What is the price of Unit A902 at Terra Residences, Melrose Park?

Unit A902 is priced at $950,000.

What is the estimated rental yield for Unit A902?

The estimated gross rental yield for Unit A902 is 3.6%, with an expected rent of $650 per week.

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

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

What amenities are near Unit A902, Melrose Park?

Melrose Park offers access to parks, community clubs, quality schools, and is close to West Ryde station and Victoria Road transport.

Is Melrose Park suitable for families and professionals?

Yes, Melrose Park is popular with families and professionals due to its schools, parks, and proximity to major employment hubs.

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Residence

Unit A902

Level 9

Prime 2 Bed Residences

Name: Unit A902 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 950000 AUD
Availability: InStock

Terra Residences — Unit A902 | 2B/2B/1C

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

61ASPIRE

$950,000

3.6% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

87m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$950,000

NSW Stamp Duty

$37,280

Est. Weekly Rent

$650/wk

Gross Yield

3.56%

Year 1 After-Tax Cashflow

$-3,843

Est. Mortgage (80% LVR)

$1073/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 $950,000, this investment presents a strategic entry point into Melrose Park's unit market, which has seen a robust 28.5% growth over five years. This high-level 2-bedroom, 2-bathroom apartment offers a modern layout ideal for a professional tenant, aligning with the suburb's median rent of $650 per week. While the ASPIRE Score™ is 61, the strong suburb fundamentals and a tight 1.8% vacancy rate indicate solid rental demand for a well-positioned two-bedder.