Dual Residence - Two Homes, One Title, Double Income, Great Investment Opportunity-

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24 And 24A Stringybark Loop, Coodanup WA 6210

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$850k - $900k Medium Confidence Calculated based on our search observations.

House 5 Beds 3 Baths 2 Cars 450 m² 187 m²

Listed: 14 hours ago

Overview

This unique investment offering presents two fully self-contained residences on a single title in the vibrant suburb of Coodanup, Western Australia. Both homes are newly constructed and currently leased, providing immediate dual rental income streams, an appealing feature for investors seeking stable returns without the hassle.

The main residence at 24 Stringybark Loop is thoughtfully designed with a master bedroom featuring a walk-in robe and two additional bedrooms equipped with built-in robes. Modern amenities include two contemporary bathrooms and reverse-cycle air conditioning enhancing comfort in the living areas. The layout boasts an open-plan living space with low-maintenance interiors and a backyard, ideal for easy living and tenant retention.

The second dwelling at 24A Stringybark Loop complements the main house with two well-sized bedrooms with built-in robes, a modern bathroom, and similarly maintains a low-maintenance open-plan living area opening to a backyard. This residence provides privacy and convenience with a separate entrance, supporting the dual-income scenario effectively.

With current tenants wishing to renew their leases, this property offers flexibility for investors, downsizers, or those considering multi-generational living. The dual income can offset mortgage costs, and the space accommodates family or rental investment strategies with ease. Its location near schools, community gardens, recreational areas, and shopping centers adds appeal for tenants and future occupants alike.

Two fully self-contained residences on one lot
Both properties currently leased providing instant income
Separate entrances for privacy and convenience
Low-maintenance property ideal for investors

Encompassing 450 sqm of land with approximately 187 sqm of building floor area, the property combines functional living with financial opportunity, making it a rare find in the Coodanup market.

Local Market Insights

In Coodanup, Quiet Listings observed 150 new houses entering the market over the last 30 days, up from 135 during the previous 30-day period, with an average advertised asking price of $1,003,787. The property type mix of listed properties is predominantly Houses at 74%, followed by land (9%), and units (6%). The most active agency for houses in the Coodanup area is currently Harcourts, representing 29% of new listings, followed by Belle Property with 11%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.