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Development Opportunity or Renovate!
A renovator's opportunity or developer's dream, this substantial property presents an exciting opportunity in a highly convenient location. Zoned R20/R40, the property comes with architecturally prepared plans for three street-facing survey-strata lots, offering the potential to create three impressive two-storey residences, each comprising four bedrooms, three bathrooms and a double garage. These are proposed plans and all subject to council and planning approval.
The existing residence is being sold strictly on an "as is, where is" basis, with the sale primarily reflecting the underlying land value and development potential. For those looking to explore the possibilities of the site, the existing home provides a solid starting point while the approved zoning and prepared plans offer a clear vision for its future.
The current home includes a number of practical features, including air conditioning and a gas heater to the lounge, gas hot water, a sizeable backyard, undercover patio and rear parking. Whether you choose to renovate, retain, or pursue the proposed development, there are multiple pathways to consider, subject to the relevant approvals.
Location is another major advantage. Enjoy excellent connectivity to Perth Airport and convenient north and south-of-the-river access via Tonkin Highway. Belmont Forum provides an extensive selection of shopping, dining, entertainment and everyday amenities close by, while the Crown Perth entertainment precinct, Swan River walking trails and Optus Stadium are all within approximately 10km.
Offering a combination of development potential, existing improvements and outstanding accessibility, this is an opportunity that will appeal to developers, builders, investors and astute buyers looking for their next project in a well-connected metropolitan location.
Key Features:
R20/R40 zoning
Architecturally prepared plans for three street-facing survey-strata lots
Proposed three two-storey residences
Each proposed home designed with four bedrooms, three bathrooms and double garage
Existing home sold strictly on an "as is, where is" basis
Sale primarily based on underlying land value
Air conditioning and gas heater to lounge
Gas hot water system
Sizeable backyard
Undercover patio
Rear parking
Bore-reticulated (not functional or warranted)
Excellent access to Perth Airport
Convenient Tonkin Highway connections
Close to Belmont Forum shopping precinct
Approximately 10km to Crown Perth and Optus Stadium
Close to Swan River walking trails and recreational amenities
Whether you're looking to undertake a substantial renovation or unlock the site's development potential, this is a property with plenty of possibilities and a location that continues to offer strong lifestyle and investment
City of Belmont
Water Corporation - $1,063.09
Property features
Property snapshot by reiwa.com
This property at 398 Daly Street, Cloverdale is a three bedroom, one bathroom house sold by Chadi Damouni at Bourkes on 08 Sep 2026.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Cloverdale or see other recently sold properties in Cloverdale.
Cost breakdown
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Water rates: $1,063 / year
Nearby schools
Cloverdale overview
Are you interested in buying, renting or investing in Cloverdale? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle Cloverdale offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.
Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities.
Cloverdale quick stats
High end
$1.0m
Median
$890k
Low end
$835k
18.7 %
Annual growth
$890k
Annual median sales price
$725pw
Annual median rental price
