3 Devon Avenue, Cowes, VIC 3922 | Land for sale | OnTheHouse
 
FOR SALE
$795,000

3 Devon Avenue
Cowes VIC 3922

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1041m2
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Prime Beachside Development Opportunity

An outstanding opportunity awaits in a highly desirable pocket of Cowes, where an impressive 1,041sqm (approx.) allotment offers exceptional scope for redevelopment in a location just moments from the beach.
Currently occupying the site is an existing three-bedroom residence requiring demolition, providing a clear opportunity for buyers to unlock the full potential of this substantial landholding. With its generous dimensions and enviable coastal position, the property lends itself to a variety of future possibilities, from the construction of a luxurious new beachside residence through to a multi-dwelling or townhouse development (STCA).
For developers, builders and investors, the combination of land size and location is particularly compelling. Opportunities to secure more than 1,000sqm so close to the Cowes foreshore are increasingly difficult to find, offering the chance to create a quality development that takes full advantage of the continued appeal of Phillip Island's thriving coastal market.
The location further enhances the property's potential, with the beach less than a one-minute walk away, allowing you to enjoy morning strolls along the shoreline, summer swims and the relaxed coastal lifestyle Cowes is renowned for. Thompson Avenue's bustling shopping and dining precinct is also only a few minutes' drive away, placing cafés, restaurants, supermarkets, boutique shopping and everyday conveniences within easy reach.
Whether your vision is to develop, build a premium coastal residence or secure a substantial parcel of land for the future, this exceptional property represents a rare opportunity to acquire a significant landholding in one of Cowes' most desirable beachside locations.
With its impressive proportions, outstanding position and exciting possibilities, this is an opportunity with enormous potential in the heart of Phillip Island.
This property in Cowes is proudly presented for sale through Ray White Real Estate Phillip Island.
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Property Details for 3 Devon Ave, Cowes

Building Type
Land
Land Size
1041m2
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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 8,466 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 100 properties listed for sale, and 29 properties listed for rent in Cowes on OnTheHouse. According to Cotality's data, 269 properties were sold in the past 12 months in Cowes.

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Ray White Phillip Island
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