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Residence
Unit A2101
Level 21
Prime 2 Bed Residences
Terra Residences — Unit A2101 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
56ASPIRE
$1,200,000
2.8% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
105m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,200,000
NSW Stamp Duty
$48,530
Est. Weekly Rent
$650/wk
Gross Yield
2.82%
Year 1 After-Tax Cashflow
$-9,330
Est. Mortgage (80% LVR)
$1355/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 at a premium of $450,000 above the suburb’s $750,000 median unit price, this Prime 2 bed, 2 bath apartment commands attention despite its ASPIRE Score™ of 56/100. Its high-floor configuration in Building A offers spacious 105m² family living in a suburb renowned for its 4.5% rental yield and strong community appeal. Investors should note the $650/week estimated rent translates to a 2.82% yield, with a first-year cashflow of -$9,330 underscoring a strategy focused on long-term capital growth over immediate income.
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Melrose Park Suburb Profile
2114 · Median $750K
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