This gorgeous property, located in the popular Cowes area on Phillip Island may accommodate the lifestyle change you have been desiring. The expansive yet private allotment of 4,679 sqm approx. (over an acre) features the main four-bedroom residence and two additional short term holiday rental cottages. Having won numerous awards for customer satisfaction, this well-equipped home and additional business opportunity is ready for its new owner to move in and enjoy. Whilst the current owners enjoy an enviable semi-retirement lifestyle, there is a potential opportunity for further expansion with a third cottage (subject to council approval).
The recently refurbished main residence features four spacious bedrooms, the master complete with walk in robe, ensuite and its own private courtyard with Geisha spa. There is also a recently renovated dual access main bathroom, laundry with ample storage and office space which could be utilised as a fifth bedroom.
The size of Cowes is approximately 20.7 square kilometres. It has 20 parks covering nearly 6.7% of 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 8,445 properties. Over the last 5 years, Houses in Cowes have seen a 19.53% increase in median value, while Units have seen a 32.84% increase. As at 31 January 2026:
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