5 Norton StreetLeichhardt NSW 2040
Property Details for 5 Norton St, Leichhardt
Last Listing description (August 2018)
The property provides an outstanding opportunity to acquire an affordable freehold mixed use building with excellent exposure to Norton Street.
The property is being offered with vacant possession and is suitable for owner occupiers, value add specialists and investors alike. The property offers versatility in occupancy and genuine upside that will be captured under Urban Growth NSW strategic infrastructure upgrades.
Key highlights of the property include:
- Within very close proximity to the strategic growth corridor of Paramatta Road that links Sydney CBD to the West
- Excellent access to public transport, with local bus stops within 50 metres of the property linking to the CBD
- Flexible B2 Local Centre zoning allowing many and multiple uses (STCA)
- Undercapitalised property with potential for building extension (STCA)
- Potential for multiple income streams over separate occupancies
- Front and rear lane access
- Valuable off street secure parking
- Underlying development upside under the Parramatta Road Urban Transformation Strategy that proposes an increase in the floor to space ratio from 1:1 to 3:1
- Suitable for investors, owner occupiers or value add specialists
The property will be sold by way of Public Auction, June 7 at 10:30am.
For more information, please contact the exclusive agents from Colliers International.
Property History for 5 Norton St, Leichhardt, NSW 2040
- 07 Jun 2018Sold for $990,000
- 10 May 2018Listed for Sale By Negotiation
- 15 Nov 2016Listed for Rent $28,340 / year
Recent sales nearby
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About Leichhardt 2040
The size of Leichhardt is approximately 2.6 square kilometres. It has 16 parks covering nearly 6.6% of total area. The population of Leichhardt in 2016 was 14625 people. By 2021 the population was 15158 showing a population growth of 3.6% in the area during that time. The predominant age group in Leichhardt is 30-39 years. Households in Leichhardt are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Leichhardt work in a professional occupation.In 2021, 57.90% of the homes in Leichhardt were owner-occupied compared with 57.60% in 2016.
Leichhardt has 9,029 properties. Over the last 5 years, Houses in Leichhardt have seen a 43.72% increase in median value, while Units have seen a 25.75% increase. As at 31 December 2025:
- The median value for Houses in Leichhardt is $2,257,081 while the median value for Units is $1,148,877.
- Houses have a median rent of $910 while Units have a median rent of $750.
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