268 Settlement Road, Cowes, VIC 3922 | House for sale | OnTheHouse
 
FOR SALE

268 Settlement Road
Cowes VIC 3922

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 652m2
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The Brief: Coastal Convenience, Versatile Living & Endless Potential in the Heart of Cowes

Its Addressed:
Positioned on a generous 668m² (approx.) allotment in the heart of Cowes, this spacious and versatile three-bedroom home presents an exciting opportunity to secure your own slice of Phillip Island living.
Whether you're searching for your first home, a relaxed coastal escape, a rewarding investment or a property with plenty of potential to make your own, this well-located residence combines generous proportions, multiple living zones and outstanding everyday convenience, all within easy reach of Cowes' vibrant town centre and beautiful foreshore.
Step inside to discover a practical and surprisingly spacious floorplan featuring three well-proportioned bedrooms, each complete with built-in robes and serviced by a centrally positioned family bathroom. At the heart of the home, the functional kitchen is equipped with a 600mm gas cooktop, electric oven, dishwasher and ample storage, connecting effortlessly with the main living and dining zone to create a comfortable and inviting space for everyday living.
Adding to the home's appeal is a second separate living area, providing valuable flexibility for families, guests or those simply wanting extra room to spread out. Perfect as a relaxed media room, children's retreat, additional lounge or quiet place to unwind, this extra living zone adds another layer of versatility to the floorplan.
A separate multipurpose room offers even further flexibility and could easily be transformed into a home office, creative studio, hobby room, workshop or additional storage space. With an adaptable layout and plenty of scope to personalise, this is a home that can continue to evolve with its new owners.
Year-round comfort is taken care of with split-system heating and cooling, complemented by gas hot water, blinds throughout, practical vinyl flooring and carpeted zones.
Outside, the generous allotment provides low-maintenance surrounds, a double carport and secure space for a boat, caravan or additional vehicles, making it particularly appealing for those looking to embrace the relaxed Phillip Island lifestyle.
The location is where this property truly shines. Enjoy the convenience of being approximately a 10-minute walk from Thompson Avenue, placing shops, cafés, restaurants and everyday essentials within easy reach, while the beautiful Cowes foreshore, beaches and waterfront are just a short drive or leisurely stroll away.
Offering an exciting combination of space, flexibility, convenience and coastal lifestyle appeal, this is an opportunity perfectly suited to first home buyers, investors, holidaymakers or those searching for a permanent sea change. Move straight in, add your own personal touches or unlock the property's future potential and make it truly your own.
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Property Details for 268 Settlement Rd, Cowes

268 Settlement Rd, Cowes is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 652m2. The place is currently for sale with AREA SPECIALIST KEYSBOROUGH.

Building Type
House
Land Size
652m2
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About Cowes 3922

The size of Cowes is approximately 20.7 square kilometres. There are 20 parks, covering nearly 6.7% of the total area. The population of Cowes in 2016 was 4839 people. By 2021 the population was 6593 showing a population growth of 36.2% in the area during that time. The predominant age group in Cowes is 60-69 years. Households in Cowes are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cowes work in a trades occupation.In 2021, 68.40% of the homes in Cowes were owner-occupied compared with 65.40% in 2016.

Cowes has 8,468 properties. Over the last 5 years, Houses in Cowes have seen a -5.10% decrease in median value, while Units have seen a -3.99% decrease. As at 31 August 2026:

  • The median value for Houses in Cowes is $713,253 while the median value for Units is $499,704.
  • Houses have a median rent of $510 while Units have a median rent of $460.
There are currently 101 properties listed for sale, and 19 properties listed for rent in Cowes on OnTheHouse. According to Cotality's data, 275 properties were sold in the past 12 months in Cowes.

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Stacey Woodfield
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AREA SPECIALIST KEYSBOROUGH
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