What is the price of Unit A1507 at Terra Residences?

Unit A1507 is priced at $1,110,000.

How large is Unit A1507 at Terra Residences?

The apartment offers a total area of 94m².

What is the estimated rental yield for Unit A1507?

The estimated gross rental yield is 3.0% with a projected rent of $650 per week.

How has the Melrose Park unit market performed in recent years?

Melrose Park has seen a 28.5% unit price growth over five years and 4.8% over the past year.

Is Melrose Park suitable for families and professionals?

Yes, with quality schools, parks, strong community, and direct transport links, Melrose Park appeals to both families and professionals.

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Residence

Unit A1507

Level 15

Prime 2 Bed Residences

Name: Unit A1507 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1110000 AUD
Availability: InStock

Terra Residences — Unit A1507 | 2B/2B/1C

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

60ASPIRE

$1,110,000

3.0% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

94m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,110,000

NSW Stamp Duty

$44,480

Est. Weekly Rent

$650/wk

Gross Yield

3.05%

Year 1 After-Tax Cashflow

$-7,354

Est. Mortgage (80% LVR)

$1254/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 $360,000 above the suburb’s $750,000 median, this 15th-floor 2-bedroom apartment commands attention as a larger-format asset in a tightly held market. Its 94m² floorplan offers substantial space for families or professionals, capitalising on Melrose Park’s strong 28.5% five-year unit growth. The $650 weekly rent, aligned with suburb medians, meets robust demand evidenced by a low 1.8% vacancy rate, though investors should note the strategic trade-off for capital growth given its 60/100 ASPIRE Score™ and first-year cashflow position.