Challis Avenue, Potts Point, NSW 2011

Beginning with a cluster of great cafes, walk along this street lined with charming art deco buildings and renovated terraces and you'll arrive at Embarkation Park. Here, you'll find a haven to take the dog for a walk, escape the office, have a picnic or just sit back and soak up the sun as you look at the gorgeous view across Woolloomooloo Wharf and Sydney Harbour Bridge. With studios from the low $200,000s this character-filled avenue can be your "Golden Chalice"

Seriously exclusive and expensive terraces fill this street, as well as some well maintained art deco flats. Trendy Potts Point cafes line the east end of the street, and Fratelli Paradiso in particular is simply magnificent for breakfast. The Lotus bar is a splendid slinky place for frolicking with fashionable boys and girls. If you can afford it, this would have to be one of the best streets in inner Sydney.