What is the price of Unit A1707 at Terra Residences?

Unit A1707 is priced at $1,130,000.

What is the estimated rental yield for Unit A1707?

The estimated gross rental yield is 3.0% based on a weekly rent of $650.

How does the price of this unit compare to the Melrose Park median?

This unit is priced above the Melrose Park median unit price of $750,000, reflecting its premium features and location.

What is the ASPIRE Intelligence Score for this property?

Unit A1707 has an ASPIRE Intelligence Score of 57/100.

What lifestyle amenities are nearby in Melrose Park?

Residents enjoy parks, local shopping, community clubs, and easy access to West Ryde Station and major employment hubs.

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Residence

Unit A1707

Level 17

Prime 2 Bed Residences

Name: Unit A1707 — Prime 2 Bed Residences
Brand: Ding Real Estate
Price: 1130000 AUD
Availability: InStock

Terra Residences — Unit A1707 | 2B/2B/1C

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

57ASPIRE

$1,130,000

3.0% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

94m²

Total Area

Aspect: Building A

Financial Analysis

Purchase Price

$1,130,000

NSW Stamp Duty

$45,380

Est. Weekly Rent

$650/wk

Gross Yield

2.99%

Year 1 After-Tax Cashflow

$-7,793

Est. Mortgage (80% LVR)

$1276/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

With an ASPIRE Score™ of 57/100, this investment presents a strategic entry into Melrose Park's unit market, priced at $1,130,000 against a $750,000 suburb median, indicating a premium, high-specification asset. The 17th-floor, 94sqm two-bedroom, two-bathroom layout offers a spacious, low-maintenance foothold in this family-friendly suburb renowned for its 4.5% rental yields and 28.5% five-year growth. While the annual cashflow is estimated at -$7,793, the investment is underscored by strong rental demand evidenced by a tight 1.8% vacancy rate, positioning it for robust long-term capital appreciation in a supply-constrained locale.