362 Settlement Rd, Cowes is a 4 bedroom, 2 bathroom House with 4 parking spaces and was built in 1980. The property has a land size of 820m2 and floor size of 139m2. While the property is not currently for sale or for rent, it was last sold in June 2025.
Positioned on a generous approx 820sqm block, this charming 4-bedroom, 2-bathroom home is a fantastic investment opportunity with endless potential. Whether you're looking for a permanent residence, holiday retreat, or future development site (STCA), this property ticks all the boxes.
From the moment you step inside, you'll be captivated by the character and warmth of the open-plan kitchen, dining, and living area, featuring soaring high ceilings, abundant natural light, and a cozy wood fire. The north-facing deck, accessible from the living space, is perfect for entertaining, with half of it covered for year-round enjoyment. The fully equipped kitchen boasts a breakfast bar, electric cooktop, and dishwasher, making it both stylish and functional. Three spacious bedrooms include built-in robes, while the fourth bedroom offers versatilityeasily converted into a second living area if desired. The home features two bathrooms, one complete with a bathtub for added convenience.
Additional features include a split system for year-round comfort, a ceiling fan, and a separate laundry.
The location is superb, just 700 metres from the beach, allowing you to enjoy the stunning coastline within a short stroll. The Cowes boat ramp is only 950 metres away, perfect for boating and fishing enthusiasts, while Thompson Avenue, with its array of shops, cafes, and restaurants, is just 1.5 kilometres from your doorstep.
Outside, the expansive backyard offers incredible potential. With the home positioned at the front of the block, theres ample room to add a granny flat, a large shed, or explore subdivision options (STCA). This is an exceptional opportunity in a sought-after locationcontact us today to arrange an inspection!
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 8,428 properties. Over the last 5 years, Houses in Cowes have seen a 4.05% increase in median value, while Units have seen a 15.10% increase. As at 31 May 2026:
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