Amid a growing cost-of-living crisis around the country, many people would be surprised to learn a waterfront property in South Australia could be theirs for just $215,000.
The Caloote home, located just over an hour east of Adelaide, fronts onto the River Murray.
Featuring two bedrooms, the “cosy and comfortable” home comes fully furnished, according to Domain’s listing.
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“Peaceful, quiet and with picturesque scenery all around, this is a great river location and only an hour drive from Adelaide,” the listing read.
The 192m² property features an outdoor shower so residents can wash off after spending time in the river.
Located just 100m from the River Murray, the property is also a perfect location to access the Caloote Landing reserve area which has a public boat ramp, barbecue and toilets.
A ground floor shed can be used as a boat garage or storage, but could also be additional living space if required.
Featuring mains power, a gas hot water system and airconditioning, the property is advertised by BH Partners agents Peter Wright and Rebecca Pym as an “affordable option for family holidays near the Murray”.
The home is advertised for $190,000 to $215,000.
The median price of apartments and units in the area is $294,000, and a two-bedroom house is $312,500.
That compares with nearby Murray Bridge which has a median house price of $395,000, according to realestate.com.au.
Meanwhile, the median price for a two-bedroom property in Adelaide is $837,500, with an overall Adelaide median price of $932,500, according to realestate.com.au.