Unit A1503

Level 15

Prime 2 Bed Residences

Name: Unit A1503 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1055000 AUD
Availability: InStock

Terra Residences — Unit A1503 | 2B/2B/1C

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

60ASPIRE

$1,055,000

3.2% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

93m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,055,000

NSW Stamp Duty

$42,005

Est. Weekly Rent

$650/wk

Gross Yield

3.20%

Year 1 After-Tax Cashflow

$-6,147

Est. Mortgage (80% LVR)

$1192/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 $1,055,000, this 2 bedroom apartment in Melrose Park offers entry into a market where unit prices have risen nearly 30% over five years. This north-facing 15th-floor residence provides a spacious 93m² layout with two bathrooms, catering to professionals or small families seeking space and light. With an estimated rent of $650 per week and the suburb's tight 1.8% vacancy rate, this investment is positioned for strong tenant demand, reflected in its ASPIRE Score™ of 60/100 for a strategic 2 bedroom apartment Melrose Park investment.