Cloverdale I

Fisher St, Cloverdale Apartment

Fisher St, Cloverdale Apartment

The $2 million double-storey residential complex at Fisher Street in Cloverdale is set to redefine the local landscape. Approved by the Metro Inner-South Joint Development Assessment Panel, the project will replace an existing single-storey home with 10 modern units.

10 Unit Apartments in Cloverdale

The $2 million double-storey residential complex at Fisher Street in Cloverdale is set to redefine the local landscape. Approved by the Metro Inner-South Joint Development Assessment Panel, the project will replace an existing single-storey home with 10 modern units.

Design and Features

  • Units: 10 residential units, including a balanced mix of 2-bedroom, 2-bathroom units and 1-bedroom, 1-bathroom units.
  • Parking: 18 car parking bays (16 for residents, 2 for visitors).
  • Amenities: Central courtyard with a seating area for residents.
  • Access: Single driveway from Fisher Street.
  • Finishes: Each unit is finished with high-quality materials, aimed at the build-to-rent market for JAV Properties, a sister company of JAV Developments.
  • Landscape Design: High-quality landscape design enhances tenant living, creating a sense of peace and harmony.

Strategic Location

The site is strategically located:

  • 600 meters east of Belmont Forum Shopping Centre.
  • 300 meters northeast of Abernethy Road, a major bus route.

Impact and Vision

The development aims to balance high-quality function and form while minimizing impacts on neighbouring properties. It is designed to be a benchmark for future redevelopment in the area, promoting medium-density residential growth with excellent design and landscaping quality. This complex is poised to attract tenants looking for modern, well-finished homes in a prime location, providing strong rental returns for JAV Properties.

Conclusion

This Cloverdale development exemplifies modern residential construction with a focus on high-quality finishes and strategic location, making it a prime choice for tenants and a lucrative investment for developers.

Project Details

Location

Fisher St, Cloverdale, WA

Year of Build

2024 – 2026 (current)

Zoning

R20/40

Size of Block

1095m2

Total Build Area

894m2

Land Value

$560,000

Building Cost

$2,500,000

Financial Outcomes

Expected Positive Cash Flow 5% with equity gained $600,000 or 19.6%.