The first home built on the street has hit the market for the first time in 54 years!!! Calling all investors and developers! Located in one of the best streets in Cloverdale, this well-loved home is situated on a sprawling 1,100sqm R20/40 rectangular development block with a 19.13m frontage offering heaps of development options (STCA) such as: * RETAIN EXISTING 3 BED 1 BATH HOME & BUILD AT REAR * DEMOLISH AND BUILD 3 NEW SINGLE STOREY HOMES * DEMOLISH AND BUILD 4 NEW TOWNHOUSES * DEMOLISH AND BUILD 11 APARTMENTS Comes with bonus brick home perfect to keep the income stream ticking over for years to come. Existing home is set in an original condition featuring 3 bedrooms, 1 bathroom, formal lounge, kitchen and dining area. Step out to an undercover patio that leads to a massive backyard with a huge shed, garden shed and an auto-lock up car port. Take a 1 km walk to the Belmont Forum Shopping Centre, the lively Forster Park, local schools, local amenities or a short drive to Perth City, Crown Entertainment Centre, OPTUS Stadium, Swan River, Perth Airports and enjoy easy access to public transport and major freeways in this excellent location. This outstanding property is perfect for families looking for monster-sized blocks or developers wanting to maximise their immediate return or the savvy investor looking to landbank and lease out the existing property for the time being. Contact exclusive local agent DEVON KELLY on 0417 936 277 or DANIEL KELLY on 0456 180 575 to arrange for an inspection.