What is the price of Unit A1803 at Terra Residences, Melrose Park?

Unit A1803 is priced at $1,085,000.

What is the estimated rental yield for Unit A1803, Melrose Park?

The estimated gross rental yield for Unit A1803 is 3.1%.

How does the price of this apartment compare to the Melrose Park median?

At $1,085,000, this apartment is 44.7% above the $750,000 median unit price in Melrose Park.

What are the key features of Unit A1803 at Terra Residences?

Unit A1803 offers 2 bedrooms, 2 bathrooms, 1 car space, a north-facing aspect, and is situated on level 18 with 93m² total area.

Is Melrose Park a good suburb for property investment?

Melrose Park has seen 28.5% unit price growth over 5 years, a 4.5% median rental yield, and a low 1.8% vacancy rate.

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Residence

Unit A1803

Level 18

Prime 2 Bed Residences

Name: Unit A1803 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1085000 AUD
Availability: InStock

Terra Residences — Unit A1803 | 2B/2B/1C

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

60ASPIRE

$1,085,000

3.1% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

93m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,085,000

NSW Stamp Duty

$43,355

Est. Weekly Rent

$650/wk

Gross Yield

3.12%

Year 1 After-Tax Cashflow

$-6,806

Est. Mortgage (80% LVR)

$1226/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 44.7% above the $750,000 median unit price, this Prime 2-bedroom, 2-bath apartment reflects its premium position on level 18. The north-facing aspect ensures excellent natural light in a sought-after building within Melrose Park's family-centric community. Despite a first-year cashflow of $-6,806, its 3.12% yield and ASPIRE Score™ of 60/100 offer a strategic entry into a market with a tight 1.8% vacancy rate, securing long-term tenant demand for a 2 bedroom apartment Melrose Park investment.