It’s a myth that great wine comes with a hefty price tag. There are some delicious options out there for party hosts on a budget, from award-winning fizz to rich and powerful reds.

Take a look at these corking choices.

[Read more: 8 wines that'll make you want to swap from your favourites]

1. Freixenet Prosecco

This wallet-friendly prosecco from northern Italy is delicate, fresh and fruity with hints of ripe lemon, green apple and zingy grapefruit.

But the real appeal is the gorgeous, Great Gatsby-style bottle it comes in, which is sure to bring a touch of glamour to your bash.

A bottle of prosecco

Cremant de Bourgogne Blanc

This £7.99 sparkling wine from Lidl landed a prestigious Silver Outstanding award at the International Wine & Spirits Competition, ranked alongside far more expensive bottles of champers.

It’s dry, flavoursome, made from the same grape varieties as champagne and, according to its manufacturers, makes for a great aperitif. Your guests should be none the wiser about its bargain price.

[Read more: 6 of the best bubblies you need to drink now]

2. Tesco finest* Viña del Cura Rioja Reserva 2012

A rich wine with a cheap price tag, this gem picked up a great value award at the 2017 International Wine Challenge. It’s a classic rioja whose flavour combines raspberry and vanilla, and a hint of spice.

3. Aldi Exquisite Hunter Valley Semillon

Aldi's young Semillon is a recipient of the Decanter Silver award, and a Bronze winner in the International Wine Challenge.

This crisp and zingy white has hints of fresh lemon, lime, candied orange and magnolia flower. Not bad for under a tenner.

A bottle of Aldi wine

4. Co-op Les Pionniers Champagne

Add some fizz to your soiree with Co-op’s own brand champagne. It’s multi-award-winning, most recently scooping a gold award in the Champagne & Sparkling Wine World Championships 2017, and comes in well under £20. A lovely, bubbly bargain.

To really push the boat out, opt for Co-op’s slightly pricier – and also award-winning - Les Pionniers Vintage Champagne.

What are your favourite purse-friendly wines? Let us know in the Comments section below.