What is the price of Unit A1701 at Terra Residences, Melrose Park?

Unit A1701 is priced at $1,150,000.

What is the estimated rental yield for this apartment?

The estimated gross rental yield is 2.9%.

How does the apartment size compare to others in Melrose Park?

At 111m², this apartment offers a larger-than-average living space for a two-bedroom unit in Melrose Park.

What is the five-year unit price growth in Melrose Park?

Unit values in Melrose Park have increased by 28.5% over five years.

Is Melrose Park suitable for families and professionals?

Yes, with quality schools, parks, and reliable transport, Melrose Park appeals to both families and professionals.

Ding Real EstateIntegrated Property Financial Advisory

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

About Contact

Residence

Unit A1701

Level 17

Prime 2 Bed Residences

Name: Unit A1701 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1150000 AUD
Availability: InStock

Terra Residences — Unit A1701 | 2B/2B/1C

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

57ASPIRE

$1,150,000

2.9% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

111m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,150,000

NSW Stamp Duty

$46,280

Est. Weekly Rent

$650/wk

Gross Yield

2.94%

Year 1 After-Tax Cashflow

$-8,232

Est. Mortgage (80% LVR)

$1299/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 $1,150,000, this 2 bedroom apartment in Melrose Park presents a strategic entry into a high-growth suburb where unit values have climbed 28.5% over five years. Occupying a prime level with cross-flow design, the 111m² layout offers family-scaled space in a locale prized for its walkability and proximity to Kissing Point Park. With an ASPIRE Score of 57/100 indicating solid fundamentals, investors benefit from a healthy $650/week rental estimate in a market with a tight 1.8% vacancy rate, underwriting long-term tenant demand.