Affordable homes are hard to come by these days but every now and then, buyers can strike gold if they know where to look.
While your best bet for a bargain property is regional SA, a handful of listings under $250,000 are also currently up for grabs across Adelaide’s metro area, meaning they are priced $543,000 less than the current citywide median house price.
With home prices predicted to climb another 3 to 7 per cent this year, each of these homes could be ideal for those looking to finally get their foot on the property ladder.
But be warned, there’s a reason these homes are so cheap so get ready to compromise.
R59/925-963 Port Wakefield Road, Bolivar
Price: $129,950
So okay, calling this caravan extension a home might be a stretch but who are we to decide what could be one man’s castle? Located within the Highway 1 Holiday and Lifestyle Park, about 20 minutes from Adelaide’s CBD, the home features two bedrooms with built-in robes, a kitchen with gas cooking and ample cupboard space, a dining area, lounge area, as well as the absolute must have during summer: airconditioning.
On a budget? Then this home could help you get your foot on the property ladder.
A spacious layout features throughout the home.
An outdoor laundry has also been equipped with a washing machine and dryer, while a low-maintenance front garden has automatic drip irrigation. Pets’ are negotiable (subject to CPA approval) and there are no restrictions on the age of the buyers. However, purchasers should be aware that a weekly site fee of $205 forms part of the sale, which will also cover your water bill. You’ll also have free access to not one but two swimming pools, an indoor recreation hall for leisure activities, a communal barbecue area and a nearby playground.
The property is for sale through Tony Minopoulos of Ray White Craigmore.
Cabin 17 1/304 Bains Road, Woodcroft
Price: $146,000 to $160,000
While we’re on the topic of lifestyle park living, here’s another one that could prove popular with buyers.
Marketed towards full time owner occupiers (the property can’t be rented), the cottage-like home is located within Woodcroft Park in Adelaide’s southern suburbs.
It will appeal to nature lovers, with the updated residence located in a bushland and creek setting, with lawned common areas, a Fauna Park, barbecue facilities and a children’s playground.
This cabin-like home is marketed towards owner occupiers.
A modern kitchen is a real surprise when you step inside.
The home itself features an open-plan dining, lounge and family room with feature floor boards and reverse-cycle airconditioner. A modern kitchen comes with ample cupboard space and the master bedroom has a built-in-robe. Unfortunately no cats or dogs are allowed on the property.
The property is for sale through Derek Sobkowiak of Century 21 Southern.
401 & 422/304 Waymouth Street, Adelaide
Price: $$165,000 to $180,000
If living in a holiday park isn’t your cup of tea, then this one bedroom unit in the heart of Adelaide might get your attention.
Ideal for first homebuyers and investors, the studio apartments – located in the heart of the CBD – comes fully furnished, has an open-plan living and dining area, a kitchenette, a study nook and a private balcony.
This “tiny” home could appeal to first homebuyers and investors.
The studio apartment is currently lased but could become a private home.
The home is currently managed by UniLodge, with income generated through a high occupancy pool scheme. The average yield return is 7.2 per cent after management and operating expenses.
Looking to move in as an owner occupier? This can be done via three months written notice at the middle and end of the semester.
The apartment is on the market with Toby Shipway of Ray White Adelaide City.
501/88 Frome Street, Adelaide
Price: $200,000
If you’re home hunting as an investor, then this hotel-like suite could spark your interest.
Located within the Frome Apartments complex and mere minutes from the Botanic Gardens, this one-bedroom units promises a secure long-term lease with a guaranteed income of $1133 per month, plus annual increases.
As an added benefit, no stamp duty is payable on the purchase price, subject to Revenue SA approval.
Looking for a bargain investment? This could be it.
The apartment is only minutes from Adelaide CBD.
The unit overlooks Frome Street, comes fully furnished and comprises a bathroom, kitchenette, separate double bedroom with split-system airconditioning and living dining area with a small balcony overlooking the city skyline. The home is not suitable for owner-occupiers.
The apartment is on the market with Guy Measday of Turner Real Estate.
157/50 Andrews Road, Penfield
Price: $239,000 – $259,000
Over 50 and looking to downsize? Has life thrown you a curveball and you’re needing to find a new home? Then this budget-friendly, two-bedroom corner residence may just be what you’ve been looking for.
Nestled within the secure Northern Community Residential Village – designed exclusively for those over 50 – the home features a versatile layout that includes a light-filled front lounge, a separate meals area, a gallery kitchen and two bedrooms.
The corner home is ideal for buyers over 50.
The home offers a versatile and wheelchair friendly layout.
The home is wheelchair friendly with a ramp leading to a raised porch. The rear veranda has paved flooring and is surrounded by low-maintenance garden beds. An automatic roller-door carport provides secure parking with convenient rear access.
Buyers should be aware that a weekly site fee of $216 will have to be paid, with potential Centrelink rent assistance.
The home is mere minutes from Eyre Village Shopping Centre and Elizabeth City Centre is just a five-minute drive down the road.
The property is for sale through Mike Lao and Brendon Ly of Edge Realty.
