Ding Real EstateIntegrated Property Financial Advisory
Residence
Unit A905
Level 9

Prime 2 Bed Residences

Terra Residences — Unit A905 | 2B/2B/1C

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

61ASPIRE
$975,000
3.5% gross yield

Residence Configuration

2
Bedrooms
2
Bathrooms
1
Car Space
96
Total Area
Aspect: Building A

Financial Analysis

Purchase Price
$975,000
NSW Stamp Duty
$38,405
Est. Weekly Rent
$650/wk
Gross Yield
3.47%
Year 1 After-Tax Cashflow
$-4,391
Est. Mortgage (80% LVR)
$1101/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 30% premium to Melrose Park's $750,000 median unit price, this 2 bedroom apartment investment offers a strategic entry into a high-growth suburb boasting 28.5% 5-year unit growth. The 96m² floorplan on Level 9 provides a spacious 2 bed, 2 bath configuration, delivering the low-maintenance lifestyle sought by the area's $85,000 median income professional and family demographic. With an estimated weekly rent of $650 underpinned by a tight 1.8% vacancy rate, this property presents a solid foundation for long-term capital growth, reflected in its balanced ASPIRE Score™ of 61/100.

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Your Agent

Graham Chee
Ding Real Estate
0283388900 [email protected]

Quick Summary

Property Typeland
Level9
AspectBuilding A
Deposit (20%)$195,000
Loan Amount$780,000

Development Features

Level 12 apartment
2 spacious bedrooms
2 modern bathrooms
secure undercover parking for 1 car
dedicated study nook
89sqm internal living space
14sqm balcony area
south and west facing aspect