While Sydney house prices have grown 26 per cent in the past 12 months to $1.3 million, there remains plenty of pockets where buyers can still get into the market on the cheap.
An analysis of realestate.com.au has found some of the cheapest homes with a backyard up for sale can still be purchased for well under $500,000 in Sydney.
That is half the average cost of buying an apartment in Australia’s largest and most expensive property market. Some of these properties offer amenities that would rival their million dollar siblings including their waterfront addresses or land size.
Price guide: $450,000-$495,000
For buyers looking for a home with a grassed yard, this two-bedroom townhouse in Ingleburn in the city’s south west is hard to go past.
Listed with LJ Hooker’s Miriam Roberts, homebuyers would need just a $90,000 down payment to avoid lenders mortgage insurance (LMI).
Features include a separate dining room, internal laundry, a secure garage and a courtyard. The property is on the market via private treaty.
Price guide: $445,000
Situated on the edge of Greater Sydney is a 1416sqm waterfront property with a three-bedroom house.
While the property is one of the cheapest on the market in Sydney, there is a catch in that the house can only be access by boat due to its remote location on the Hawkesbury River.
The home offers a modern kitchen, airconditioning, two bathrooms, built-in wardrobes and a front deck.
With a 20 per cent deposit roughly equal to $90,000, it certainly makes waterfront living far more affordable than homes on Sydney Harbour.
Riverfront Real Estate’s Caelia Collins is the selling agent.
Price guide: $449,000
On a 205sqm parcel, this two-bedroom duplex is close to schools, public transport and shops.
A grassed backyard with a rear entertaining place and garden shed is perfect for young families. The home also has a modern functional kitchen, off-street parking and airconditioning.
Listed with Century 21 K P Realty’s Khilen Patel, investors will be pleased to know the home offers good rental yields with the current tenants paying $345 per week.
Price guide: $549,000-$599,000
This three-bedroom property on 300sqm is located near the centre of Penrith, railway stations and a university.
The price guide is more affordable than the $692,000 median sale price of Cambridge Park, which is already appealing by Sydney standards.
A three-bedroom house, huge double shed and a grassed front and backyard awaits the new owner. Other features include a large laundry, linen cupboard and ceiling fans for those hot summer days.
The home is listed with Trevor Holmes of Starr Partners — Glenmore Park.
Price guide: $550,000
Buyers have the chance to get themselves a massive 613sqm parcel for only $550,000. First homebuyers would not have to pay stamp duty at that price point.
Listed with Laing + Simmons’ Jack Nahas, the three-bedroom house has freshly painted interiors, new carpet and roller blinds and two living rooms.
There is also a large level backyard with a shed, child-friendly lawns and a sunny outdoor entertaining space.
The cul-de-sac property is located near local shops, bus stops and a number of parks.
The post Sydney property: The cheapest homes with a backyard on the market in Sydney appeared first on realestate.com.au.