Melbourne real estate: what to buy now for $1 million in the inner city

Antiquated decorations and a yard overgrown with weeds or barely enough to play football-this is basically what you can buy in Melbourne’s inner ring housing market with a $1 million budget today.

With the city The median house price breaks through the million mark Earlier this year, the types of homes that could be purchased on a once-high budget were declining.

However, a search on realestate.com.au shows that there are still some gems-among them there are plenty of cushions with potential for renovation, if your budget increases further for reno.

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Faraday Street 24, Carlton

Price guide: US$1 million to US$1.1 million

For those who like exposed bricks, this angular townhouse is a must-see, it is advertised as “has its own unique sense of style.”

The interior walls use brown brick facades, while the open-plan living, dining, and kitchen spaces use tiles of similar colors.

However, the location of this house is golden-it is located on the border of Carlton and Fitzroy, hidden on the corner of the main stretch of Nicholson Street, within walking distance of Rathdown and Brunswick Food Street.

CoreLogic’s records show that the cushion on this 73 square meter block was last sold for $7,300 in 1980.

Nelson Alexander Carlton North will be auctioned on July 17.

16 Queen Street, Williamstown

Price guide: US$1 million to US$1.1 million

The red brick facade decorated with pink curtains and white details is sure to attract attention at this address in Williamstown.

Its interior is also dated but spacious. The floor plan extends to two floors and includes two living rooms, dining and kitchen areas, three bedrooms, two bathrooms and a double garage.

Jas Stephens Yarraville marketed it as “just jumping around from Ferguson St stores and Nelson Place restaurants” and “short strolls” to the Williamstown waterfront.

The auction date for this 284 square meter property is July 24.

47 Alfred Street, Port Melbourne

Price guide: US$1.1 million to US$1.2 million

Buyers will be able to move directly into this one-door house with a modern but compact floor plan, which includes an open-plan living room, dining room and kitchen space, leading to the rear deck.

There are two bedrooms in the front, a bathroom and a European-style laundry room in the back.

Polished floors and open fireplaces retain some of the period charm on the 107-square-meter plot, which will be auctioned through Buxton Port Phillip on July 10.

Chapter 43, Newport

Price guide: US$1.05 million to US$1.15 million

Green sliding glass doors and matching countertops add a touch of color to his cream-colored brick Newport pad, which is advertised as “a good home (on) on the ground (in) an unparalleled position.”

The suburban classic can be refurbished, but its 355-square-meter north-facing corner plot should attract buyers.

Compton Green will auction the property on July 24.

115 Hutton Street, Thornbury

Price guide: US$1.45 million to US$1.45 million

Although the price is higher than other properties here, this California bungalow located near Merri Creek does provide a larger land with an area of ​​458 square meters.

But the plot was covered with mottled grass, dead plants, and cracked concrete.

The interior of the yellow and blue walls can be similarly done—hopefully including removing the brown carpet.

The Joy of the Renovators is scheduled to take place via Jellis Craig Northcote on July 10.

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