10 homes in prime blue-chip locations, without the price tag

There’s an old real estate adage that you should invest in the worst home in the best street.

So how about the cheapest home in the most expensive suburb?

We’ve taken a look for relative “bargain buys” in Adelaide’s multimillion-dollar hot spots.

Scroll down to see the results, which have been compiled using data from CoreLogic and current listings from realestate.com.au.

You will find mixture of units, townhouses and even a gentleman’s bungalow ripe for renovation — each promising savings of at least half their suburb’s median house price.

1. Unley Park

Median house price: $1.9 million:

This property: $350,000 to $375,000

5/37 Thornber St, Unley Park

1 bed, 1 bath, 1 car

Here’s your chance to secure a unique one-bedroom apartment within the extraordinary mansion ‘Harpurhey House’ — the original site of the Unley Park Girls School back in the late 1800s. The home encompasses an open and airy 69sqm floorplan, with a front porch and private entry. The large open-plan living and dining space has timber french doors that lead to picturesque gardens. The spacious bedroom enjoys direct access to the bathroom, with a shower over the luxurious claw foot bath. A neat and tidy kitchen with a gas oven and stainless steel benchtops completes this one-of-a-kind character apartment with a designated parking space.

5/37 Thornber St, Unley Park

2. Rose Park

Median house price: $1.529 million

This property: $345,000

310/160 Fullarton Road, Rose Park

1 bed, 1 bath, 1 car

Enjoy a cosmopolitan lifestyle from this charming and secure, open-plan city fringe third floor apartment. The one-bedroom home comes with views to the hills, a spacious balcony, a remote control lockup garage, and access to an in-house gym. The home itself features an open-plan living, dining and kitchen space, as well as a modern bathroom with shower, a toilet and a vanity, plus a generous sized separate laundry. There’s also an intercom system to ensure privacy and security.

310/160 Fullarton Rd, Rose Park

3. Toorak Gardens

Median house price: $1.35 million

This property: Offers over $280,000

3/7a Christie Ave, Toorak Gardens

1 bed, 1 bath

Situated on a tree-lined street and within easy walking distance to the Burnside Village and public transport, this one-bedroom home is all about location.

The spacious unit is situated in a group of seven and comprises a large airconditioned lounge, and a good-sized, bright kitchen with room for a table and chairs. The large bedroom comes with built-ins and an ensuite. The property has recently been painted and is ready for someone to just move in.

3/7a Christie Ave, Toorak Gardens

4. Tennyson

Median house price: $1.3 million

This property: $349,000 to $369,000

22/70 Military Rd, Tennyson

2 bed, 1 bath, 1 car

Well removed from Military Rd, this first floor unit is perfect for use as weekender, or as a professional’s pad with balcony outlooks across West Lakes. The home features a spacious layout which highlights full-length windows and a renovated fully-tiled bathroom. Open-plan living continues through the balcony’s sliding glass doors, while behind you, is a tiled dining and wood laminate kitchen. Two carpeted bedrooms, both endowed with top-to-toe sliding robes share the central bathroom. The home also comes with a single garage with a roller door and off-street parking.

22/70 Military Rd, Tennyson

5. Dulwich

Median house price: $1.288 million

This property: $770,000 to $820,000.

24B Tudor St, Dulwich

3 bed, 2 bath, 2 car

This neat Torrens title townhouse offers a cosmopolitan lifestyle with easy access to local shopping, Burnside Village, Norwood Parade, Victoria Park, the CBD, buses and other amenities. The home comprises of a north-facing living room, a neat kitchen with a dishwasher, a meals/family area opening to the rear outdoor entertaining area, a laundry, three bedroom, and a family bathroom.

There’s also a double side-by-side garage, plus extra off street parking, ducted reverse-cycle airconditioning, an alarm, and a low-maintenance yard.

24B Tudor St, Dulwich

6. Tusmore

Median house price: $1.25 million

This property: $750,000 to $795,000

344 Portrush Rd, Tusmore

3 bed, 2 bath, 2 car

This impressive character bungalow is crying out for a makeover. It is set on an established 810sqm allotment, with easy side-street access. The home comes with spacious front rooms with character features, including polished timber flooring, coffered ceilings and stone fireplaces. There is a large master bedroom with a feature stone fireplace and a second double bedroom with rear garden outlook, plus a third bedroom and sunroom.

The country-style eat-in kitchen is light and bright and includes a large pantry.

The main bathroom is functional and includes a separate bath and shower alcove, and separate toilet. The established rear garden is private and includes a garage which can be accessed from the front double gates and side gates.

344 Portrush Rd, Tusmore

7. Malvern

Median house price: $1.25 million

This property: $699,000

103 Duthy St, Malvern

4 bed, 1 bath, 2 car

This solid brick home is situated on a generous 558sqm allotment with an attractively wide frontage of 21.64m. You might want to renovate the existing home and add value quickly or build a new home to suit your lifestyle. As it stands, the home features up to four bedrooms, or three plus a separate living space, a large central lounge and dining area, plus a kitchen with ample cupboard and benchspace. There’s also a family bathroom with a shower and a bath, and a large laundry. Outside features include two undercover pergolas, a garden shed and a double carport.

103 Duthy St, Malvern

8. Erindale

Median house price: $1.245 million

This property: $315,000 to $335,000

2/113 Godfrey Tce, Erindale

2 bed, 1 bath, 1 car

This upgraded unit provides the perfect opportunity for the downsizer, first homebuyers or investor to gain entry into highly sought-after eastern suburb of Erindale. The ground floor home features two bedrooms with built-in robes and ceiling fans. There’s also a fully renovated kitchen with a gas cooktop, plenty of storage and benchspace, and laundry provisions. A light and bright open-plan living area comes with polished floorboards and views of the front gardens.

Outside there is room for entertaining with a paved private courtyard and a low maintenance garden.

2/113 Godfrey Tce, Erindale

9. St Peters

Median house price: $1.2075 million

This property: $280,000 to $295,000

5/74 First Ave, St Peters

2 bed, 1 bath, 1 car

Priced to sell, this top-floor unit is perfect for first homebuyers or families looking for a prestige school zone. The home comes with two bedrooms, both of which feature built-in robes, an upgraded bathroom with a washing machine allocation, and a modernised kitchen with lots of cupboard space and a gas cooktop.

Other features include split-system reverse-cycle airconditioning and a single undercover car park. The unit it set in a well-maintained group, just 3km from the CBD. It is tenanted at $260 per week, until May 2019.

5/74 First Ave, St Peters

10. Kensington Park

Median house price: $1.171 million

This property: $315,000

2/389 Glynburn Rd, Kensington Park

2 bed, 1 bath, 1 car

Currently rented for $315 a week, this two-bedroom homette is the perfect investment in a sought-after locale. The home features two double bedrooms, one bathroom, a large updated kitchen and dining area, and a large lockup garage with storage space to the rear. It also comes with character bay windows which look out onto leafy Kensington Park, high ceilings, and polished floorboards. Other features include evaporative airconditioning and NBN connection. It is set in a small group of six on a corner allotment with a front veranda and rear parking.