Hi mitz. The first thing I would do is add a slim timber console table to just inside entry, to serve as a place to drop-off zone for keys, wallet, mail, etc. As there is an electrical outlet there, a table lamp would be useful and provide pleasant lighting.

You could hang a mirror over the table or a wall hanging or artwork, if you prefer. Just be sure to keep size in perspective to the console and entry area. A woven basket under the console would add texture and provide a bit of storage.

By using an electrical power strip you would be able to tidy up the TV, etc. cords and contain them to one wall outlet. You certainly have the wall space to accomodate a large artwork, perhaps something abstract and colourful? I also love wallhangings. Etsy has a number of artists who will custom create to suit your colours, and also size. Whatever you choose, take your time and be sure you really love it.

You could also add a potted plant in a raised pot stand and a basket or two (vary size and shape) for greenery and texture and baskets make great storage containers. A grouping would help fill in wall space as well as be practical.

At some point, you may like to add an area rug to ground your lounge area and help delineate it from kitchen/dining space. Take things slow and have a good look around before committing to purchase. I check out our many local op shops for used baskets - I've found some lovely ones to hold magazines, plants and throws in my house. Best wishes!