104/1 Lucinda Avenue, Norwest NSW 2153

2 bed 2 bath 2 car with study | boutique Norwest complex | strong owner-occupier street | no flood or bushfire overlay This unit offers a configuration that is genuinely rare in the Norwest market — two car spaces and a separate study alongside the standard two bedrooms. That combination, in a boutique block on a street with 60% owner-occupiers, positions it well above the typical investor-grade apartment in the area. The property serves a buyer who needs home-office space and secure parking, and who values a quieter residential street over a high-density tower. The absence of any environmental overlays and the FTTP connection are supporting, not primary, advantages. The main risk is the unknown strata position. Without the levies, capital works balance, or any special levy history, the holding cost cannot be confirmed. The 2015 purchase price of $689,000 provides a useful long-term benchmark, but the 2023 rental amount was not disclosed, so the actual income return is unclear. The opportunity lies in the auction format — if the guide price aligns with the mid-$800,000s estimate, and the strata proves sound, this unit could represent a fair value entry into a well-located, low-supply segment.