718/18 Park Lane, Chippendale, NSW 2008 | Apartment for sale | OnTheHouse
 
FOR SALE
$550,000

718/18 Park Lane
Chippendale NSW 2008

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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A Rare Investment-Grade Studio Inside Central Park

Behind the famous vertical gardens of Central Park, level 7, sits a studio that does something rare in inner Sydney — it earns its keep while delivering a five-star lifestyle. Designed for investors who want yield without compromise, or owner-occupiers who refuse to choose between location, building and lifestyle.
A streamlined open-plan layout opens onto a wintergarden-style balcony framed by floor-to-ceiling glass. Smeg gas kitchen on stone benchtops; bedroom naturally separated with full-height built-in robes. Ducted air, internal laundry, walk-in shower — properly finished, not just for show.
Central Park needs no introduction. Pritzker-laureate architecture, 24-hour concierge, heated pool, spa, gym, communal gardens, and on-site retail and dining at street level. Step outside and you're moments from the University of Sydney, RPA Hospital, the Goods Line, Spice Alley, and the light rail at Central — CBD ten minutes away, Surry Hills, Newtown and Glebe within walking distance.
Investment highlights
- Currently leased at $900 per week to a quality tenant (paid in advance, professionally managed by Capri Property Management)
- $46,800 p.a. gross income — well above the average Sydney apartment yield
- Outgoings approximate: Strata $1,778/q · Council $335/q · Water $300/q
At a glance
- Open-plan living, dining, kitchen with Smeg gas appliances and stone surfaces
- Floor-to-ceiling glass to wintergarden-style balcony
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Property Details for 718/18 Park Lane, Chippendale

718/18 Park Lane, Chippendale is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Capri Property Mangement - Ashfield.

Building Type
Apartment
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About Chippendale 2008

The size of Chippendale is approximately 0.5 square kilometres. There are 5 parks, covering nearly 2.9% of the total area. The population of Chippendale in 2016 was 8617 people. By 2021 the population was 7803 showing a population decline of 9.4% in the area during that time. The predominant age group in Chippendale is 20-29 years. Households in Chippendale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chippendale work in a professional occupation.In 2021, 21.50% of the homes in Chippendale were owner-occupied compared with 23.90% in 2016.

Chippendale has 5,646 properties. Over the last 5 years, Houses in Chippendale have seen a -9.99% decrease in median value, while Units have seen a -6.26% decrease. As at 31 July 2026:

  • The median value for Houses in Chippendale is $1,578,569 while the median value for Units is $798,959.
  • Houses have a median rent of $1,100 while Units have a median rent of $900.
There are currently 30 properties listed for sale, and 48 properties listed for rent in Chippendale on OnTheHouse. According to Cotality's data, 196 properties were sold in the past 12 months in Chippendale.

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Zhong Ying (Alan) Tong
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Capri Property Mangement - Ashfield
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