Unit 718/18 Park Lane
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About this property
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 - Generous built-in robes; ducted air conditioning; internal laundry - 24/7 concierge, heated pool, spa, gym, communal gardens - Walk to USyd, RPA, light rail, Surry Hills, Newtown - Tenant in place settle and start earning from day one Property Code: 2161
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 1
- Bathrooms
- 1
- Listed
- 3 months ago
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Neighbourhood
Living in Chippendale
This 1-bedroom apartment in Chippendale, NSW 2008 sits within reach of public transport, local shops and nearby schools. It is listed 55% below the $1.23m median of 76 comparable apartmentswithin 5 km.
Schools near Chippendale
- Darlington Public Schoolprimary · P-6 · CoEd
What's nearby
- University of Technology Sydney, Broadway (bus) — 179 m away
- Keydom — 40 m away
- Chippendale Green — 100 m away
- Strickland Park — 273 m away
- UTS Alumni Green — 297 m away
Chippendale at a glance
Full suburb profile- Population
- 7,803
- Median age
- 28
- Household income
- $1,606/wk
- Median rent
- $520/wk
- Median mortgage
- $2,409/mo
Source: ABS Census.
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Chippendale price trend
Median sold · Unit 1 bed
Compound growth -0.8% / yr over 4 yrs
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2 price changes recorded for this property
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