Rundown Adelaide cottage sells for almost $1 million

A crumbling home in a blue chip Adelaide pocket has sold for $890,000 despite the site needing extensive work.

The listing for 34 Elizabeth Street, Norwood was selling a dream for almost $1 million, describing the home as “relic or ruin” and to “let your imagination run wild.”

The heritage status of the home – which sits on a petite 254 square metres and comes with an original outhouse as the only bathroom – means the buyer won’t be able to raze the dilapidated residence.

SOLD - $890,000

34 Elizabeth Street, Norwood SA 5067

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Instead, planning approval has been granted for a major renovation and re-build, with potential designs for “a sleek, stylish architecturally designed property” being included with the listing photos.

The draftings show the heritage part of the home revitalised and a striking modern extension out back which spans two levels, and includes off-street parking for one car.

Norwood offers beautiful tree-lined, family-friendly streets, and sits in an east city-fringe location.

This provides easy access to the city’s East End, which is teeming with premium shopping options, bars and restaurants, plus all the seasonal festivals and attractions Adelaide has become known for.

The vibrant Parade is also a leisurely stroll from the front door, where you’ll find Norwood’s cafés and buzzing social scene.

The median price for two-bedroom homes in Norwood is $752,000, according to Domain data. Four bed homes sit at a median of $1.8 million.

Other homes for sale in Norwood

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68 Queen Street, Norwood SA 5067

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2 Birrell Street, Norwood SA 5067

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