384 Settlement Rd, Cowes is a 4 bedroom, 3 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 812m2 and floor size of 854m2. While the property is not currently for sale or for rent, it was last sold in March 2024.
This fantastic property situated on an approximate 850 square metre allotment is a rare opportunity to purchase a truly unique offering, providing the potential to generate not one, but two streams of income. Alternatively, the property would make an ideal permanent home or holiday retreat with the second dwelling being an excellent opportunity for extended family or additional income.
Situated approximately one kilometre to the beach and shopping centre, the delightful main residence boasts three bedrooms, two renovated bathrooms and an inviting open plan layout including timber floors throughout, with access to several lovely outdoor entertaining areas. The contemporary style kitchen is well equipped with modern fixtures and appliances. The lounge and dining area is flooded with beautiful natural light creating a warm and inviting atmosphere. The main residence provides disability access via a ramp while one of the bathrooms has also been designed for disabled access.
Ascend the external stairs to discover a fully self-contained dwelling, complete with a bedroom and ensuite and a spacious open-plan kitchen, living, dining area. Double glass doors open out from the kitchen/dining space to a fabulous generously sized undercover deck, ideal for enjoying the serene surroundings.
Descend from the upper level to the rear of the property, where you'll find a well-maintained yard and garden area together with an additional undercover entertainment area, providing the perfect backdrop for hosting memorable family gatherings and celebrations. For added convenience, the property features a single car garage for parking or storage as well as having plenty of room for outdoor parking.
Whether you're looking to accommodate extended family or generate extra income, this unique property with two accommodation areas has the flexibility and potential you've been searching for. Don't miss out on this truly remarkable opportunity to secure your piece of versatile coastal living. Arrange your inspection today and imagine the possibilities that await.
Other great features include : split system heating and cooling, dishwasher, built in robes, fully fenced, plenty of parking, low maintenance surrounds
This property for sale in Cowes is proudly presented for you by Ray White Real Estate Phillip Island.
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 8,415 properties. Over the last 5 years, Houses in Cowes have seen a 6.99% increase in median value, while Units have seen a 15.45% increase. As at 30 April 2026:
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