What is the price of Unit A405 at Terra Residences in Melrose Park?

Unit A405 is priced at $1,040,000.

What is the estimated rental yield for this apartment?

The estimated gross rental yield is 3.3%, based on an expected rent of $650 per week.

How does the size of this apartment compare to others in the area?

With a total area of 143m², Unit A405 offers significantly more space than many comparable 2-bedroom units in Melrose Park.

Is Melrose Park a good suburb for families and professionals?

Yes, Melrose Park offers quality schools, strong transport links, and a vibrant community, attracting families and professionals.

What is the ASPIRE Intelligence Score for this apartment?

Unit A405 at Terra Residences has an ASPIRE score of 60/100.

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Residence

Unit A405

Level 4

Prime 2 Bed Residences

Name: Unit A405 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1040000 AUD
Availability: InStock

Terra Residences — Unit A405 | 2B/2B/1C

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

60ASPIRE

$1,040,000

3.3% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

143m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,040,000

NSW Stamp Duty

$41,330

Est. Weekly Rent

$650/wk

Gross Yield

3.25%

Year 1 After-Tax Cashflow

$-5,818

Est. Mortgage (80% LVR)

$1175/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 $1,040,000, this 2-bedroom apartment represents a strategic entry into a market where unit values have risen 28.5% over five years, offering a compelling price point relative to the $750,000 suburb median. This north-facing residence on level 4 provides a generous 143m² layout perfect for owner-occupiers or tenants seeking spacious modern living close to parks and local schools. With a solid ASPIRE Score™ of 60/100, investors can leverage the suburb’s low 1.8% vacancy rate and strong rental demand, translating to a calculated weekly rent of $650.