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Residence
Unit A1205
Level 12
Prime 2 Bed Residences
Terra Residences — Unit A1205 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$1,005,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
96m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$1,005,000
NSW Stamp Duty
$39,755
Est. Weekly Rent
$650/wk
Gross Yield
3.36%
Year 1 After-Tax Cashflow
$-5,050
Est. Mortgage (80% LVR)
$1135/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 $1,005,000, this 2-bedroom apartment presents a compelling entry point $255,000 below the suburb's median unit price, offering significant equity upside in a market with 28.5% five-year growth. The north-facing aspect on the 12th floor captures abundant light, providing a spacious 96m² layout ideal for professionals or small families within Melrose Park's tight-knit community. With a low 1.8% vacancy rate ensuring strong tenant demand for its estimated $650/week rent, the property's ASPIRE Score of 61/100 indicates a solid foundation for long-term capital growth.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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