Ah, the charming coastal city of Adelaide! We’re real lovers of this capital city and today, we’ve handpicked 7 cheap houses for sale in the Adelaide suburbs.
And guess what? These hidden gems can be yours for under $300,000!
While Adelaide may not be as renowned for its coastal splendors like Queensland and New South Wales, this charming city in South Australia has its own unique allure. Nestled within its diverse suburbs are pockets of affordable homes waiting to be discovered.
From the leafy streets of Davoren Park to the up and coming neighborhoods of Elizabeth Vale, Adelaide is a great place to live when it comes to finding affordable house. So, grab your map, put on your exploring shoes, and let’s venture into the captivating world of Adelaide’s affordable housing market.
Cheap houses for sale in the Adelaide suburbs under $250 000
$215,000 – $225,000 – 25 Cudworth Street, Davoren Park, SA, 5113, Australia
Size: 2 bedroom, 1 bathroom
Median house price in Davoren Park: $330,000
Step right into this delightful semi-detached home, lovingly built in 1962. With 2 bedrooms and 1 bathroom, this property is an ideal choice for first home buyers or savvy investors. The lounge room, positioned at the front, creates a cozy and welcoming atmosphere, while the spacious dining area seamlessly connects to a well-appointed kitchen, perfect for culinary adventures.
One of the standout features of this home is the generous rear yard, providing ample space for entertaining and enjoying outdoor activities. Nature lovers will appreciate the close proximity to local reserves, offering picturesque surroundings. Plus, with Broadmeadows Train Station just a stone’s throw away, commuting to Gawler or the CBD is a breeze.
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$225,000 – $275,000 – 13 Knighton Road, Elizabeth North, SA, 5113, Australia
Size: 3 bedroom, 1 bathroom
Median house price in Elizabeth North: $295,000
Welcome to this charming move-in ready home, offering a life of convenience on a generous 471sqm approx block. Perfect for first-time buyers, young families, and downsizers, this three-bedroom, one-bathroom abode is located in one of the cheapest suburbs in Adelaide.
As you approach, the vibrant front yard and striking red brick facade instantly captivate, creating a warm and inviting home. Step inside to discover an open-plan kitchen, meals, and lounge room, providing ample living space. The spacious backyard holds incredible potential to become your dream outdoor entertainment area.
The three bedrooms, set to one side of the floorplan, boast the same charming pine floorboards. At the rear, you’ll find the laundry and bathroom, complete with a separate toilet to accommodate busy households.
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$239,000 – $259,000 – 2 Midlow Road, Elizabeth Downs, SA, 5113, Australia
Size: 2 bedroom, 1 bathroom
Median house price in Elizabeth Downs: $350,000
What an incredible opportunity to secure a highly affordable investment property. Dating back to 1960, this delightful two-bedroom semi-detached home sits on a generous allotment of approximately 508sqm, offering ample space and potential. Its prime location allows for easy access to the local primary school, shopping precinct, and public transport, making it an ideal choice for both investors and first-time buyers.
Step inside and be greeted by an open plan kitchen/meals area, perfect for hosting family and friends. The two generous-sized bedrooms provide comfort and flexibility, while the formal lounge, complete with an air conditioner, offers a cozy retreat. The beautiful timber floorboards add warmth and character throughout the home. The all-electric kitchen boasts ample storage, ensuring functionality and convenience.
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Cheap houses for sale in the Adelaide suburbs under $300 000
$250,000 range – 67 Mahood Street, Elizabeth Grove, SA, 5112, Australia
Size: 2 bedroom, 1 bathroom
Median house price in Elizabeth Grove: $370,500
This property is a fantastic opportunity for a wide range of buyers, including first-time buyers, young families, and investors. With two spacious bedrooms and a sizeable bathroom, it caters to comfort and convenience.
The separate formal lounge is perfect for entertaining guests, while the open plan kitchen and dining area provide flexibility for casual meals. Desirable features include generous bedrooms, a large bathroom, a formal lounge, an open plan kitchen and dining area, a carport, undercover entertaining area, enclosed backyard, side entry, off-street parking, and reverse cycle air conditioning.
Positioned in a sought-after location, it is close to schools, shopping centers, and amenities, making it an ideal investment or affordable first home.
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$250,000 – 43 Davison Crescent, Smithfield Plains, SA, 5114, Australia
Size: 3 bedroom, 1 bathroom
Median house price in Smithfield Plains: $340,000
Conveniently located and ready for its new owners, this neat duplex home, built in 1968, is an excellent investment or entry-level buying opportunity. Set on a manageable 483sqm allotment (approx.), it offers both comfort and convenience.
Inside, you’ll find three bedrooms, with built-in robes in bedrooms one and two. The spacious lounge features a gas wall heater, ensuring cozy winter evenings, while the functional kitchen boasts a gas cooktop and ample cupboard storage. Hardwood flooring flows through the bedrooms and lounge room, adding character to the home.
With its ideal location, this home is within walking distance to shopping amenities, eateries, public transport, and tranquil walking trails.
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$289,000 – $315,000 – 6/14 Rhyne Avenue, Salisbury, SA, 5108, Australia
Size: 2 bedroom, 1 bathroom
Median house price in Salisbury: $480,000
Tucked away in a quiet neighbourhood, this two-bedroom property is a hidden gem ready to be called home. Step inside to discover charming interiors with a neutral paint palette and an open plan living/dining/kitchen space, perfect for modern living.
The central bathroom offers a bathtub, shower, and separate toilet. Outside, enjoy the pergola, shade house, grassy yard, single carport, and inviting front entrance porch. Conveniently located near shopping centres, train station, parks, and schools, it’s an ideal choice for families, couples, first home buyers, downsizers, or investors.
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$300,000 range- 35 Carabeen Crescent, Andrews Farm, SA, 5114, Australia
Size: 2 bedroom, 1 bathroom
Median house price in Andrews Farm: $403,000
Introducing this delightful timber frame home, now available for sale. Set on a generous land size of approximately 560m2, this property offers ample rear open space for the kids to play. Located just a short distance from the Munno Para and Curtis Road shopping precincts, as well as transport options, convenience is at your doorstep.
With endless possibilities, it’s a must-see property where you can draw your own conclusions. Step inside to an open plan lounge/dining area, perfect for entertaining. This versatile space can be utilized for dining, family, and lounge areas combined. There’s even potential to create an additional bedroom by sectioning off part of the lounge.
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More on cheap houses for sale in the Adelaide suburbs
Will Adelaide house prices fall?
It is possible that Adelaide house prices will fall in the near future. The Australian property market is currently experiencing a cooling period, and Adelaide is no exception. Some factors that could contribute to a fall in house prices in Adelaide include:
- Rising interest rates: The Reserve Bank of Australia (RBA) has begun to raise interest rates in an effort to combat inflation. This could make it more expensive to borrow money, which could lead to a decline in demand for property.
- Economic slowdown: The Australian economy is expected to slow down in the coming months. This could lead to job losses and a decrease in household income, which could create issues with housing affordability.
- Oversupply of housing: There is currently an oversupply of housing in Adelaide. This could lead to a decline in prices as sellers compete for buyers.
- However, it is also possible that Adelaide house prices will continue to rise. Some factors that could contribute to a rise in house prices in Adelaide include:
- Strong population growth: Adelaide’s population is growing rapidly. This is leading to an increase in demand for housing, which could push prices up.
- Low unemployment: The unemployment rate in Adelaide is low. This means that people have more money to spend, which could lead to an increase in demand for housing.
- Strong economy: The Adelaide economy is strong. This is leading to an increase in incomes, which could make it more affordable for people to buy a home.
Ultimately, it is impossible to say for sure whether Adelaide house prices will fall or rise. But the low cost of living in Adelaide and affordable property prices will continue to attract locals and international migrants. The decision of whether or not to buy property in Adelaide is a personal one that should be based on your individual circumstances and goals.
What place has the cheapest house?
The place with the cheapest house is usually a rural area or a small town. In Australia, some of the cheapest places to buy a house include:
- Broken Hill, New South Wales
- Dubbo, New South Wales
- Mildura, Victoria
- Port Pirie, South Australia
- Whyalla, South Australia
These towns are all located in regional areas and have relatively low populations. This means that there is less demand for housing, which drives down prices.
What is the most affordable city to buy a home Australia?
The most affordable city to buy a home in Australia is usually a regional city or a small town. In terms of capital cities, Adelaide is the most affordable city to buy a home in Australia.
According to SQM Research, the median house price in Adelaide is around $780,000, which is significantly lower than the median house prices in other capital cities.
Is it worth buying property in Adelaide?
Whether or not it is worth buying property in Adelaide depends on your individual circumstances and goals. If you are looking for an affordable place to live with a good quality of life, then Adelaide may be a good option for you. You can even explore the most expensive houses in Adelaide. However, it’s best to consult a professional and study the real estate market before making any big decisions.
