343 Wright Street, Cloverdale WA 6105

Classic red DB/T one-owner | 782m² flat block with bore | 4 beds & 4 car spaces | 18% coverage allows expansion This property presents a competitively strong land position within its suburb, distinguished by its large, level block and very low building coverage. The four car spaces and single-owner history of a classic double-brick home cater directly to families or owner-occupiers seeking a low-maintenance base with clear expansion potential. Its location within the intake zones of three schools, including a Catholic primary at 0.1km, solidifies its family appeal and supports enduring demand. The primary decision point is balancing its established character against modern expectations, notably the single bathroom for a four-bedroom layout, which may limit rental appeal or resale to some buyers. The commercial logic is clear: the sub-20% coverage on a large block is a rare and bankable attribute in this market, offering a tangible value-add pathway through renovation or subdivision, subject to council approval. This property is best held as a long-term family home where land appreciation can be captured. Recent comparable sales nearby: • 38 Kennerly Street: Sold for $800,000. A 3-bed, 1-bath house on 630m². This sale, on a smaller block, suggests the subject property’s asking range is positioned for its larger land parcel and additional bedroom, though the premium hinges on a buyer valuing the extra space and expansion potential.