65/23 Norton Street, Leichhardt NSW 2040
65/23 Norton Street, Leichhardt NSW 2040
2 bed, 2 bath, 1 car | 109m² | Italian Forum precinct | Flood overlay noted | Strong rental demand
This unit holds a genuine edge in Leichhardt’s apartment market: the 109m² footprint is notably larger than most two-bedroom stock in the inner west, and the second bathroom plus secure parking makes it a practical fit for downsizers, professional couples, or investors targeting long-term tenants. Its position within the Italian Forum delivers walkable dining, transport, and daily amenity that older walk-up blocks simply cannot match, which is why it tends to attract buyers prioritising low-maintenance living over land ownership. The configuration is best suited to those who want space without a house, and the rental profile suggests consistent occupancy.
The flood overlay is the main factor to weigh, as it may influence future renovation scope or insurance costs, though it does not appear to have suppressed recent transaction activity. The building’s strata structure and shared amenities add ongoing fees, and the lack of confirmed internal finish details means the actual condition could shift perceived value either way. Buyers should verify floor level, orientation, and any recent upgrades before forming a firm price view, as these elements often separate similar units in this complex.
|| Comparable Sales: 35/21-23 Norton Street sold $1.085M for 3/2/2 in Mar 2023 | Property Price Band: $900K–$1.0M | Value Drivers: Larger floorplan, dual bathrooms, central precinct location with parking
Detailed Independent Property Report prepared by PropCred Analyst team for 65/23 Norton Street, Leichhardt NSW 2040
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
!
1
Execution Risk
✓
Market Insight
Leichhardt is a vibrant, well-established inner-west suburb with strong transport links and high owner-occupier appeal. Demand is driven by families seeking renovated character homes and first-home buyers, creating robust competition. House prices have demonstrated significant recent strength, while the unit market presents a more nuanced picture. Future growth is anchored in its enduring lifestyle and amenity, though high entry prices present a key affordability constraint.
PropCred Estimated Value
Comparable Sales: 35/21-23 Norton Street sold $1.085M for 3/2/2 in Mar 2023 | Property Price Band: $900K–$1.0M | Value Drivers: Larger floorplan, dual bathrooms, central precinct location with parking
Bedrooms
2
Bathroom
2
Parking
1
Land
109m²
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