What is the price of Unit A1702 at Terra Residences?

Unit A1702 at Terra Residences is priced at $1,020,000.

What is the rental yield for this Melrose Park apartment?

The estimated gross rental yield for Unit A1702 is 3.3%.

How has the Melrose Park unit market performed over 5 years?

Unit prices in Melrose Park have increased by 28.5% over the past five years.

What amenities are near 33 Hope St, Melrose Park?

The apartment is close to parks, quality schools, local shopping, and West Ryde station with good public transport links.

What is the ASPIRE Intelligence Score for this unit?

Unit A1702 has an ASPIRE Intelligence Score of 61 out of 100.

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Residence

Unit A1702

Level 17

Prime 2 Bed Residences

Name: Unit A1702 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1020000 AUD
Availability: InStock

Terra Residences — Unit A1702 | 2B/2B/1C

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

61ASPIRE

$1,020,000

3.3% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

87m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,020,000

NSW Stamp Duty

$40,430

Est. Weekly Rent

$650/wk

Gross Yield

3.31%

Year 1 After-Tax Cashflow

$-5,379

Est. Mortgage (80% LVR)

$1152/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 in high-demand Melrose Park, where unit prices have risen 28.5% over five years, this $1.02 million 2-bedroom apartment presents a strategic entry into a growth-focused market. The 17th-floor residence offers a functional 87 sqm layout with two bathrooms, aligning with the suburb's strong appeal to families and professionals. With a forecasted first-year cashflow of -$5,379 and an ASPIRE Score™ of 61/100, this investment targets capital growth, leveraging the suburb's tight 1.8% vacancy rate and proven rental demand of $650 per week.