Live in one and rent out the other: Two 'affordable' houses for sale on one block in Latham

Two freestanding houses are for sale on the one block in the Belconnen suburb of Latham – offering the potential to buy both for a little over a million dollars.

The two dual occupancy homes combined offer seven bedrooms and three bathrooms, giving them value-for-money potential for extended families or investors.

To be auctioned separately (but straight after each other) on July 28, they also offer a more affordable choice for buyers looking for a single four-bedroom home or a single three-bedroom home but wanting to steer away from townhouses.

Listing agent Aaron Lewis of Independent Property Group Inner North & City said the front house at 5 Mocatta Place is the original home and that eight years ago the owners added a house at the rear of the 978 square metre block (known as 5a).

The original three bedroom house has a price guide of $435,000 while the newer four-bedroom two-bathroom house has a price guide of $570,000.

“It’s pretty rare to be able to buy both properties on a block and sometimes they are sold at different times,” Mr Lewis said.

“This is a unique opportunity for someone who wants to buy one house and live in it and rent out the other.

“The other attraction would be for large families who want to be able to have two properties under separate roofs on the one block so that they are close,” he said.

“Because of the dual occupancy scenario, they are cheaper than two houses on separate blocks often are.”

Mr Lewis said that people interested in buying both houses could bid for them both at auction on July 28 or, as with any auction, they are free to make pre-auction offers.

He said that the two houses also each offer great value for people looking to buy just one home.

“This is an example where because of the dual occupancy you are getting great affordability,” Mr Lewis said.

“It is much better than an apartment or townhouse and you are getting your own house on its own block of land.”

The solid single-level original home at 5 Mocatta Place has direct street frontage near the end of a quiet cul-de-sac.

It has three good-sized bedrooms (two with built-in robes) and the bathroom has upgraded lighting, a separate bath and shower and a separate toilet.

There are formal and informal living spaces, front and rear courtyards, a double carport, ample additional off-street parking and a storage shed.

The ‘as-new’ single-level home at 5a Mocatta Place has a sunny northern aspect and benefits from modern fixtures and fittings with new carpets in all four bedrooms.

The contemporary kitchen features a 5-burner gas cooktop, electric oven, dishwasher, full-size pantry and multi-directional lighting.

The main bedroom has a walk-through robe and an ensuite with a large shower, while the other three bedrooms have two-door built-in robes and new quality carpets.

Externally, there is an elevated timber deck and the entertaining space extends down to an uncovered paved courtyard placed within a newly landscaped, fully enclosed yard. The home also has a double garage with remote controlled entry.

For more information about 5 Mocatta Place, Latham, please click here and for more information about 5a Mocatta Place, Latham please click here.

Alternatively, to find out more about either home please contact Aaron Lewis on 0407 121 412 or Mark Larmer on 0403 215 246.

The two homes will be auctioned on-site one after the other at 11:15 am on Saturday, July 28.