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Residence
Unit A1302
Level 13
Prime 2 Bed Residences
Terra Residences — Unit A1302 | 2B/2B/1C
33 Hope St Melrose Park NSW 2114 · Melrose Park, NSW 2114
61ASPIRE
$985,000
3.4% gross yield
Residence Configuration
2
Bedrooms
2
Bathrooms
1
Car Space
87m²
Total Area
Aspect: Building A
Financial Analysis
Purchase Price
$985,000
NSW Stamp Duty
$38,855
Est. Weekly Rent
$650/wk
Gross Yield
3.43%
Year 1 After-Tax Cashflow
$-4,611
Est. Mortgage (80% LVR)
$1113/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 sharp $235,000 below Melrose Park's $750,000 unit median, this 2-bedroom apartment in Prime offers immediate entry-level equity. Its 13th-floor aspect in Building A provides elevated living, capitalising on the suburb's 78/100 growth potential and family-centric appeal. With an ASPIRE Score™ of 61/100 and a forecasted first-year cashflow of -$4,611, this investment suits a long-term strategy, leveraging a tight 1.8% vacancy rate and the area's strong 28.5% five-year growth trajectory for 2-bedroom apartment Melrose Park investment opportunities.
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Related Insights
Melrose Park Suburb Profile
2114 · Median $750K
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