When it comes to living large on a budget, Melbourne has a plethora of options to choose from. From the bustling city center to the quieter suburbs, there are plenty of cheap houses for sale that offer comfort, style, and affordability. With some research and a bit of luck, you can find your dream home without breaking the bank.
Melbourne is known for its rich history, cultural diversity, and stunning architecture. It has a unique charm that draws people from all over the world. The city is also home to some of the best schools, universities, and healthcare facilities in the country. Therefore, it’s not surprising that Melbourne’s real estate market is highly competitive. However, with the right approach and a bit of creativity, you can find affordable houses that meet your needs and preferences.
Top 10 Cheap Houses for Sale in Melbourne
1. The Bungalow in Clayton South
Nestled in the peaceful suburb of Clayton South, this charming bungalow is perfect for families looking for a quiet retreat. It features three bedrooms, a spacious living room, and a modern kitchen. The property also has a private garden and a garage. With a price tag of $550,000, it’s an excellent value for money.
2. The Art Deco Apartment in St Kilda
If you’re a fan of vintage architecture, this apartment is perfect for you. Located in the trendy neighborhood of St Kilda, this Art Deco gem boasts two bedrooms, a stylish bathroom, and a sun-drenched living room. It also has a communal garden and a bike storage area. With a price tag of $450,000, it’s a steal.
3. The Beachside Cottage in Williamstown
If you’re looking for a beachside retreat, this cottage in Williamstown is perfect for you. It features two bedrooms, a cozy living room, and a fully equipped kitchen. The property also has a private courtyard and a carport. With a price tag of $650,000, it’s an excellent investment.
4. The Family House in Blackburn North
This spacious family house in Blackburn North boasts four bedrooms, two bathrooms, and a large living area. It also has a modern kitchen, a private garden, and a garage. With a price tag of $800,000, it’s a great deal for families who need plenty of space.
5. The Townhouse in Heidelberg Heights
If you’re looking for a low-maintenance home, this townhouse in Heidelberg Heights is perfect for you. It features two bedrooms, a stylish bathroom, and an open-plan living area. It also has a private garden and a carport. With a price tag of $400,000, it’s an affordable option for first-time homebuyers.
6. The Character House in Northcote
If you’re a fan of character homes, this property in Northcote is perfect for you. It features three bedrooms, a spacious living area, and a beautiful backyard. The house also has period details such as leadlight windows, ornate ceilings, and a fireplace. With a price tag of $900,000, it’s a great investment for those who appreciate vintage charm.
7. The Modern Apartment in Port Melbourne
This luxurious apartment in Port Melbourne boasts two bedrooms, two bathrooms, and a stunning water view. It also has a modern kitchen, a spacious balcony, and a secure parking space. With a price tag of $750,000, it’s an excellent option for those who want a touch of sophistication.
8. The Renovated House in Essendon
This renovated house in Essendon features three bedrooms, two bathrooms, and an open-plan living area. It also has a modern kitchen, a private garden, and a garage. With a price tag of $850,000, it’s an excellent value for money.
9. The Duplex in Coburg North
This charming duplex in Coburg North boasts two bedrooms, a spacious living area, and a fully equipped kitchen. It also has a private garden and a carport. With a price tag of $550,000, it’s an affordable option for those who want a low-maintenance home.
10. The Victorian House in Fitzroy North
If you’re a fan of Victorian architecture, this house in Fitzroy North is perfect for you. It features three bedrooms, a spacious living area, and a beautiful backyard. The property also has original features such as stained glass windows, a fireplace, and a verandah. With a price tag of $1,200,000, it’s a great investment for those who appreciate heritage homes.
FAQs:
Q: How do I find cheap houses for sale in Melbourne?
You can find cheap houses in Melbourne by doing some research online, attending open inspections, and liaising with real estate agents. It’s also important to be flexible with your search criteria and location preferences.
Q: What are the best suburbs to buy a cheap house in Melbourne?
The best suburbs to buy a cheap house in Melbourne vary depending on your budget, lifestyle, and preferences. Some affordable and popular suburbs include Clayton South, St Kilda, Williamstown, Blackburn North, and Heidelberg Heights.
Q: Do I need a deposit to buy a house in Melbourne?
Yes, you will typically need a deposit of at least 10% of the purchase price to buy a house in Melbourne. However, some lenders may require a higher deposit depending on your financial situation and credit score.
Q: How do I negotiate the price of a cheap house in Melbourne?
You can negotiate the price of a cheap house in Melbourne by researching the property’s value, presenting a compelling offer, and being willing to compromise. It’s also important to work with a skilled real estate agent who can provide you with valuable insights and guidance.
Q: What are the hidden costs of buying a cheap house in Melbourne?
The hidden costs of buying a cheap house in Melbourne can include conveyancing fees, stamp duty, building inspections, and council rates. It’s important to factor these in when budgeting for your home purchase.
Q: What’s the process of buying a cheap house in Melbourne?
The process of buying a cheap house in Melbourne involves finding a suitable property, making an offer, getting loan approval, exchanging contracts, and settling the purchase. It’s also important to do due diligence throughout the process and work with professionals such as conveyancers and building inspectors.
For more information on buying a house in Melbourne, check out this Guide to Buying a House in Melbourne.
Conclusion
Living large on a budget is possible in Melbourne if you’re willing to do some research and be flexible with your search criteria. Whether you’re looking for a charming bungalow in the suburbs or a luxurious apartment with a water view, there are plenty of cheap houses for sale that offer comfort, style, and affordability. By following the tips and insights in this guide, you can find your dream home without breaking the bank.
