3/162 Settlement Road, Cowes, VIC 3922 | Unit for sale | OnTheHouse
 
FOR SALE
$390,000 - $410,000

3/162 Settlement Road
Cowes VIC 3922

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 222m2
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Central Convenience at an Affordable Price

Perfectly positioned within easy walking distance of local shops, schools and the beach, this two-bedroom unit delivers a great opportunity to enjoy a relaxed coastal lifestyle in one of the area's most convenient locations.
Whether you're purchasing your first home, downsizing to a low-maintenance lifestyle, expanding your investment portfolio with the security of a long-term tenant already in place, or looking to secure multiple properties, this is an opportunity not to be missed. With all three units in the block offered for sale individually, the flexibility is yours.
Designed for comfortable everyday living, the home features two generous bedrooms, a central bathroom, and a light-filled open plan living and dining area. Step outside to a generous private backyard, providing the perfect setting for entertaining, gardening or simply relaxing in the sunshine. A single carport completes the package.
Combining low-maintenance living with an unbeatable central location, this property offers broad appeal to owner-occupiers, holiday home buyers and savvy investors alike.
Property Features:
Two generous bedrooms
Central bathroom
Light-filled open plan living and dining
Spacious private backyard
Single carport
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Property Details for 3/162 Settlement Rd, Cowes

3/162 Settlement Rd, Cowes is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 222m2. The place is currently for sale with Barry Plant Phillip Island.

Building Type
Unit
Land Size
222m2
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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 8,447 properties. Over the last 5 years, Houses in Cowes have seen a -0.54% decrease in median value, while Units have seen a 5.68% increase. As at 31 July 2026:

  • The median value for Houses in Cowes is $729,301 while the median value for Units is $528,310.
  • Houses have a median rent of $510 while Units have a median rent of $450.
There are currently 97 properties listed for sale, and 31 properties listed for rent in Cowes on OnTheHouse. According to Cotality's data, 272 properties were sold in the past 12 months in Cowes.

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Greg Davis
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Barry Plant Phillip Island
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