Add CategoryA house for under $300,000 less than 20km from the CBD?
No, that isn’t a fantasy – but it is an opportunity quickly becoming as rare as hen’s teeth.
According to a new ANZ Bank report, Adelaide house prices are predicted to end the year 7 per cent higher than they started, meaning buyers could be forced to pay an extra $53,200 by 2025, as the new median climbs to $813,200.
For now, however, a slew of new listings has brought with it a number of bargain homes – perhaps the last of their kind.
Here’s what’s on offer.
Price: $165,000 to $185,000
This unique property offers a fantastic opportunity for those in search of an affordable one-bedroom homette in the sought-after suburb of Magill.
Whether you’re a first-time buyer looking for a cozy home or an investor eager to add value to your rental portfolio, this property holds great potential.
With a little updating, it can be transformed into a charming and comfortable space with the home’s current set up including a main room with a loft bed, split system airconditioning, a bathroom with a shower over bath, a kitchenette and access to a communal laundry.
Best of all, mortgage repayments will set you back as little as $200 a week, based on a 15 per cent deposit and a 6.28 per cent principal and interest loan.
Situated mere minutes away from Tower Hotel, Magill Village, The Parade and Firle Plaza and Uni SA, this home won’t be on the market for long.
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![Supplied Real Estate 10/29 Edward Street, Magill](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
10/29 Edward Street, Magill
10/29 Edward Street, Magill
10/29 Edward Street, Magill
Price: $180,000 to $190,000
This community-titled unit is located in one of Adelaide’s fastest growing suburbs, with prices having jumped by 33.5 per cent over the past year.
The one-bedroom home, currently leased to a long-term tenant, is located just a few minutes walk to shops and amenities and public transport is also close by.
The home could benefit from minor upgrades but could proof ideal for occupiers with disabilities.
Mortgage repayments are $218 a week, based on a 15 per cent deposit and a 6.28 per cent principal and interest loan.
41/144 Main South Road, Hackham
41/144 Main South Road, Hackham
41/144 Main South Road, Hackham
Price: $245,000 to $265,000
Ideal for first-time buyers, downsizers or investors, this property offers a hassle-free opportunity with a reliable income stream.
The two-bedroom home is currently leased to a reliable tenant since 2018 and in a fixed term agreement to February 2025.
Enjoy no downtime or letting fees and start earning rental income from day one with plenty of scope to increase the rent.
A simple renovation could enhance value and capital growth with the average median rent tracking at $395 a week for a unit.
The home is sure to proof popular with owner-occupiers or future tenants with the Salisbury Interchange and central hub including TAFE SA, Parabanks Shopping Centre, Hoyts Cinema, restaurants, and cafes only a short commute away.
18/9 Brian Street, Salisbury
18/9 Brian Street, Salisbury
18/9 Brian Street, Salisbury
Price: $285,000 to $305,000
With a cachet of convenience right at your fingertips, nabbing this one-bedroom wonder in the thriving northeast is the picture-perfect solution to escaping the rent race and giving you your own slice of homeowning ease.
The home has been freshly updated and is now spilling with natural light.
Enjoy a fresh, open-plan interior warmed with honey-toned floating floors, and headlined by the stylish modern kitchen letting you cook in stress-free simplicity.
With handy access to public transport options, including the Paradise Interchange offering traffic-free city-bound commutes, a short stroll to the vibrant Campbelltown shopping strip serving up all your daily essentials … claiming this cosy enclave couldn’t be better.
2/656 Lower North East Road, Paradise
2/656 Lower North East Road, Paradise
2/656 Lower North East Road, Paradise
Price: $289,000 to $309,000
With its prime location at North Terrace, this property presents a spectacular opportunity for discerning investors looking to expand their portfolio or someone looking to enjoy the convenience of city living.
The fully furnished three-bedroom apartment offers an appealing proposition for those seeking a fuss-free, lock-and-leave style of living.
Mortgage repayments are $387 a week, based on a seven per cent deposit and a 6.28 per cent principal and interest loan.
3.3/227 North Terrace, Adelaide
3.3/227 North Terrace, Adelaide
3.3/227 North Terrace, Adelaide