157/23 Norton Street, Leichhardt NSW 2040

154 m² three-bedroom apartment | double parking | Italian Forum location | flood overlay flagged This property offers a genuinely uncommon configuration for the Inner West apartment market. At 154 m² with three bedrooms, two bathrooms, and two car spaces, it competes more with terrace house living than with typical strata stock. The Italian Forum positioning places it within walking distance of Norton Street’s dining and retail, and the school catchment adds further appeal for owner-occupiers. For a buyer seeking space, parking, and lifestyle convenience without a house price tag, this unit represents a rare and defensible buying proposition. The flood overlay is the primary risk and warrants a specific due diligence check on the exact lot level, as it may affect insurance costs and future resale. The auction campaign suggests the seller expects competitive tension, so a pre-auction strata report and review of recent comparable sales in the building are essential. The building’s 50% rental mix and 0% auction clearance rate in the street profile may indicate softer demand for certain unit types, but this property’s size and layout should differentiate it. For a buyer who values space and parking over a pristine risk profile, this unit offers a clear opportunity.