Two dwellings across more than 2000 sqm means there’s potential for expansion. Photo: John Mooney Real Estate.
Representing an exciting opportunity for affordable living as well as a possible second income stream, 37 Cox Street is a three-bedroom, one-bathroom property spread across two dwellings in Mangoplah.
A rare offering at this price point, this property includes a main living dwelling with three bedrooms, a study, a living/dining area, kitchen and bathroom/laundry.
“It’s very well built too, with high ceilings, double brick, timber floors and a stucco finish. And the floorplan is more versatile than you would think,” John Mooney Real Estate agent Harrison Foley says.
The study, a long room on the western side of the property, could easily be reconfigured as a second living space or even another bedroom, adding extra utility to the home.
“Much of the appeal in this property is its ability to grow with its owner and change as needs demand. It’s a very adaptable place to call home,” Harrison says.
The second dwelling expands the property’s potential. With a main studio area, bedroom, kitchenette and bathroom, there’s enough room here for a commercial space or home business.
“This area has previously been a hairdresser and it could really be just about anything,” Harrison says.
“It’s clearly been designed as a shop front and the business owner could get plenty of benefit from having their business right next to their home.”
But for a homeowner looking for an easier pathway to a second income stream, the second dwelling could easily be transformed into a granny flat with the addition of a shower.
“If someone invested in it by adding a shower, they could create an entirely self-contained home, ideal as a rental, which would help them pay off the property overall,” Harrison says.
With an asking price under $460,000, this home offers an exceptional amount of living space, with plenty of room to grow at an affordable price.
“It’s a very rare find. For the amount of space on offer, as well as the potential to garner a second passive income stream or set up a home business, this price is great,” Harrison says.
And with more than 2000 sqm of land, there’s even more to improve, with space for an extra dwelling or a large shed.
“The two dwellings are taking up one corner of the block, meaning there’s a whole lot of room underutilised,” Harrison says.
“For a couple or young family looking to make their start with a unique property with endless potential for growth, you’d be hard-pressed to find something better.”
Located in the small town of Mangoplah, this property provides a lifestyle of peace and quiet.
“We’re finding that a lot of buyers want to buy somewhere a bit smaller; it means they get quieter lifestyles, on bigger blocks, with more freedom in how they use their land,” Harrison says.
“This home is a great example of that.”
For more information on 37 Cox Street in Mangoplah, contact John Mooney Real Estate agent Harrison Foley. And to stay ahead of the market, check out the latest listings on Zango.
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